The Capital Markets Authority Towards Adopting the Sustainability Standards and Issuing Reports on Governance and Social and Environmental Responsibility (ESG)

The CMA has taken steps towards adopting sustainability standards and incorporated them as an initiative in its third strategy plan extending from the financial year 2023/2024 to the financial year 2026/2027. This initiative is the result of the State of Kuwait’s implementation of the sustainability standards to achieve public welfare. The CMA has progressed towards exploring available standards, studying theoretical frameworks adopted by international institutions experiences in implementing the sustainability standards and report issuance mechanisms, including data and information that align with its nature and activities, in accordance with the country’s directions, and to be a leading government entity in implementing the sustainability standards and disclosing governance and social and environmental responsibility reflecting its professionalism, development, and concern for climate change and social responsibility issues. This gives it added value and enhances its reputation as a leading government entity. Accordingly, the CMA has established a permanent committee specialized in adopting the sustainability standards and measuring and monitoring its indicators, whose output will be the issuance of the annual reports of governance and social and environmental responsibility (ESG).