Kuwait Times, Monday, Sep 21, 2020 | Safar 04, 1442
Boursa Kuwait partners with Dive Team to preserve Kuwait Bay
Kuwait:
Reinforcing its commitment to creating a meaningful impact on the
environment and the communities it serves, Boursa Kuwait has entered into a
strategic partnership with the Environmental Voluntary Foundation’s Kuwait Dive
Team and its efforts to clean up the Kuwait Bay, considered one of the richest,
most diverse marine ecosystems in the world.
The Kuwait Bay is an important source of nutrients and sediment to the upper
part of the Arabian Gulf and supports a thriving fishing industry with more than
500 metric tons of sea bream production each year from more than 80 net-pen
cages. The Bay is also one of the main contributors to the Kuwaiti economy and
one of the world’s biggest fish habitats.
As part of its corporate social responsibility and overarching corporate
sustainability (CS) strategy, Boursa Kuwait is proud to partner with the
Environmental Voluntary Foundation’s Kuwait Dive Team in reviving one of the
world’s most diverse marine environments.
Boursa Kuwait was on hand to support the Environmental Voluntary Foundation’s
Kuwait Dive Team on World Cleanup Day, a UN sponsored initiative to clean up the
world’s seas and surrounding beaches, with over 180 countries and over 21
million volunteers participating in 2019. The initiative is celebrated this year
on September 19 and is one of several initiatives to draw attention to litter
solutions, partnering with multiple organizations worldwide. The event also
marked the maiden voyage of the Boursa Boat, which was dedicated to the Kuwait
Dive Team to help preserve Kuwait’s marine life and environment.
The Boursa Boat will be the exclusive boat for all operations of Kuwait Dive
Team in the Kuwait Bay area and is equipped with special equipment to remove
wrecked sea vessels, abandoned fishing nets and other marine debris; install and
maintain environmentally friendly anchors; monitor coral reefs; clean shores,
islands and beaches; as well as document marine life.
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Naser Meshari Al-Sanousi, Marketing and Communication Director at Boursa Kuwait,
said: “Boursa Kuwait is proud to join the Environmental Voluntary Foundation’s
Kuwait Dive Team in their many initiatives and activities to clean up and
preserve the marine environment of Kuwait Bay, which is one of the main drivers
of the national economy and a valuable resource to Kuwait and the Arabian Gulf.”
Sanousi added, “Boursa Kuwait is committed to promoting the adoption of socially
impactful and accountable practices in surrounding communities, and this
initiative is in-line with our directive to raise awareness in Kuwait and the
surrounding communities on the best practices to raise awareness to issues of
financial literacy and social responsibility as well as adopting effective
practices to increase awareness, reduce harm and preserve the environment.”
“The Kuwait Bay is one of the richest, most diverse ecosystems in the Gulf. The
Environmental Voluntary Foundation’s Kuwait Dive Team is committed to the
preservation of the Bay and the marine creatures living in its coasts and
waters. Since 1986, the Kuwait Dive Team has been participating in the
protection and rehabilitation of Kuwait’s aquatic world through a host of
activities including the documentation and protection of coral reefs, beach
clean ups, establishing colonies of fish, as well as underwater ship retrieval.
We thank Boursa Kuwait for their partnership in support of our many activities
to make sure that the Bay and surrounding islands are kept clean and able to
sustain such diverse marine life,” said Waleed Abdulrahman Al-Shatti, Vice
President, Kuwait Dive Team.
With a view to creating long-term value for the company’s stakeholders in the
economic, social and environmental dimensions and ensuring that all corporate
social responsibility (CSR) initiatives are aligned with its sustainability
objectives, Boursa Kuwait has put in place a three-phased strategy to align,
create and integrate.
This strategy stipulates ensuring initiatives apply and fall in line with the
company’s corporate social responsibility (CSR), creating strong and sustainable
partnerships that ultimately achieve success and allow Boursa Kuwait to leverage
the capabilities and strengths of organizations that have experience in
different fields, and integrating sustainability efforts with the company
culture, in order to achieve longevity and an ongoing impact.