Mubasher: The National Bank of Kuwait (NBK) on Saturday announced that it has been selected to be a constituent of the FTSE4Good Index Series.

The NBK is the only Kuwaiti bank to be included in the global index, according to a statement.

“Over the last three years, NBK has been proactively evolving our sustainability performance, with a plan to fully meet global sustainability-related standards and to strengthen our position among the leading ESG companies in the GCC,” NBK’s chairman, Nasser Musaed Al-Sayer, said.

FTSE Russell’s FTSE4Good Index Series is considered one of the world’s leading Environment-Social-Governance (ESG) indices, the index identifies companies that meet international sustainability standards.  

“FTSE4Good valuable recognition of NBK Group is a testament to our hard work across the sustainability spectrum over the years,” Al-Sayer noted.

NBK achieved an increase of 12.5% in profits during the first six months of 2019 compared to the same period a year ago, recording KWD 209.09 million ($689 million).