Kuwait Investment Company (KIC)

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023

In its 2023 reporting, Kuwait Investment Company (KIC) disclosed greenhouse gas emissions of 355.8K kg CO2e. By scope: Scope 1: 18.8K kg CO2e; Scope 2: 322.3K kg CO2e; Scope 3: 14.7K kg CO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

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GHG Emissions
355.8K kg CO2e
2023
⚙️
Energy Use
477.5K kWh
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).18.8K kg CO2e
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.322.3K kg CO2e
Scope 3Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.).14.7K kg CO2e

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

✅ Reported Environmental Achievements

🌱 ESG Focus Areas

Responsible GovernanceDiversity and InclusionSustainable Investment and StewardshipLearning and DevelopmentESG Risk ManagementInnovation and TechnologyCommunity EngagementTackling Climate Change

⚠️ Challenges & Risks +

  • Limited resources and the high cost and complexity of certain sustainable methods in environmental practices.
  • Resistance to change culture and a limited timeline in Learning and Development.
  • Limited availability of ESG-compatible properties in the market for real estate investments.
  • Balancing cost efficiency with the quality of products and keeping suppliers’ prices stable in supply chain management.
  • Changing the mindsets and beliefs of employees to welcome new initiatives and implement new policies in employee satisfaction.

📋 Report Information

Reporting Period: 2023
Frameworks: GRI Standards