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Responsible Banking
Responsible
Banking
Core to 'Responsible Banking' is our ambition to drive the transition to a sustainable and resilient economy, while becoming a role model in our own transformation. It outlines NBK’s approach for supporting the net-zero transition by channeling capital into the low-carbon economy and minimizing our environmental impact.
Our Path to Carbon Neutrality
NBK Aims to Become
Carbon Neutral By 2060
Between now and then, NBK aims to cultivate a diverse and equitable economy by offering a wide array of sustainable finance solutions, aiding our clients in transitioning to a carbon-neutral economy. We have set an interim target to reduce gross operational emissions by 25% by 2025 and aim at developing scientifically aligned, realistic and measurable targets to minimize the greenhouse gas emissions associated with our operational and financing activities. In 2024, NBK joined the Partnership for Carbon Accounting Financials which provides financial institutions with globally harmonized methodologies for measuring financed emissions.
Sustainable Finance
Sustainable Finance Instruments
In 2022, NBK established its first Sustainable Financing Framework to support the issuance of Green, Social, and Sustainable Financing Instruments. In 2026, NBK published a new Framework that received an “Excellent” Second-Party Opinion rating from Sustainable Fitch. The new Framework strengthens the Bank’s alignment with global best practices and reflects evolving sustainable finance market developments.
Sustainable Financing Products
Eco-friendly
Auto Loan
Eco-friendly Auto Loan from NBK provides our consumers with eco-conscious alternatives by encouraging the switch to electric or hybrid vehicles. This unique offering promotes clean transportation as well as supports pollution prevention; thereby maintaining an eco-friendly environment.
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Eco-friendly
Housing Loan
Eco-friendly Housing Loan from NBK prioritizes eco-conscious living. This housing loan is designed to incentivize and support sustainable housing initiatives, promoting energy-efficient construction, as well as low-impact materials and design principles.
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Climate Risk Management
NBK is strongly committed to robust climate risk management as a core pillar of our ESG Strategy. NBK strives to mitigate climate risks while supporting the transition to a lower carbon economy. Our approach includes integrating ESG considerations into our risk management framework and ensuring climate risks are assessed alongside traditional financial risks, governed by dedicated committees to foster accountability and guide implementation. NBK aligns its activities with global sustainability initiatives like TCFD and PCAF, while safeguarding long-term value for our stakeholders and shareholders.
Read ReportDirect Operational
Impact
Scope 1
Direct combustion of fuels as well as fugitive emissions from refrigerants and fertilizers of NBK in Kuwait only.
Scope 2
Location based purchased electricity for all NBK premises inside Kuwait.
Scope 3
Indirect emissions from business travel as well as waste generated and recycled of NBK in Kuwait only.
Direct Operational
Impact
Scope 1
Direct combustion of fuels as well as fugitive emissions from refrigerants and fertilizers of NBK in Kuwait only.
Scope 2
Location based purchased electricity for all NBK premises inside Kuwait.
Scope 3
Indirect emissions from business travel as well as waste generated and recycled of NBK in Kuwait only.
25% Reduction By 2025
NBK committed to reducing gross operational emissions by 25% by 2025 compared to 2021 baseline year.
GHG Emissions Highlights - 2025 compared to 2021:
37.4%
reduction in operational GHG emissions
37.6%
reduction in emissions intensity
38.9%
reduction in overall scope 2 emissions
Responsible Procurement
Sourcing Responsibly
A sustainable, ethical supply chain is a key component of reducing our environmental impact along the value chain. Responsible procurement emphasizes NBK’s commitment to establishing responsible business conduct and sustainable and balanced relationships with our suppliers and service providers, while delivering on our ESG ambitions in a timely, cost-efficient, and resource-efficient manner.
NBK acknowledges the risks involved in our collaboration with suppliers, and to handle these challenges we are working closely with our suppliers and service providers to mitigate ESG-related risks and capitalize on opportunities.
Human Rights Statement >
Supplier Code of Conduct Declaration >
Sustainable Procurement Strategy Framework >