Boubyan Bank demonstrates strong ESG performance across most dimensions, particularly excelling in environmental management and ethical practices. The bank achieved remarkable carbon emissions reductions of 69.47% in 2024, with total GHG emissions falling to 7,704.43 tCO2e, while maintaining robust community investments of KD 946,725 and comprehensive anti-corruption training for 99.9% of employees. However, the bank faces challenges in gender diversity with no female board directors and women holding only 16.9% of junior management positions, alongside limited water and waste management data disclosure.
Strengths
Exceptional carbon footprint reduction with 69.47% decrease in total GHG emissions to 7,704.43 tCO2e in 2024, driven by 47.14% reduction in electricity consumption and expansion of Scope 1 coverage from 9 to 40 locations. BLME's use of 100% renewable electricity and the new headquarters exceeding ASHRAE 2016 standards demonstrate strong environmental commitment.
Comprehensive community investment program totaling KD 946,725, supporting construction of 1,568 low-income houses valued at KD 127 million and infrastructure projects including 10 electrical substations. The bank's diverse CSR initiatives span financial literacy, youth empowerment, and health campaigns like Boubyan Steps and WHOOP Showdown fitness challenge.
Robust ethics and compliance framework with 99.9% of employees receiving anti-corruption training through 37 AML and CFT sessions, introduction of Anti-Bribery and Anti-Corruption Policy in 2024, and zero confirmed incidents of corruption or data breaches. Strong regulatory compliance with no fines or sanctions reported across CBK and UK FCA/PRA jurisdictions.
Areas for Improvement
Gender diversity requires significant improvement with zero female board directors and women representing only 16.9% of junior management and 11.84% of middle management positions. Despite having senior female leaders in key roles like Chief Internal Auditor and Chief Compliance Officer, the bank lacks formal targets for women in management positions.
Water and waste management disclosure is limited with minimal data on water consumption targets and waste disposal methods. While the bank achieved 100% paper waste recycling and 30% reduction in paper waste, comprehensive water usage metrics and hazardous waste management data are not available, indicating gaps in environmental reporting.
Board governance structure needs enhancement with remuneration policies not currently linked to ESG performance and shareholders holding 10% voting rights unable to requisition Extraordinary General Meetings. Limited disclosure on cross-board membership and cross-shareholding relationships also reduces transparency in governance practices.
Performance Overview
Subcategory Radar
14 subcategories · 0–10
20242023
Pillar Contribution
of 80.15 total
80.2
Total
Environmental
17.5 / 20 · 21.8%
Social
23.4 / 30 · 29.2%
Governance
39.75 / 50 · 49.6%
Subcategory Treemap
Size = weight · Color = pillar
G18.5
Transparency & ESG · W:15
G28
Compliance with ESG · W:10
G38.5
Sustainable Finance & · W:10
G46
Board Diversity & · W:10
S19
Community Investment & · W:9
S36.5
Diversity, Inclusion & · W:9
E19.5
Carbon Emissions Reduction · W:8
E29
Energy Efficiency & · W:6
S28
Workplace Well-being & · W:6
G59
Ethics & Anti-Corruption · W:5
E38.5
Climate Change Adaptation · W:4
S48.5
Education & Sustainability · W:3
S57
Sustainable Supply Chain · W:3
E46
Water & Waste · W:2
Pillar Details
8.75
out of 10
Achievement88%
Contribution17.5 / 20
Weight20%
Subcategories4
E1Verified
Carbon Emissions Reduction
9.5
▲+6.0 vs 2023
/10
Weight: 8
95% achievement
E2Verified
Energy Efficiency & Renewable Energy
9
▲+1.5 vs 2023
/10
Weight: 6
90% achievement
E3Verified
Climate Change Adaptation
8.5
▲+2.0 vs 2023
/10
Weight: 4
85% achievement
E4
Water & Waste Management
6
▼-1.0 vs 2023
/10
Weight: 2
60% achievement
Score Calculation
1
Pillar Scores
E: 8.75 S: 7.80 G: 7.95
Weighted averages (0\u201310)
→
2
Apply Weights
80.65
(8.75×2)+(7.80×3)+(7.95×5)
E:20% S:30% G:50%
→
3
R&C Deduction
−0.50
Controversies applied
→
4
Final Score
80.15
Range: 80–84.99
→
★
Rating
AA
Mnakh Index Rating
ESG Activities
Activity Summary
19 activities in 2026
Environmental
0
Social
16
Governance
3
Counted once per program · Mnakh-verified distinct deliveries counted separately · third-party records excluded
Boubyan Delivers Financial Literacy Training with Capital Markets Academy
Boubyan Bank co-delivered a "Financial Literacy" training programme organised by the Capital Markets Academy – Kuwait, under a memorandum of understanding between the two parties. The session was presented by Boubyan's Head of Wealth and Investment and covered budgeting and saving, management of personal accounts and credit cards, setting financial goals, banking and investment products, and the risk-return relationship. No participant numbers or programme dates were disclosed in the announcement.
20+ years in financial and banking sector Trainer professional experience
Capital Markets Academy – Kuwait (Capital Markets Authority)
SS430 Sept 2026
Boubyan Issues Public Fraud Awareness Guidance on Fake Investment Ads
Boubyan Bank published public awareness guidance on financial fraud carried out through fake investment advertisements on digital and social media channels, as part of its support for the "Let's Be Aware" financial and security awareness campaign. The guidance advises the public to verify the identity and licensing of advertising entities through official regulatory websites, avoid transfers to unknown or personal accounts, and never share passwords, OTP codes, or card and account data. No beneficiary numbers or campaign partners were disclosed in the announcement.
SS4S129 Sept 2026
Boubyan Concludes Field Training for Students Under Minors Authority Care
Boubyan Bank concluded its summer field training program for university and institute students under the care of the Public Authority for Minors Affairs, delivered within the "Badir Wiyana" project. Participants were placed across the bank's channels for practical banking tasks aimed at building professional and personal skills, in the fourth consecutive year of the partnership. The Authority held a closing ceremony under the patronage of the Minister of Justice, at which participating entities including Boubyan were acknowledged.
4th year Consecutive years of partnershipUniversity and institute students under Minors Affairs Authority care Participant group
Public Authority for Minors Affairs, Ministry of Justice
SS4S113 Sept 2026
Boubyan Concludes Summer Training Program for 40 Secondary School Students
Boubyan Bank concluded its "Boubyan Explorer" summer training program, delivered through its PRIME Academy, with 40 secondary school students aged 16 to 18 over a ten-day period. Participants took part in interactive sessions, field visits, meetings with bank staff and a dialogue session with Kuwaiti entrepreneur Khaled Al-Otaibi, founder of Talabat, and presented team proposals on service development and customer experience to bank executives at the closing stage.
40 Student participants16–18 years Participant age range10 days Program duration
SS4S11 Sept 2026
Boubyan Trains Abdullah Al-Salem University Faculty in AI and Cybersecurity
Boubyan Bank delivered a series of specialised training workshops for academic and teaching staff at Abdullah Al-Salem University under its strategic partnership with the university and its exclusive sponsorship of the university's Innovation Centre. The programme covered four tracks: artificial intelligence and academic productivity, computational thinking and data analytics, automation and digital innovation, and cybersecurity and business continuity, with the closing session delivered by Boubyan's Senior Manager of Information Security. The announcement does not state the workshop dates or the number of faculty members trained.