Who We Are
Mnakh is Kuwait’s first and only dedicated ESG rating authority — a national initiative advancing sustainability performance through a standardised, data-driven evaluation framework.
We provide objective, independent assessments of corporate practices across Environmental, Social, and Governance (ESG) dimensions for companies listed on Boursa Kuwait. At our core is the Mnakh Sustainability Methodology (MSM) — an AI-powered evaluation system developed in alignment with globally recognised standards including GRI, SASB, TCFD, and the MSCI ESG Index.
Mnakh was founded to fill a critical gap: international ESG providers cover only Kuwait’s largest-cap names, leaving the majority of the market unrated. We were built specifically for this — with local expertise, Arabic-language disclosure sourcing, and comprehensive Boursa Kuwait coverage.
By creating a credible, publicly accessible ESG index, Mnakh fosters transparency, accountability, and healthy competition across Kuwait’s corporate ecosystem.
Kuwait’s CMA mandated ESG disclosure for Boursa Kuwait-listed companies in 2023 — yet fewer than 12% publish structured, comparable sustainability data. International providers only cover the top-cap names, leaving most of the market unrated.
170+
Listed companies on Boursa Kuwait
<12%
With structured ESG data
2023
CMA ESG mandate in effect
34+
Companies rated by Mnakh
One platform. Three pillars.
Mnakh evaluates corporate practices across Environmental, Social, and Governance dimensions using a rigorous, evidence-based methodology.
Environmental
Carbon emissions, energy use, resource efficiency, and climate adaptation.
Social
Community investment, diversity, employee well-being, and supply chain.
Governance
Transparency, board structure, ethics, and regulatory compliance.
Who We Serve
Investors
Screen and compare ESG performance across Kuwait’s listed market for portfolio construction and risk management.
Corporates
Benchmark against peers, identify performance gaps, and track year-over-year ESG progress.
Regulators
Monitor sector-wide ESG disclosure quality and identify market-wide improvement priorities.
Sustainability Professionals
Access structured, evidence-linked ESG data with full methodology transparency.
Vision
To establish Mnakh as the national benchmark for sustainability performance, empowering Kuwait’s companies to lead responsibly and create lasting impact.
Mission
To foster healthy competition among Kuwait’s companies to advance sustainability, support their communities, and shape a better future — through credible, independent, and transparent ESG ratings.
Our Values
Independence
No advisory services to rated entities. Revenue isolated from outcomes.
Transparency
Methodology, criteria, and scores are publicly available to all.
Rigor
154 criteria, AI-assisted, evidence-based scoring across 14 subcategories.
Local Expertise
Arabic-language sourcing. Built specifically for Boursa Kuwait.