Kuwait Finance House “KFH” received the Global Sustainability Assessment System GSAS – Gold Level Certificate which is normally granted to projects compliant with strict environment sustainability standards determined by the Gulf Development and Research Organization. The certificate was received at KFH Auto showroom, thus rendering KFH as the first bank in Kuwait to receive this high rank certificate.
The certificate presentation ceremony was held at KFH Auto showroom in presence of the Acting GCEO, AbdulWahab Essa AlRushood, Chairman – Gulf Organization for Research & Development, Dr. Yousuf Bin Mohammed Al-Horr, CEO of the National Technology Enterprises Co., Anas Mirza, in addition to members of KFH executive management.
Dr. Yousuf Al-Horr
In his speech on the sidelines of the certificate delivery ceremony, Dr. Yousuf Bin Mohammed Al-Horr , Chairman – Gulf Organization for Research & Development , affirmed that KFH Auto showroom has earned this award, which comprises 10 main important standards, following several assessments and inspections and reviews of the documents related to the organization requirements as well as the field visits conducted for checking and inspection by a highly specialized team of experts from the organization to ensure documents real time compliance.
He added saying “All signs of sustainability are clearly apparent in the showroom on the first visit including natural lighting, internal environment, ventilation and power consumption system. Undoubtedly, these factors create hope and inspiration for the existence of such environment friendly giant buildings”.
Al-Horr praised KFH interest, as one of the pillars of the financial and banking system in the Middle East, in sustainability and environment standards saying “It is utterly pleasant to see the financial sector taking part in matters which are of interest to environment and the world at present and in the future, especially that sustainability has become the core interest of countries, governments and the whole world considering its significance to the future of mankind. We urge all institutions to follow the tracks of KFH in the practical implementation of sustainability which is no longer an intellectual luxury or a marketing material but a pressing necessity.
In his turn, Eng. Fahad Al-Falah - Senior Manager – Projects and Maintenance at KFH, reiterated that KFH Auto showroom is just an initial step and an integrated and strategic starting point for environment sustainability.
He indicated that KFH has started to apply several sustainability projects in its 60 branches all over Kuwait. He noted that this trend comes in compliance with the board instructions which has initially reiterated the significance of moving towards sustainability and environment through KFH Auto showroom in addition to several initiatives which were launched under the umbrella of sustainability and the inclusive sustainability strategy of the bank.
Al-Falah indicated that KFH Auto is the largest showroom in the middle east providing all finance services under one roof with a total area of 38 thousand square meters. The showroom enjoys several technical specifications rendering it as an environment friendly building having all sustainability standards including natural lighting and using latest glass technologies for the main facades which cover an area of 2000 square meters with high external thermo insultation efficiency to benefit from natural light. A Sky Light is also provided to ceiling lighting covering an area of 350 square meters as well as LED system light and solar system glass boards to provide revolving energy through sun light as well as electric cars charging outlets.
Al-Falah emphasized that KFH has always been precedent in this field and expressed his wish that all institutions would also contribute to the reservation of environment and sustainability for the best interest of the world.
Al-Falah expressed his pride that the team which has applied these systems and fulfilled the requirements comprises KFH employees without any interference from any outside parties.
From his side, KFH Executive Manager – Governance & Sustainability, said that the bank has an integrated 5-year sustainability strategy plan which was designed in 2020. This would be the starting point for further professional projects.
He reiterated that these certificates and recognitions affirm KFH leadership in sustainability and environment reservation and the launch of various initiatives under the umbrella “Keep It Green”. He noted that this accomplishment is part of an integrated leadership at all levels considering continuous Board support.
Environment Friendly KFH Auto
Environment friendly KFH Auto showroom is the largest and most modern showroom in the Middle East, covering a total area of 38 thousand square meters. KFH Auto provides finance services for all products to fulfil customers’ needs of Sharia-compliant consumer and residential finance services. KFH Auto accommodates more than 200 cars, 20 agencies and 30 trademarks including cars, motorbikes, jet skis, and boats. The showroom represents an integrated city comprising all that is related to the sale/ purchase of new and used cars and other vehicles as well as leasing, trading, traffic, and insurance products. Also, it provides consumer finance services for furniture, appliances, kitchens, education, and medical products as well as residential finance services to cover construction works.