GIG publishes its first Sustainability Report, revealing ESG milestones and vision

Gulf Insurance Group (GIG) today published its first sustainability report that outlines the Group’s endeavors and milestones in Environmental, Social and Governance (ESG) areas, showcasing its commitment to integrating a sustainable business strategy, solid governance and positive social impact. 
Entitled “Empowering Sustainability to Embrace the Future”, the report highlights GIG’s aim to becoming a regional sustainability model for the insurance industry as it takes an inclusive approach to fulfilling the aspirations of stakeholders in contributing toward the global sustainability goals, and recognizing its accountability to safeguarding their best interest. 
Commenting on the report, Mr. Khaled Saoud Al Hasan, GIG’s CEO, said:
“Thanks to our Group’s collective efforts, we have achieved notable progress in implementing sustainable business practices during the year. We firmly believe that adopting such practices not only aligns with our core values but also makes solid business sense. 
“We have identified the key material topics crucial to our business and stakeholders and established precise goals that prioritize exceptional customer service, innovative and sustainable solutions, equal opportunities, and net-zero carbon emissions to ultimately create economic value, invest in human capital, serve a growing need for data privacy, cybersecurity and green insurance, and of course, contribute to social welfare and the protection of the environment.”
GIG’s sustainability approach: 
The Group's business strategy is focused on developing forward-thinking solutions that promote sustainability and resilience, as well as contribute to creating a future that is better suited for future generations. These solutions respond to a necessary need to innovate insurance products and services to cater to changing economic environments where digitization, cyber platforms and green businesses are growing, in addition to increasing efficiency and reinforcing culture within the Group’s operations to support efforts for climate change and warrant its social responsibility toward employees, partners, clients, and the communities in which it operates. 
GIG’s sustainability milestones in 2022:
Signing of the United Nations Global Compact (UNGC) commitment and aligning GIG’s strategy with Kuwait’s future vision 
Laying the foundations to developing sustainable insurance products for evolving situations such as cyber security and green businesses
Drawing an action plan to safeguarding and conserving the environment with a focus on various green insurance initiatives for the years to come
Committing to becoming carbon neutral by 2060
Committing to diversification and inclusion with over 40 nationalities, 40% of the Group workforce being female employees and zero cases of discrimination
Upholding a no-exception policy to training new joiners on the code of conduct 
Investing in the human capital with over 33,500 hours of learning
Achieving annual sustainability goals and being recognized as the Most Sustainable Insurance Group in the MENA by the World Business Outlook

GIG’s sustainability report is available on its website on the following link: 
https://www.gulfinsgroup.com/media/GIG_ESG_Report_2022_-_V8_27.09.2023…