Social Responsibility

Sustainability & ESG

The Importance of Sustainability - Environmental, Societal and Governance:

Al-Tijaria is committed to achieving sustainability and operational excellence by implementing responsible business practices that comply with global standards and local regulations. Our commitment to ESG principles includes aligning these principles with our core strategies to ensure sustainable growth and mitigate risks associated with environmental and social factors. Recognizing the importance of ESG to our stakeholders, including employees, clients, and the community, we integrate these principles into our operations.

Our ESG policy reflects our dedication to environmental stewardship, social responsibility, and ethical governance, fostering long-term value for all stakeholders.

Purpose of the Sustainability Policy - Environmental, Social and Governance:

Our ESG policy aims to standardize our approach to managing environmental, social, and governance concerns. This policy guides our strategies and tactics, ensuring they align with the Boursa Kuwait Index and show our dedication to the New Kuwait Vision 2035, as well as global sustainability standards like the United Nations Sustainable Development Goals (SDGs).

This policy will cover ESG implementation, communication, and incorporation into all operational processes at Al-Tijaria and this policy will act as the guiding framework for all ESG-related initiatives and activities undertaken by the Company.

ESG Vision Statement

"We envision a future where sustainable practices are seamlessly integrated into every aspect of our operations. Committed to creating enduring value, we foster resilient, inclusive, and vibrant communities through innovative real estate solutions. Our dedication to environmental stewardship, social responsibility, and strong governance principles drives us to lead in building a sustainable future for generations to come."

ESG Mission Statement

"To integrate sustainability into every aspect of our business operations to foster an inclusive, ethical, and sustainable environment for our employees, communities, and stakeholders."

Sustainability & ESG Committee

To enhance the Company's vision, and to implement the ESG framework throughout the organization, an ESG Committee has been formed within the organization's governance framework.

The formation of this ESG Committee is a strategic step towards integrating sustainability into the core decision-making processes and for overseeing environmental, social, and governance issues, reflecting the organization's commitment to sustainable practices.

Duties and Responsibilities of The Sustainability Committee:

The ESG Committee is tasked with supporting the Board/ Chairman in its oversight responsibilities concerning ESG issues. The Committee’s primary duties and responsibilities are as below:

  • Policy and Procedure Development: The ESG Committee will guide the creation and revision of policies and procedures that relate to the company’s ESG objectives and targets.
  • Oversight of ESG Strategies: The Committee will be responsible for overseeing the development and implementation of strategies related to environmental, social, and governance issues.
  • Compliance and Risk Management: The committee will ensure compliance with ESG-related regulatory requirements and standards, and manage risks associated with ESG issues.
  • Monitoring and Reporting: The committee will monitor the company's ESG performance and practices and is accountable for reporting these results to the board/chairman and relevant stakeholders.
  • Stakeholder Engagement: The committee will play a crucial role in engaging with stakeholders on ESG matters, incorporating their feedback into the company’s ESG practices.

The Committee may seek third party consultant(s) support as needed to effectively discharge the above duties to fulfill the ESG commitments.

ESG Objectives and Targets

Al-Tijaria has committed to fully integrating the following ESG Objectives across its business operations:

  • Environmental Performance

Environmental sustainability poses both challenges and opportunities for the Company and our stakeholders. To address these, the Company is dedicated to integrating leading environmental practices into its business strategy and operations. We are also committed to promoting environmental awareness and responsibility among our employees, clients, suppliers, and other relevant parties within the scope of our business activities.

  • Social Responsibility

Social performance is a critical dimension of our overall business strategy, impacting both our internal community and the wider society. We aim to create meaningful interactions and partnerships with our employees, customers, and community members, thereby fostering a positive social impact through our business operations. We also prioritize transparent communication and ethical practices to maintain trust and integrity in all our dealings with stakeholders.

  • Ethical Governance

Effective corporate governance is crucial for maintaining public trust and ensuring business success. The Company is committed to thorough oversight and upholding the highest ethical standards that go beyond typical governance requirements. Strong governance practices are key to retaining investor trust. Our policies ensure the Board of Directors' accountability and fair decision-making for all stakeholders, including customers and employees.

Al-Tijaria’s UN Global Compact Participation:

UN Global Compact Commitment: On May 31st, 2022, Al-Tijaria joined the UN Global Compact, committing to uphold the ten principles related to human rights, labor, environment, and anti-corruption, signifying a major step towards international standards of ethical business practices.

Sustainability Alignment: Aligned its business operations with the 17 Sustainable Development Goals (SDGs) of the United Nations, reinforcing its commitment to sustainable business practices that benefit society and contribute to the company’s long-term success.