Sector Peers — Real Estate & ConstructionTop 5 of 6
1
MabaneeMabanee
77.7
A+
2
The Commercial Real EstateAlTijaria
70.0
BBB
3
United Real EstateURC
67.4
BBB
4
Kuwait Real EstateAqarat
54.2
BB
5
Salhia Real EstateSalhia
44.5
B
Key Findings
Executive Summary
Salhia Real Estate's first standalone sustainability report (FY2025) demonstrates a credible foundational ESG framework anchored in GRI Standards, the Boursa Kuwait ESG Reporting Guide, and CMA Circular No. 4 of 2025, with particularly strong governance disclosure across regulatory compliance, board structure, and ethics. The company established an initial Scope 1 and 2 carbon baseline for its two key assets using recognized methodologies (GHG Protocol, ISO 14064-1) and documents practical energy-efficiency measures, but environmental performance is limited by single-year data, no Scope 3, zero renewables, and no quantitative water/waste metrics or targets. Social disclosure is strong on workforce demographics, Kuwaitization, and a broad portfolio of community initiatives, yet female representation is very low (16 of 251 employees, 0% on the board) and safety performance metrics are entirely absent. Governance is the company's clear strength, with comprehensive compliance, committee, evaluation, and ethics/whistleblowing frameworks overseen by an Audit Committee and external auditor. As a first-year reporter, Salhia has built a solid baseline but lacks external assurance, multi-year trends, quantitative targets, and diversity progress across nearly all pillars.
Strengths
Strong governance foundation: full regulatory compliance (CMA Resolution 72/2015, AML, Companies Law, Environment Law) with a defined compliance function, external auditor oversight, three board committees with charters, annual evaluations, and a comprehensive ethics/whistleblowing framework
Credible first-year carbon baseline using recognized methodologies (GHG Protocol, ISO 14064-1:2019, IPCC, DEFRA) with Scope 1 and 2 emissions and a per-employee intensity metric for both major assets
Broad, structured community engagement with 30+ partnered initiatives across health, education, culture, and humanitarian fields, plus transparent workforce demographic, nationality, and Kuwaitization disclosure
Areas for Improvement
Add quantitative performance data and targets across environmental metrics — Scope 3 emissions, water consumption/intensity, waste tonnage/diversion rates, energy intensity, renewable energy adoption, and time-bound reduction targets
Strengthen diversity and safety outcomes: increase female representation (currently 16 of 251 employees and 0% on the board), set diversity targets, and disclose OHS performance metrics (LTIFR, TRIR, injuries) which are currently marked 'Not applicable'
Pursue external assurance, multi-year trend reporting, and TCFD-aligned climate disclosure (scenario analysis, quantified financial impacts) to elevate reporting maturity beyond the first-year baseline
Salhia Donates USD 1 Million to Kuwait Emergency Response Fund
Salhia Real Estate announced a USD 1 million contribution to the Kuwait Emergency Response Fund on 16 July 2026 to support national disaster preparedness and infrastructure recovery efforts. The donation is directed toward funding vital projects and services following damage to Kuwait's infrastructure, with the named recipient being the state-managed emergency fund.
