Qatar-based multinational commercial bank, Qatar National Bank (QNB) was honored at the Global Finance’s inaugural 2021 Sustainable Finance Awards, for its efforts in bringing sustainable financing solutions.
At the Sustainable Finance Awards, QNB received two accolades for ‘Outstanding Sustainable Financing in Emerging Markets’ and ‘Outstanding Leadership in Green Bonds’ in the Middle East regional category.
This new awards program from Global Finance magazine recognizes international and regional leadership in funding and bringing out initiatives designed to mitigate the negative impacts of climate change and help to create a more sustainable future for humanity.
The Sustainable Financing award complements QNB’s recent uplift to MSCI ESG “AA” rating, the first bank to achieve this in the region. This is a testament that QNB has developed an impactful sustainability strategy.
The Green Bond award recognizes QNB’s sustainability strategy. The green bond issuance meets international best practices and enables the bank to tap into a pool of capital that supports the transition towards a sustainable and low-carbon economy.
Recently, QNB Group was ranked as the most valuable bank brand in the Middle East and Africa (MEA) region and it is also the Official MEA Supporter of the 2022 FIFA World Cup as well as the Official Qatari Bank of the FIFA Club World Cup Qatar 2020. Through its subsidiaries and associate companies, the bank extends to over 31 countries across three continents offering a comprehensive range of advanced products and services.
Global Finance is a leading international magazine and industry analyst that evaluates and awards the top preforms among banks and other providers of financial services on global and regional levels in categories of technology, leadership, brand, and sustainability, among others.