QNB’s initiatives support the transition to a carbon neutral economy

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QNB Group has executed a number of initiatives across its footprint to support the transition to a carbon neutral economy. Sustainable environmental and social practices are integrated throughout the bank’s business and operating model.
QNB is recognized as a regional leader in ESG and in 2021, was the first bank in the region to receive an AA rating for ESG from MSCI.
In 2022, the bank recently won several sustainability-related awards from Global Finance, including “Outstanding Leadership in Sustainable Finance” in the region and “Leadership in Sustainable Finance” in Qatar, among others.
QNB was the first financial insight in Qatar to develop a Green, Social and Sustainability Bond (GSSB) framework aligned with international best practices and standards.
In 2020, the bank issued the first conventional green bond in Qatar, and at $600 million it remains the largest conventional green bond by a bank in the region. The bank also issued the first green placement with the European Bank for Reconstruction and Development (EBRD) in Turkey, participated in the first green buyback agreement in Qatar, and pioneered green vehicle lending and green mortgages for its private clients, special clients.
The bank’s sustainability framework and approach supports and aligns with key international and national environmental, social and governance (ESG) initiatives, such as the United Nations Sustainable Development Goals ( UNSDG), United Nations Global Compact (UNGC, of ​​which the bank is a signatory), Qatar National Vision (QNV) 2030 and Qatar National Environment and Climate Change Strategy (QNE), among others.
The sustainability framework consists of three pillars: sustainable finance and sustainable operations and beyond the bank. These three pillars support QNB’s goal of sustainable financial performance by reducing risk, opening up new business opportunities and strengthening our brand.
In its own operations, the bank has launched several green initiatives across its footprint to raise awareness among its employees and customers of environmental and climate challenges, and to promote sustainable actions to reduce their impact.
In Qatar, the bank has implemented measures to improve the efficiency of energy consumption in all its offices and branches. This includes reducing cooling consumption and installing the latest state-of-the-art automated lighting control system in all of its properties, branches and facilities.
In addition, the recently opened QNB Place Vendôme branch has obtained GSAS (Global Sustainability Assessment system) certification for its interior design and environmentally friendly construction.
While in Turkey, the bank has turned to renewable energy sources, and in Egypt, it has installed solar power stations in its buildings. These initiatives aim to encourage employees and customers to lead a more sustainable future and support the Group’s environmental efforts.
Last month, QNB ALAHLI, the Group’s subsidiary, became a member of the United Nations Environment Program Finance Initiative (UNEP FI) and a signatory of the Principles for Responsible Banking (PRB) ahead of the Conference of Parties (COP27) to be held later this year in Sharm el-Sheikh, Egypt.

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