Business
Burgan Bank Joins Regional Sustainability Leaders with Inclusion in FTSE4Good Index Series
KUWAIT CITY, Jul 29: Burgan Bank announced its inclusionas a constituent in the FTSE4Good Index Series, an affirmation of its unwavering commitment to ESG best practices. Developed by global index and data provider FTSE Russell, the FTSE4Good Index Series is a globally recognized benchmark that measures the performance of companies demonstrating strong Environmental, Social, and Governance (ESG) practices.These indices are widely used by investors and asset managers to incorporate ESG factors into their investment decisions, as well as to create and evaluate responsible investment funds and related financial products.
Built on transparent management standards and rigorous assessment criteria, FTSE Russell’s evaluations consider performance in areas such as corporate governance, health &safety, anti-corruption,and climate change. Companies included in the FTSE4Good Index Series demonstrate compliance with a variety of stringent ESG criteria.
Commenting on this accomplishment, Mr. Fadel Abdullah, Chief Executive Officer – Kuwait at Burgan Bank, stated: “We are honored to beone of the five organizations in Kuwait recognized by globally renowned FTSE Russell for our unwavering efforts to adopt the best ESG practices in the banking sector and embed them into our operations, culture, and stakeholder engagement. Burgan’s inclusion in the FTSE4Good Index Series is a testament to our consistent and measurable progress in sustainability practices.Thisrecognition affirms our strategic commitment to sustainable business growth, designedto create a positive impacton our community, industry, and natural environmentwhile supporting a resilient and equitable futurefor all stakeholders.”
The inclusion in the FTSE4Good Index Series provides external validation of Burgan Bank’s efforts to align with global sustainability standards and frameworks such as UN Sustainable Development Goals (SDGs), Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), and Kuwait Vision 2035. This recognition reflects Burgan’s strong ESG agenda, driven by a comprehensive framework and strategic roadmap, under which the Bank has achieved significant progress across its four ESG pillarsof Good Governance,Responsible Banking, Community Betterment, and Environmental Impact Reduction.
On the environmental front, Burgan Bank was awarded the LEED Gold certification (O&M v4.1) for its head office, recognizing its exceptionalenergy-efficient design and sustainable operations. The Bank continues to advance its Green House Gas (GHG) mapping and reduction efforts to design a long-term decarbonization strategy.The Bankhas installed electric vehicle (EV) charging stations at its head office and select branches, and motion-sensor lighting to optimize energy efficiencyas well as installed rooftop solar panels for clean renewable energy. Furthermore, the Bank has made concerted efforts for climate risk integration in its credit portfolio.
On the social sustainability front, Burgan Bank reaffirmed its recognition as a certified Great Place to Work® and continued to champion diversity and inclusion within its workforce. The Bank surpassed the mandated Kuwaitization target with 86% national representation, while women comprised 45% of its total staff, including strong representation in senior leadership roles. The Bank’s efforts for social sustainability were also evident in its learning and development programs, tailored to address diverse needs and interests. In its pursuit of establishing a culture of healthy work-life balance, Burgan Bank currenly offers five days of fully paid paternity leave, one day of birthday leave, and four self-care days, in addition to the standard annual leave days. The Bank also offers numerous programs, benefits, events, and sporting initiatives for the comprehensive development of its employees. Moreoever, Burgan Bank has launched several initiatives and programs to empower women in the workplace and support their professional development – such as the “Lean In Circle” program and the “Empower Her” initiative. It is worth noting that the Bank is also major supporter of the “Partners for Hire” campaign, which aims to sustainably empower people with disabilities and provide them with job opportunities across various departments. Along the same lines and to cater to this community, Burgan Bank has also allocated six branches to serve customers with disabilities to promote equal access to banking services.
As part of its social impact agenda, the Bank maintained its long-standing support for the Kuwait Association for Care of Children in Hospital (KACCH) and Bayt Abdullah Children’s Hospice (BACCH), helping ensure access to vital palliative care services. In 2024, Burgan Bank also partnered with the Kuwait Olympic Committee (KOC) as a sponsor of the national delegation to the Paris 2024 Olympics, reinforcing its commitment to community development and national pride.
Burgan Bank remains committed to fostering a strong compliance culture across the organization, focused on preventing financial crime, including money laundering, terrorism financing, fraud, corruption, and bribery. This commitment is underpinned by a robust governance framework that reflects the Bank’s dedication to ethical conduct, responsible leadership, and maintaining the highest standards of security in the banking sector.
The Bank’s comprehensive ESG strategy also delivered notableadvancements in digital transformation, particularly in cybersecurity, with the implementation of cutting-edge technologies, AI-driven threat detection, and proactive incident response measures to ensure maximum data protection for all stakeholders.
Moreover, Burgan Bank has consistently led the way in transparency and sustainability,reporting its sustainability related efforts and achievements consecutively for thelast six years since 2019. This reinforcesthe Bank’s committedadherence to transparent governance and proactive sustainability leadership,demonstratingits year-on-year improvements in the sustainability and ESG performance.
As a trusted financial partner and a bank that is “Driven by You”, Burgan Bank remains dedicated to upholding its responsibility toward its customers, community, and investors, by adopting the highest standards of ESG practices and ensuring that its business success reflects positively on its stakeholders.
Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), (left), and the foreign exchange rate between US dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, on July 30, 2025. (AP)
BANGKOK, July 30, (AP): Shares in Asia were mixed on Wednesday after the US and China ended their latest round of trade talks without a deal. US, futures edged higher while oil prices slipped. Beijing’s top trade official said China and the United States agreed during two days of talks in Stockholm, Sweden, to work on extending an Aug 12 deadline for imposing higher tariffs on each other.
The US side said an extension was discussed, but not decided on. US Trade Representative Jamieson Greer said the American team would head back to Washington and “talk to the president about whether that’s something that he wants to do.” A Friday deadline is looming for many of Trump’s proposed tariffs on other countries.
Several highly anticipated economic reports are also on the way, including the latest monthly update on the job market. “Markets had been floating on a cloud of trade optimism – first Japan, then the EU – but the sugar high is wearing off. Now, with US-China talks dragging on in Stockholm, there’s a growing sense that the momentum is stalling,” Stephen Innes of SPI Asset Management said in a commentary.
Hong Kong’s Hang Seng index shed 0.1.2% to 25,213.15, while the Shanghai Composite index gained 0.2% to 3,616.30. Tokyo’s Nikkei 225 index fell less than 0.1% to 40,654.70. Gains for electronics companies were offset by losses for major exporters like Toyota Motor Corp. and Honda Motor Co. Australia’s S&P/ASX 200 climbed 0.6% to 8,756.40 and in South Korea, the Kospi gained 0.7% to 3,254,47. Taiwan’s Taiex rose 1.1%.
In India, the Sensex added 0.3%. On Tuesday, US stock indexes edged back from their record levels as a busy week for Wall Street picked up momentum. The S&P 500 fell 0.3% to 6,370.86, while the Dow Jones Industrial Average lost 0.5% to 44,632.99. The Nasdaq composite was down 0.4% at 21,098.29. SoFi Technologies jumped 7.4%, but Merck dropped 2.2% and UPS sank 9.2% following a torrent of profit reports from big US companies. They’re among the hundreds of companies telling investors this week how much they made during the spring, including nearly a third of the stocks in the S&P 500 index.
Menzies Aviation at Budapest Airport
UK / KUWAIT, July 29: Menzies Aviation, the leading service partner to the world’s airports and airlines, has finalised its strategic partnership with Airport Service Budapest Zrt. (AS Budapest), Following the approval of the Hungarian Competition Authority, creating new opportunities to support more customers and partners.
Under the agreement, AS Budapest will transfer its ground handling and cargo operations to Menzies Aviation, acquiring a minority stake in Menzies Aviation Hungary Kft. and Menzies Aviation Cargo Hungary Kft. The Hungarian ground handling company will now operate under the Menzies’ global brand, which includes operations at more than 300 airports in 65 countries.
AS Budapest’s employees will transfer to Menzies Aviation Hungary Kft., ensuring continuity of service and the integration of local expertise into Menzies’ Budapest operation. The well-established SkyCourt Lounge – the airport’s largest premium lounge – also becomes part of the integrated offering under the Menzies Aviation brand.
Together, the companies will handle more than 2,500 flights and over 12,000 tons of cargo per month at Budapest Liszt Ferenc International Airport (BUD), supported by a dedicated team of over 1,000 employees. The new partnership will cover all operational areas, including passenger services, baggage handling, cargo logistics, aircraft cleaning, de-icing, aircraft security and airside transport. The agreement marks a significant milestone for Menzies’ BUD operation, creating opportunities to deliver more efficient, high-quality ground handling and cargo services for airline customers. This partnership follows Menzies’ investment in a state-of-the-art facility in BUD’s Cargo City in 2024, which saw a 3,000sqm warehouse expansion, new 1,500sqm manoeuvring area for truck and ground support equipment (GSE), and 300sqm office and social space.
Miguel Gomez Sjunnesson, EVP Europe, Menzies Aviation, said: “Finalising this partnership with AS Budapest is a positive step in expanding our European footprint and enhancing service levels at Budapest Airport. By combining the local knowledge and operational strengths of both AS Budapest and Menzies, we’re uniquely positioned to meet rising demand and deliver first-class services to airlines, passengers and airport partners. 2024 broke all previous records in the airport’s history, signalling robust growth ahead. With 20 million passengers expected by 2030, we’re excited to support Budapest Airport on this growth journey as it reinforces its role as a leading regional hub.”
This partnership reflects Menzies and AS Budapest’s shared commitment to operational excellence, improved service delivery, enhanced sustainability and a seamless travel experience at one of Central Europe’s key aviation hubs.
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