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
SANAM Holding's first consolidated 2025 ESG report establishes baseline disclosure across 7 reporting entities in healthcare, education, real estate, industrial, and strategic investment platforms. Environmental performance is emerging, with strong subsidiary case studies (Abyan's 35% CO2 reduction and <2% waste; TIAC's 50% freshwater reduction via RAS) but no group-wide GHG inventory, targets, TCFD alignment, or external verification. Social disclosure is uneven — gender demographics and training hours are quantified, but occupational health & safety, supply chain ESG, community investment quantification, and SDG mapping remain materially weak. Governance shows solid Boursa Kuwait-aligned compliance infrastructure with PRI/UNGC alignment and three board committees, but only 20% board independence, 0% female directors, no formal materiality assessment, no external assurance, and no documented code of conduct or whistleblower mechanism. The report represents a credible baseline with a clear 2026 roadmap to expand environmental tracking, training standardization, and framework alignment.
Strengths
Strong subsidiary-level environmental case studies: Abyan's 35% CO2 reduction and <2% waste via 3D concrete printing, and TIAC's 50% freshwater reduction via Recirculating Aquaculture Systems demonstrate measurable impact
Solid governance foundation aligned with Boursa Kuwait requirements since 2004, with 100% management oversight, 100% internal controls, ~85% formal policies, Independent Internal Audit, and three board committees (Audit, Nomination & Remuneration, Risk)
Responsible investment orientation as PRI signatory and UNGC-aligned, with ESG integration explicitly embedded in investment philosophy through Active Ownership and Governance-Led Decision Making
Areas for Improvement
Establish group-wide GHG inventory (Scope 1, 2, 3) with baseline, targets, and external verification; develop TCFD-aligned climate risk disclosure with scenario analysis
Materially strengthen Social pillar by disclosing OHS metrics (LTIFR, TRIR, fatalities) particularly for construction and aquaculture subsidiaries, and establish supplier code of conduct with ESG screening and local procurement reporting
Develop formal ethics infrastructure including documented code of conduct, whistleblower mechanism, anti-corruption/AML policies, and ethics training metrics; improve board diversity (currently 0% female, 20% independent) and adopt formal materiality assessment with GRI/SASB content index and external assurance
Performance Overview
Subcategory Radar
14subcategories · 0–10
Pillar Contribution
of 31.32 total
31.3
Total
Environmental
11.76 / 40 · 37.5%
Social
7.41 / 30 · 23.7%
Governance
12.15 / 30 · 38.8%
Subcategory Treemap
Size = weight · Color = pillar
E12.5
Carbon Emissions Reduction · W:15
E23
Energy Efficiency & · W:10
E33
Climate Change Adaptation · W:10
S13
Community Investment & · W:10
G14
Transparency & ESG · W:10
S21
Workplace Well-being & · W:7
S34
Diversity, Inclusion & · W:7
G25
Compliance with ESG · W:7
S51.5
Sustainable Supply Chain · W:6
G44
Board Diversity & · W:6
E44
Water & Waste · W:5
G34.5
Sustainable Finance & · W:4
G51.5
Ethics & Anti-Corruption · W:3
Pillar Details
2.94
out of 10
Achievement29%
Contribution11.76 / 40
Weight40%
Subcategories4
E1
Carbon Emissions Reduction
2.5
/10
Weight: 15
25% achievement
E2
Energy Efficiency & Renewable Energy
3
/10
Weight: 10
30% achievement
E3
Climate Change Adaptation
3
/10
Weight: 10
30% achievement
E4
Water & Waste Management
4
/10
Weight: 5
40% achievement
Score Calculation
1
Pillar Scores
E: 2.94 S: 2.47 G: 4.05
Weighted averages (0\u201310)
→
2
Apply Weights
31.32
(2.94×4)+(2.47×3)+(4.05×3)
E:40% S:30% G:30%
→
3
R&C Deduction
−0.00
No controversies
→
4
Final Score
31.32
Range: 30–39.99
→
★
Rating
CCC
Mnakh Index Rating
ESG Activities
Activity Summary
1 activities in 2026
Environmental
0
Social
0
Governance
1
Counted once per programme · campaign articles counted individually · received recognitions excluded
Sanam Holding held its Ordinary General Assembly for the financial year ended 31 December 2025, with shareholder attendance of 67.97%. The assembly approved all agenda items, including the financial statements, board and governance reports, audit committee and external auditor reports, Sharia supervisory board report, legal and voluntary reserves, board remuneration, authorization for related-party transactions and share buyback/sale of up to 10% of shares, and appointment of the external auditor and Sharia supervisory board for FY2026.
