Burgan Bank

بنك برقان
A RatingFinancial ServicesPremier Market Banking2025 AssessmentAA → A
www.burgan.comMSM v2.1 · 154 Criteria
A
Mnakh Rating
73.1
/ 100
Environmental20%
7.50
75% achievement · 4 subcategories
▼-1.00 vs 2024
Contributes 15 / 20
Social30%
7.45
75% achievement · 5 subcategories
▼-0.65 vs 2024
Contributes 22.35 / 30
Governance50%
7.15
72% achievement · 5 subcategories
▼-1.15 vs 2024
Contributes 35.75 / 50
A · 73.1
CC
0–29.99
CCC
30–39.99
B
40–49.99
BB
50–59.99
BBB
60–69.99
A
70–79.99
AA
80–89.99
AAA
90–100
Sector Rank
#3 / 21
/ 21 · Financial Services
Overall Rank
#5
of 46 assessed
Strongest Pillar
E 7.50
Environmental · 75%
R&C Deduction
0.00
No controversies
Sector Peers — Financial ServicesTop 5 of 21
1
National Bank of Kuwait
87.8
AA+
2
Kuwait Finance House
82.7
AA
3
Burgan Bank
82.3
AA
4
Boursa Kuwait
81.9
AA
5
Boubyan Bank
80.2
AA
Key Findings

Executive Summary

Burgan Bank demonstrates solid ESG performance across all three pillars, with particular strength in governance and sustainable finance practices. The bank has established comprehensive climate risk management frameworks, maintains strong regulatory compliance with zero significant violations, and shows commitment to diversity and community investment. While the bank has made notable progress in areas such as waste management and employee development, opportunities remain for enhancement in renewable energy adoption, external assurance of sustainability reporting, and board gender diversity.

Year-over-Year Analysis

vs 2024

Burgan Bank's ESG performance shows mixed results compared to 2024, with notable improvements in specific areas offset by declines in others. The Environmental pillar experienced the most significant changes, while Social and Governance pillars showed more moderate adjustments. The bank's continued focus on climate risk management and sustainable finance integration demonstrates sustained commitment to ESG advancement.

Environmental

Environmental performance declined from 2024 levels, primarily due to reduced scores in E1 and E2. While the bank maintained comprehensive GHG reporting and climate risk frameworks, the lack of formal SBTi commitment and limited renewable energy progress impacted carbon and energy scores.

Social

Social performance remained relatively stable with slight improvements in community investment and employee development. S1 declined from exceptional levels while S4 improved significantly, reflecting enhanced training programs and strategic partnerships.

Governance

Governance performance showed moderate decline from 2024's strong levels, primarily due to reduced scores in G1, G2, and G4. The bank maintained strong ethics practices and sustainable finance integration while facing challenges in reporting assurance and board composition.

Key Improvements
S4 improved from 8.5 to 7.0 due to doubled training hours per employee (65 vs 33) and enhanced leadership development programs including prestigious global partnerships
Waste management performance significantly enhanced with recycling volumes increasing from 4 MT to 91 MT, supporting E4 maintenance despite increased water consumption
Key Regressions
E1 declined from 8.5 to 7.5 due to lack of formal SBTi commitment and third-party verification despite comprehensive GHG reporting and science-aligned targets
E2 decreased from 8.5 to 6.5 as renewable energy remains minimal percentage of consumption despite 716% increase in solar generation
S1 reduced from 9.0 to 7.5 reflecting normalization from exceptional 2024 performance while maintaining strong community investment levels
G1 dropped from 8.0 to 6.5 primarily due to continued absence of external assurance for sustainability reporting
Outlook

Burgan Bank is well-positioned for continued ESG advancement with strong foundational frameworks in place. Key focus areas should include renewable energy expansion, external reporting assurance, and board diversity enhancement to restore previous performance levels and achieve sector leadership.

Strengths

Comprehensive climate risk management with TCFD-aligned scenario analysis integrated across 100% of portfolio and systematic ESG screening covering 69% of corporate lending
Strong governance framework with zero corruption cases, 100% ethics training completion, and robust regulatory compliance across multiple jurisdictions
Strategic community investment with KD 1 million annual spending, clear SDG alignment, and quantified program outcomes including 175 startup registrations through NEXUS platform

Areas for Improvement

Expand renewable energy adoption beyond current 0.8% of total consumption and establish formal energy reduction targets with specific timelines
Obtain external assurance for sustainability reporting to enhance credibility and transparency of ESG disclosures
Improve board gender diversity from current 14% representation and develop comprehensive ESG supplier assessment frameworks with formal codes of conduct
Performance Overview
Subcategory Radar
14 subcategories · 0–10
E1E2E3E4S1S2S3S4S5G1G2G3G4G5
20252024
Pillar Contribution
of 73.10 total
73.1
Total
Environmental
15 / 20 · 20.5%
Social
22.35 / 30 · 30.6%
Governance
35.75 / 50 · 48.9%
Subcategory Treemap
Size = weight · Color = pillar
G17.5
Transparency & ESG · W:15
G27
Compliance with ESG · W:10
G37
Sustainable Finance & · W:10
G46.5
Board Diversity & · W:10
S17.5
Community Investment & · W:9
S38
Diversity, Inclusion & · W:9
E17.5
Carbon Emissions Reduction · W:8
E27
Energy Efficiency & · W:6
S27
Workplace Well-being & · W:6
G58
Ethics & Anti-Corruption · W:5
E38
Climate Change Adaptation · W:4
S47.5
Education & Sustainability · W:3
S56.5
Sustainable Supply Chain · W:3
E48
Water & Waste · W:2
Pillar Details
7.50
out of 10
Achievement75%
Contribution15 / 20
Weight20%
Subcategories4
E1
Carbon Emissions Reduction
7.5
▼-1.0 vs 2024
/10
Weight: 8
75% achievement
E2
Energy Efficiency & Renewable Energy
7
▼-1.5 vs 2024
/10
Weight: 6
70% achievement
E3Verified
Climate Change Adaptation
8
▼-1.0 vs 2024
/10
Weight: 4
80% achievement
E4Verified
Water & Waste Management
8
▲+1.0 vs 2024
/10
Weight: 2
80% achievement
Score Calculation
1
Pillar Scores
E: 7.50
S: 7.45
G: 7.15
Weighted averages (0\u201310)
2
Apply Weights
73.10
(7.50×2)+(7.45×3)+(7.15×5)
E:20% S:30% G:50%
3
R&C Deduction
−0.00
No controversies
4
Final Score
73.10
Range: 70–79.99
★
Rating
A
Mnakh Index Rating
ESG Activities
Activity Summary
17 activities in 2026
Environmental
1
Social
13
Governance
3

Counted once per program · Mnakh-verified distinct deliveries counted separately · third-party records excluded

Recent Activities

View all →
SS4S1S313 Oct 2026

Burgan Delivers Financial Literacy Workshops to Academy X Students at AUK

Burgan Bank concluded a series of interactive financial and banking literacy workshops for female students of the Academy X program, held at the American University of Kuwait for the second consecutive year in partnership with CODED Academy. More than 1,000 students received training on income, spending and savings management, safe use of digital banking services, and protection against financial fraud, phishing and identity theft. The workshops were delivered in support of the Central Bank of Kuwait's "Let's Be Aware" (Diraya) banking awareness campaign, run with the Kuwait Banking Association, and concluded on 14 October 2026.

More than 1,000 Female students reached2nd Consecutive years of deliveryAmerican University of Kuwait (AUK) Workshop venue
CODED Academy, American University of Kuwait (AUK), Central Bank of Kuwait, Kuwait Banking Association
SS1S412 Oct 2026

Burgan Holds Annual Blood Donation Drive with Central Blood Bank

Burgan Bank organized its annual blood donation campaign at its headquarters on 13 October 2026 in cooperation with the Central Blood Bank, with participation from employees, their families and Boursa Kuwait staff. The drive responded to a Central Blood Bank appeal for all blood types in support of national strategic blood reserves. Donors also received financial literacy and fraud-prevention messages from the "Let's Be Aware" (Diraya) campaign run by the Central Bank of Kuwait and the Kuwait Banking Association.

Burgan employees, their families, Boursa Kuwait staff Participating groupsAnnual campaign Recurrence
Central Blood Bank, Boursa Kuwait, Central Bank of Kuwait, Kuwait Banking Association
GG18 Oct 2026

Burgan Obtains MEIRA Gold Standard Investor Relations Certification

Burgan Bank obtained the 2026 Gold Standard certification from the Middle East Investor Relations Association (MEIRA), an independent assessment of listed companies' investor relations programmes launched in its first edition in 2026. Burgan cited its dedicated investor relations website providing access to financial results, investor presentations, annual reports and regulatory disclosures, alongside a dedicated investor relations mobile application launched in the previous year. The bank stated the certification reflects its approach to disclosure quality and two-way communication with shareholders, investors and analysts.

MEIRA Gold Standard 2026 CertificationFirst edition (2026) Certification editionDedicated IR website and IR mobile application Digital IR channels cited
Middle East Investor Relations Association (MEIRA)
SS3S429 Sept 2026

Burgan Concludes Academy X 2026 with CODED Academy

Burgan Bank marked the conclusion of the 'Academy X 2026' program, delivered in partnership with CODED Academy for the second consecutive year. The program is described as supporting youth, empowering women, and investing in future skills, though the announcement does not specify participant numbers or program content.

CODED Academy
SS1S412 Sept 2026

Burgan Hosts First Aid and CPR Awareness Workshop for Students

Burgan Bank organized a first aid and CPR awareness workshop for high school students in partnership with Kuwait Hospital and the American United School in Kuwait (AUS), coinciding with World First Aid Day. Medical staff from Kuwait Hospital provided theoretical and practical training on basic first aid and CPR techniques, and participating students received certificates upon completion. Burgan also used the session to raise awareness of the Central Bank of Kuwait's financial literacy campaign.

Kuwait Hospital, American United School in Kuwait (AUS)
Methodology: MSM v2.1 · 154 CriteriaAssessment: 2025Weights: E:20% · S:30% · G:50%