Kuwait Investment Authority

The financial institution assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body.

The institution has opportunities to disclose its methods for determining a living wage in its operational regions and to publish a policy statement against bribery and corruption. It can include anti-bribery and anti-corruption clauses in contracts with business partners. While it identifies material sustainability impacts, further detail on the process and criteria for prioritisation across its value chain is needed. Linking senior executive remuneration to specific sustainability targets is recommended. Although it discloses scope 1-2 emissions, providing annual values separately is an opportunity. Monitoring scope 3 emissions by category and detailing the methodology for footprint calculations are also recommended.

Establishing a transition plan for its operations, supply chain, and portfolio, along with ensuring scope 1-3 emissions align with interim targets, is advised.

A breakdown of clients by income group and a risk assessment process that includes ILO fundamental rights are recommended, along with a mitigation process for identified risks. Additionally, identifying social risks related to the net zero transition and providing examples of actions taken on salient human rights issues from recent assessments are suggested

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.