Recognition from independent rating providers marks a significant milestone in the Bank’s sustainability journey and reflects continued progress in responsible bankin
Fadel Abdullah:
• An important external validation of the progress we have made in embedding sustainability into the way we operate and create long-term value.
Kuwait, 23 August 2026: Marking an important milestone in the Bank’s continued progress toward stronger sustainability and responsible banking practices, Burgan Bank announced that MSCI has upgraded the Bank’s ESG Rating from BB to BBB.
The upgrade provides independent external recognition of Burgan Bank’s evolving Environmental, Social, and Governance (ESG) capabilities, reflecting progress in areas including governance, sustainability disclosures, risk management, and the integration of ESG considerations into the Bank’s broader strategy and decision-making.
MSCI ESG Ratings areidely used by institutional investors to assess how companies are exposed to, and manage, environmental, social and governance-related risks and opportunities. By providing an independent benchmark against global peers, the rating offers investors and other market participants a clearer view of a company’s ESG performance and resilience.
For Burgan Bank, the move to a BBB rating reflects the growing maturity of the Bank’s approach to sustainability and the continued integration of responsible business practices across the organization.
Commenting on the achievement, Mr
Fadel Abdullah, Chief Executive Officer – Kuwait at Burgan Bank, said: “The upgrade of Burgan Bank’s MSCI ESG Rating to BBB is an important external validation of the progress we have made in embedding sustainability into the way we operate and create long-term value. It demonstrates the growing maturity of our ESG capabilities and their increasing alignment with the expectations of global investors and other stakeholders.
“More importantly, this milestone reflects the strength of our governance, disciplined approach to risk management, and commitment to responsible growth. As stakeholder expectations continue to evolve, we remain focused on strengthening our ESG capabilities further while delivering sustainable financial performance and sustainable value for all our stakeholders.”
The rating upgrade builds on the Bank’s sustained efforts to strengthen ESG governance, enhance transparency and promote greater accountability across its operations. These efforts are supported by a structured sustainability framework that integrates environmental, social, and governance considerations across the organization.
Burgan Bank continues to solidify its responsible banking practices by strengthening governance standards, improving ESG disclosures, and incorporating sustainability considerations into its lending, business and risk management activities. The Bank has published annual Sustainability Reports since 2019, aligned with recognized international reporting frameworks, reinforcing its commitment to transparency and accountability.
The improved MSCI ESG Rating reinforces the Bank’s position as a resilient, responsible and future-focused financial institution. Looking ahead, Burgan Bank remains committed to enhancing its sustainability agenda in line with international best practices, balancing financial performance with responsible business practices and creating long-term value for its customers, shareholders, employees and the wider community.