Kuwait’s Sustainability Overview

Kuwait has demonstrated strong commitment to sustainability and environmental progress since signing the UNFCCC in 1994. Key milestones include ratifying the Kyoto Protocol (2005), launching the Kuwait Strategic Vision 2010-2035, and submitting its first National Communication (2012). Kuwait signed the Paris Agreement in 2016, followed by the launch of the “New Kuwait” National Development Plan (2017), aiming to transform Kuwait into a financial and trade hub.

In 2021, Kuwait introduced its National Adaptation Plan (NAP), and in 2022 committed to carbon neutrality in the oil and gas sector by 2050, expanding to all industries by 2060. The country also aims to reduce emissions by 7.4% by 2035 as part of its Nationally Determined Contribution (NDC).

To foster sustainable investment, the Capital Markets Authority (CMA) enabled the issuance of ESG Bonds and Sukuk in 2022, and partnered with Boursa Kuwait to improve sustainability reporting for listed companies. These regulatory advancements are paving the way for transparency, accountability, and a diversified sustainable economy.

Sustainability Capacity Building

Capacity-building is key to empowering communities and organizations for sustainable development. Aligning with the UN’s SDG 17, Kuwait’s regulators, including the CMA and Boursa Kuwait, are fostering sustainability knowledge and compliance. Initiatives like workshops and updated reporting guides educate businesses on environmental, social, and governance (ESG) practices, strengthening corporate governance and transparency. These efforts contribute to Kuwait’s vision for a sustainable future.