KUWAIT: In a highly strategic step that reaffirms its strong commitment towards achieving both organizational and environmental sustainability across its entire operational spectrum, upholding its position as an active member within the United Nations Global Compact, Kuwait International Bank (KIB) recently announced the issuance of "Go Green" banking cards, fabricated purely from recycled biodegradable materials. Through this eco-friendly venture, KIB aims to contribute to the overall reduction of its carbon footprint, in line with the global movement towards environmental conservation and protecting the planet in the long-term.

Adopting an eco-conscious work culture within its responsible practices, mandated by its Environmental, Social, and Corporate Governance (ESG) division, KIB will be issuing both its Debit and Black account "green" cards, manufactured entirely from recycled components, offering an eco-friendly option that maintains the highest level of quality and durability. These biodegradable components will also allow users to recycle the new cards upon expiration, as an alternative solution to typical disposal options.

Commenting further on this environmental achievement, Executive Manager of Card Services at KIB, Deema Al-Mulifi, said: "After conducting extensive studies on the various environmental practices and initiatives implemented by some of the largest financial institutions around the world, we soon realized that it was highly necessary for us to follow and keep up with these global organizational approaches. As eco-responsibility advocates, we strive to continuously and promptly respond to the urgent calls to save the environment, with serious steps to raise more awareness on this pressing topic and support its global initiatives".

Adding to her statement, Mulifi reiterated that KIB remains fully committed to the local and international values and policies that emphasize the importance of ecological sustainability, as a non-optional solution to creating a better future, and a fundamental corporate direction to ensure the highest degree of business continuity. Pointing to the exclusive benefits KIB's new cards are set to offer, Mulifi mentioned that these cards will come with unique and attractive designs, in addition to all of the original services and offers each card account provides.

It serves to note how KIB has long been proactive in addressing the various social and environmental issues, determined to always create a positive impact on society. This stems from the Bank's firm belief that its role is not limited only to making progress in its financial and banking offerings, but also in developing the scope of its social responsibility program to be more inclusive and wide-ranging, considering it an integral part of its multifaceted corporate strategy.