KUWAIT, March 15 (KUNA) — The World Bank Group’s permanent representative in Kuwait, Ghasan Al-Khoujah, underlined Tuesday the significance of sustainable development through the application of environmental, social affairs, and governance principles to achieve the best revenues for both Kuwait and the region.
Al-Khoujah in a statement on the sidelines of a panel discussion organized by Union of Investment Companies (UIC) dubbed “transition to a climate and nature positive future” highlighted the active role of finance authorities across the globe in the transition to a sustainable economy, while also calling on civil society to engage in the economy and yield better revenues.
On his part, Kamco Invest CEO and UIC member Faisal Sarkhoh spoke on building resilience to future risks via employing the use of “innovative financial products and services that incentivize sustainable practices and facilitate the reallocation of capital towards green investments.” He also affirmed Kamco’s commitment to the United Nation’s 10 human rights, labor right, anti-corruption and environmental development principles , as they go hand in hand with the company’s objectives.
As for UIC Secretary General Fada Darweesh, she stated that recent studies indicate that companies are showcasing strong performance in environmental and social governance, adding that they are expecting higher revenues and better risk management, especially as these companies harbor competitive qualities that attract investors. (end) ak.ht.aai
Source: Kuwait News Agency (KUNA)