Sovereign Strategy Launches Historic

Sovereign Strategy has officially announced the launch of a landmark three year Corporate Social Responsibility (CSR) Program with Kuwait National Petroleum Company to the international press.

The Program was announced at a packed event at the Atlantis Restaurant in the Marina Hotel, Salmiya, Kuwait on January 12th (please see accompanying photographs). Sovereign Strategy Executive Chairman Alan Donnelly spoke alongside KNPC Corporate Communications Manager Mohammad Al-Ajmi at the historic event, which was also addressed by KNPC Chairman Farouk Al-Zanki.

The project is designed to build on KNPC’s existing strengths in environmental, social and economic strategy and Corporate Responsibility and Sustainability Reporting. By the end of the project, it is anticipated that KNPC will become one of the first companies in the world to comply with the new ISO26000 Corporate Social Responsibility Guidance Industry Standard (due to be launched in 2010/11).

The program will deliver a world-class CSR report within three years. The first draft KNPC Corporate Social Responsibility report will be circulated to internal and external audiences in 2009, the interim, first international report will be published in July 2010, and the final internationally recognized world-class report will be delivered by August 2011.

Alongside this, Sovereign Strategy will be launching a series of initiatives with KNPC, including a Foundation to effectively structure all KNPC’s social, cultural and educational contributions, and a KNPC National Volunteers Program to encourage its staff to get involved in projects in their communities. It is planned that this program will eventually be rolled out regionally and internationally. Sovereign Strategy will also advise KNPC on how to address the environmental impacts of its industry, and look into all the ways it can reduce the effects of Greenhouse Gas Emissions.

Executive Chairman Alan Donnelly said: “My company is proud to be advising KNPC on this landmark project. Through our work with companies and organisations such as Bloomberg, the City of London, the Dubai Financial Services Authority, the Kuwait Global Forum, Toyota and the governments of countries such as the UK and Luxembourg, we have come to understand the fundamental importance of corporate social responsibility.

“I believe that KNPC’s extraordinary vision, matched to our unique experience, can really create something special here in Kuwait.”

The project will be managed by Sovereign Strategy’s Director, Middle East and Africa Jolyon Kimble.

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