Kuwait Finance House (KFH) has successfully concluded its first-of-its-kind “Business Sustainability” program, a strategic initiative designed to empower its Small and Medium-sized Enterprise (SME) clients. The program aimed to foster stronger partnerships, provide a competitive advantage to local businesses, and reinforce KFH’s commitment to driving sustainable development within Kuwait’s entrepreneurial ecosystem.
A Strategic Push for ESG Adoption
The three-week program was developed as a key step in aligning local businesses with the principles of sustainable growth and Kuwait’s Vision 2035. Mohammad Al-Arbeed, Executive Manager of Governance and Sustainability at KFH, highlighted the critical role of sustainability in modern business, emphasizing its positive impact on performance, expansion, and long-term resilience. The initiative underscores KFH’s view of SMEs as foundational pillars of the national economy, requiring support to integrate Environmental, Social, and Governance (ESG) standards into their core operations. The bank leveraged its internal expertise to design and deliver the program, transferring its extensive experience in sustainability directly to the participating companies.
Inside The Program
The curriculum provided a comprehensive overview of sustainability, focusing on the core pillars of ESG. Participants engaged with essential frameworks and practical applications needed to implement sustainable practices effectively. A key component of the program was a specialized session on sustainable procurement, which detailed the mechanisms and requirements for SMEs to join KFH’s network of certified suppliers. This session offered a direct pathway for participants to unlock new opportunities for collaboration and business growth with a leading financial institution.
Tangible Benefits for Participating SMEs
Beyond theoretical knowledge, the program delivered practical tools to help businesses translate learnings into action. Each participant received a comprehensive guide to ESG practices and benefited from individual advisory sessions with a sustainability consultant from KFH. Following the program, the bank will continue to support the cohort through periodic meetings to assist in strategy formulation and implementation. Furthermore, companies that effectively apply the program’s guide will be eligible for a third-party certification, formally recognizing their commitment to sustainability standards and enhancing their market credibility.
About Kuwait Finance House (KFH)
Kuwait Finance House (KFH) is a pioneer in the Islamic banking phenomenon and one of the foremost Islamic financial institutions in the world. Established in Kuwait in 1977, KFH has grown to become a market leader not only in Kuwait but also in the wider region, with a presence in multiple countries. It provides a wide range of Shari’a-compliant banking and financial products and services, playing a pivotal role in the economic development of Kuwait and other operational regions.
Source: Al-Anba
