AIC’s understating of Responsibility
Being responsible means addressing the issues and expectations of our society, while earning the profits needed to ensure our company’s future, and impacting our economy and society positively. That’s why we need to understand the aspirations and expectations of citizens and expatriates, our customers and our employees, as well as those of public authorities, regulatory bodies and investors regarding an Investment Company like Arab Investment Company k.s.c.c.(“AIC”), a growing company in a dynamic and growing industry in the state of Kuwait. of Kuwait.
AIC’s Approach to CSR
Our Approach to CSR, which focuses on the interests of major stakeholders, may not be common in American banks. Most of them, including the large national banks are orientated on community interests, such as charity and philanthropy as the major instruments for implementation of such a policy.
While there are numerous multiple mechanisms for participation of financial institutions in social support of society, and whereas we may not implement social projects throughout the country due to limitations in our resources, AIC aims to maintain a vital involvement in what the investment industry in Kuwait has to contribute to a sustainable society and to meet the immense challenges ahead.
Each and every Investment company bears a responsibility vis-à-vis the major challenges of sustainable development of the Kuwaiti economy. Our business places us at the center of the financial system. Therefore, we at AIC are committed to a Corporate Social Responsibility policy, based on 3 pillars comprising 10 commitments, which promotes a long-term approach to CSR strategy:
1. AIC’s economic responsibility by financing and investing in the economy ethically:
2. AIC’s Social responsibility by maintaining a fair human resource policy:
3. AIC’s civic responsibilities, by promoting inclusion and education: