Kuwait Petroleum Corporation Launches '2023–2025' Sustainability Report - Sarmad
Launch of the sustainability report to enhance transparency and governance.
Translated by Qiyas from سرمد — Original source
(KUNA) – Kuwait Petroleum Corporation (KPC) and its subsidiaries launched their 2023–2025 Sustainability Report today, Thursday, during a special event sponsored by KPC Chairman and CEO Sheikh Nawaf Al-Saud Al-Nasser Al-Sabah. The event was attended by senior executives from the oil and banking sectors, representatives from financial and investment institutions, and various stakeholders.
In a statement, the corporation said the event aimed to highlight the key results and achievements of KPC and its subsidiaries in the field of sustainability, while enhancing dialogue and communication with financial and investment institutions regarding their strategic directions and performance in this area. This aligns with the corporation’s commitment to reinforcing transparency and effective communication with stakeholders.
The report outlines the performance of KPC and its subsidiaries, as well as their efforts in environmental, social, and governance (ESG) areas, alongside several related topics, in accordance with the report’s preparation methodology and relevant standards.
The event shed light on the role of the Kuwaiti oil sector in balancing economic growth requirements with environmental and social responsibilities. It also highlighted KPC’s future vision for embedding sustainability principles across its operational activities and strategic decisions, thereby contributing to enhancing the resilience and competitiveness of its operations and creating long-term sustainable value for the State of Kuwait.
On this occasion, Badr Al-Attar, Managing Director of Planning and Finance at KPC, stated that the 2023–2025 Sustainability Report marks an important milestone in the corporation’s journey toward establishing sustainability as a fundamental element of its operations and long-term strategy.
Al-Attar added that the report reflects KPC’s commitment to transparency and strengthening communication with financial and investment institutions and stakeholders through disclosing its performance and achievements in environmental, social, and governance aspects. He emphasized that sustainability serves as a crucial pillar for supporting growth and creating sustainable value for Kuwait and future generations.
The event also featured an exhibition in which KPC and its subsidiaries showcased their key initiatives, projects, and success stories in the field of sustainability, demonstrating the contributions of the Kuwaiti oil sector to supporting sustainable development and its readiness to keep pace with future changes and challenges.
