Zain Group

مجموعة زين
AA RatingTechnology & TelecomsPremier Market Telecommunications2025 AssessmentAA (stable)
www.zain.comLinkedInXInstagramYouTubeMSM v2.1· 154 Criteria
AA
Mnakh Rating
85.4
/ 100
Environmental30%
8.95
90% achievement · 4 subcategories
-0.05 vs 2024
Contributes 26.85 / 30
Social40%
8.15
82% achievement · 5 subcategories
▲+0.40 vs 2024
Contributes 32.6 / 40
Governance30%
8.65
87% achievement · 5 subcategories
▲+0.85 vs 2024
Contributes 25.95 / 30
AA · 85.4
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
#1 / 3
/ 3 · Technology & Telecoms
Overall Rank
#2
of 46 assessed
Strongest Pillar
E 8.95
Environmental · 90%
R&C Deduction
0.00
No controversies
Sector Peers — Technology & TelecomsTop 3 of 3
1
Zain Group
85.4
AA
2
Ooredoo Kuwait
74.8
A
3
stc Kuwait
74.7
A
Key Findings

Executive Summary

Zain demonstrates strong ESG performance across most dimensions, with particular excellence in environmental management through SBTi-approved net-zero targets, comprehensive emissions reporting, and significant carbon reductions. The company maintains robust governance frameworks with extensive transparency, regulatory compliance certifications, and comprehensive ethics programs. Social performance is solid with substantial community investment, comprehensive training programs, and systematic supply chain sustainability, though workplace safety metrics and board diversity present improvement opportunities.

Year-over-Year Analysis

vs 2024

Zain maintained strong ESG performance in 2025 with continued excellence in environmental management and governance transparency. The company sustained its leadership in carbon management while strengthening compliance frameworks through ISO 37301 certifications. Social performance remained stable with continued community investment and training programs, though some areas showed modest declines from 2024 levels.

Environmental

Environmental pillar remained strong with E1 maintaining excellence at 9.5, while E2 declined from 8.5 to 7.5 and E3 decreased from 9 to 8.5. E4 showed significant improvement from 8 to 6, reflecting enhanced focus on waste and water management baseline establishment.

Social

Social pillar showed mixed performance with S1 maintaining 7.5, S2 declining from 8 to 6, S3 declining from 7.5 to 6, S4 declining from 8 to 7, while S5 improved from 8.5 to 7. Overall social performance reflected continued community investment but challenges in workplace safety and diversity advancement.

Governance

Governance pillar remained stable with G1 maintaining 9, G2 declining slightly from 9 to 8.5, G3 declining from 7 to 6, G4 declining from 5 to 4, and G5 declining from 9 to 8. The pillar maintained strong transparency and compliance while facing challenges in board composition and sustainable finance integration.

Key Improvements
E4 waste and water management baseline establishment with comprehensive policy frameworks and initial measurement systems
G2 regulatory compliance strengthened through ISO 37301 certifications in Kuwait and Bahrain operations
Key Regressions
E2 energy management declined from 8.5 to 7.5 despite renewable energy deployment progress
S2 workplace safety declined from 8 to 6 with reduced focus on occupational health metrics
G4 board composition declined from 5 to 4 with continued lack of diversity progress
Outlook

Zain is well-positioned to maintain ESG leadership through continued environmental excellence and governance transparency. Key focus areas for 2026 should include advancing board diversity, enhancing workplace safety metrics, and developing comprehensive sustainable finance products to support long-term value creation.

Strengths

Industry-leading carbon management with SBTi-approved net-zero targets, 11.37% emissions reduction, and comprehensive Scope 1-3 external assurance
Comprehensive ESG reporting with multi-framework implementation (GRI, SASB, TCFD) and extensive Ernst & Young external assurance
Strong regulatory compliance with ISO 37301 certifications and zero violations across corruption, data breaches, and discrimination

Areas for Improvement

Board diversity with 0% female representation and limited independence (20%) despite proper governance structures
Workplace safety metrics lacking specific occupational health indicators like LTIFR and third-party safety certifications
Sustainable finance integration requiring enhanced green bonds, ESG-linked financing, and systematic investment screening
Performance Overview
Subcategory Radar
14subcategories · 0–10
E1E2E3E4S1S2S3S4S5G1G2G3G4G5
20252024
Pillar Contribution
of 85.40 total
85.4
Total
Environmental
26.85 / 30 · 31.4%
Social
32.6 / 40 · 38.2%
Governance
25.95 / 30 · 30.4%
Subcategory Treemap
Size = weight · Color = pillar
E110
Carbon Emissions Reduction · W:12
S19
Community Investment & · W:12
S38
Diversity, Inclusion & · W:12
E27.5
Energy Efficiency & · W:9
G19.5
Transparency & ESG · W:9
S27
Workplace Well-being & · W:8
E310
Climate Change Adaptation · W:6
G29.5
Compliance with ESG · W:6
G38.5
Sustainable Finance & · W:6
G46.5
Board Diversity & · W:6
S48
Education & Sustainability · W:4
S58.5
Sustainable Supply Chain · W:4
E47
Water & Waste · W:3
G59
Ethics & Anti-Corruption · W:3
Pillar Details
8.95
out of 10
Achievement90%
Contribution26.85 / 30
Weight30%
Subcategories4
E1Verified
Carbon Emissions Reduction
10
▲+0.5 vs 2024
/10
Weight: 12
100% achievement
E2
Energy Efficiency & Renewable Energy
7.5
-1.0 vs 2024
/10
Weight: 9
75% achievement
E3Verified
Climate Change Adaptation
10
▲+1.0 vs 2024
/10
Weight: 6
100% achievement
E4
Water & Waste Management
7
-1.0 vs 2024
/10
Weight: 3
70% achievement
Score Calculation
1
Pillar Scores
E: 8.95
S: 8.15
G: 8.65
Weighted averages (0\u201310)
2
Apply Weights
85.40
(8.95×3)+(8.15×4)+(8.65×3)
E:30% S:40% G:30%
3
R&C Deduction
0.00
No controversies
4
Final Score
85.40
Range: 80–89.99
Rating
AA
Mnakh Index Rating
ESG Activities
Activity Summary
45 activities in 2026
Environmental
3
Social
39
Governance
3

Recent Activities

View all →
GG2G516 Aug 2026

Zain Supports CITRA 'Arqami' Telecom Line Transparency Service on Sahel App

Zain Group collaborated with the Communications and Information Technology Regulatory Authority (CITRA) to support the launch of the 'Arqami' service on Sahel, Kuwait's unified government e-services application, announced on 16 August 2026. The service allows citizens and residents to view all mobile and telecommunications lines registered under their names across operators and to identify unknown or unused lines. Zain states the initiative supports customer data accuracy, privacy protection and transparency in the telecom sector; no participation figures or measurable outcomes were disclosed.

Communications and Information Technology Regulatory Authority (CITRA), Sahel
SS4S112 Aug 2026

Zain Concludes Seventh Summer Internship Program for 30 Kuwaiti Trainees

Zain Group concluded the seventh season of its Summer Program on 12 August 2026, a five-week field internship that placed 30 university students and fresh graduates across 22 Zain stores in Kuwait. The program drew more than 2,400 applicants, of whom over 600 eligible candidates were interviewed, and included orientation sessions, workshops delivered by INJAZ Kuwait, an artificial intelligence skills workshop, and a final team challenge covering digital skills, sustainability, youth empowerment, and digital responsibility. A closing ceremony was held at the company's Shuwaikh headquarters to recognise participants and outstanding trainees.

30 Trainees completing program22 Zain stores hosting trainees5 weeks Program duration
INJAZ Kuwait
SS4S111 Aug 2026

Zain Concludes Fourth Innovation Nation STEM Summer Camp for 2,560 Children

Zain Group, in partnership with the Sabah Al-Ahmad Center for Giftedness and Creativity (SACGC), a Kuwait Foundation for the Advancement of Sciences (KFAS) center, concluded the fourth season of the Innovation Nation Summer Camp on 11 August 2026, with 2,560 children participating. The camp ran at Assima Mall for nine days with more than 1,175 participants and at The Avenues for ten days with more than 1,390 participants, delivering hands-on STEM workshops in robotics, artificial intelligence, coding, augmented reality, 3D printing, electronics, and energy storage. Zain has run the program for four consecutive years as part of its youth education and digital skills development activity.

2,560 Total children participating1,175+ over 9 days Participants at Assima Mall1,390+ over 10 days Participants at The Avenues
Sabah Al-Ahmad Center for Giftedness and Creativity (SACGC), Kuwait Foundation for the Advancement of Sciences (KFAS)
SS4S12 Aug 2026

Zain Participates in INJAZ Kuwait Internship Fair to Promote Youth Training

Zain Group participated in INJAZ Kuwait's annual Internship Fair on 2 August 2026, introducing university students and fresh graduates to training and workplace-skills opportunities in the telecom and technology sector. Zain presented internship placements offered through its Future University Network (FUN) Program, launched in 2008, which provides part-time placements with a monthly financial incentive, workshops, a summer branch placement program, and FUN Talks sessions with entrepreneurs. The participation forms part of a strategic partnership with INJAZ Kuwait spanning more than two decades.

2008 FUN Program launch yearMore than two decades Duration of partnership with INJAZ KuwaitPart-time placements with monthly financial incentive Internship support
INJAZ Kuwait
SS430 Jul 2026

Zain Holds Leadership and Innovation Development Workshop for Employees

Zain Group held a two-day internal leadership development workshop titled "Leading a Culture of Innovation: Scaling Leadership Impact" at the Zain Innovation Campus (ZINC) in Kuwait, announced on 30 July 2026. The session was delivered by leadership and organizational culture expert Warren Cass under Zain's strategic partnership with ALGAS Events, and covered innovation leadership, team building, and organizational change management. The number of participating leaders and training hours delivered were not disclosed.

2 days Workshop durationNot disclosed Participants
ALGAS Events, Warren Cass
Methodology: MSM v2.1 · 154 CriteriaAssessment: 2025Weights: E:30% · S:40% · G:30%