On May 22, 2023, the Capital Markets Authority (CMA), also known as "Boursa Kuwait” introduced new guidelines to help companies write their non-mandatory sustainability reports.&nbsp;
These guidelines offer a starting point for companies to report on sustainability in ways that support Kuwait's goals for sustainable development as outlined in its Vision 2035 and its aim to have no net carbon emissions by 2060. The guidelines are based on international recommendations and are meant for all companies listed on Boursa Kuwait, but following them is not compulsory.
The guidelines suggest companies report on environmental issues like greenhouse gas emissions, energy and water use, and how they manage climate risks.&nbsp;

Boursa Kuwait Capital Market Rules and Guidelines 

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Guidelines

Passed/Approved

Kuwait

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Justice is the ethical and political framework that addresses fairness, including issues of responsibility, rights, and structural inequity.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives