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Jordan Kuwait Bank Issues its Fourth Sustainability Report

Jordan Kuwait Bank recently issued its fourth sustainability report, in accordance with the standards and guidelines set by the Global Reporting Initiative (GRI),

Jordan Kuwait Bank recently issued its fourth sustainability report, in accordance with the standards and guidelines set by the Global Reporting Initiative (GRI), the United Nations Sustainable Development Goals 2030 (SDGs), Jordan's Vision 2025 national plan, and the Green Finance Strategy launched by the Central Bank of Jordan for the period 2023-2028.

In pursuit of sustainability, Jordan Kuwait Bank has introduced various initiatives with specific goals, including reducing greenhouse gas emissions and contributing to social and economic development. These initiatives also aim to foster collaboration between governments, companies, and civil society.

Commenting on the release of the report, Haethum Buttikhi, the CEO of Jordan Kuwait Bank, stated, "We are proud to issue our fourth sustainability report, which represents a testament to our ongoing efforts to integrate sustainability practices into our core operations and activities. Sustainability is not merely a moral commitment but a strategic imperative for ensuring long-term growth and prosperity.”

Buttikhi noted that the bank has made significant strides in its sustainability efforts, notably by becoming the first bank in Jordan to issue a green bond in collaboration with the International Finance Corporation in 2023. He underscored the importance of this milestone for both the bank and the wider Jordanian society, as it facilitates financing for Jordan's transition to a green economy.

Additionally, Buttikhi highlighted the bank's commitment to addressing water scarcity challenges in Jordan by financing four wastewater treatment projects, aiming to increase water security locally.

This sustainability report offers a more comprehensive view than those published previously, showcasing the bank's performance across economic, environmental, social, and governance areas. It reaffirms the bank's dedication to fostering sustainable growth by embedding responsible strategies into its banking operations and services, aimed at benefiting stakeholders such as investors, customers, and employees.