QNB wins 5 awards from Global Finance for sustainable financing

By Shilpa Annie Joseph, Official Reporter
  • Follow author on
QNB wins multiple awards
Rep. Image

QNB has been honored with multiple awards from Global Finance for its “exceptional contributions” in the field of sustainable finance.

QNB Group, which is the largest financial institution in the Middle East and Africa, won ‘Best Bank for Sustainable Finance’, ‘Best Bank for Green Bonds’, ‘Best Bank for Sustainable Project Financing’, and ‘Best Bank for Sustainable Finance in Emerging Markets’, in the Middle East regional category.

Further, QNB also won the country award for ‘Best Bank for Sustainable Finance in Qatar’. These five rewards reflect the highest number received by any bank in the region.

This recognition by Global Finance complements QNB’s position as an ESG leader, with the highest ESG ratings amongst peers in the region. Furthermore, the recognition highlights the Group’s commitment to leading green and sustainable initiatives in Qatar, the Middle East, and beyond as part of its contribution to the global Sustainable Development Goals.

QNB said in a statement that “it remains steadfast in its mission to be at the forefront of sustainable finance and to lead the way in building a more sustainable and resilient future for all.”

The awards recognize QNB’s proactive initiatives to finance projects designed to mitigate the negative impacts of climate change and build a more sustainable future.

“It is a testimony to QNB’s market-leading Sustainable Finance and Product Framework, aligned with international principles and practices, to integrate environmental, social, and governance (ESG) factors into its financing decisions, and to promote the development of sustainable financing and the transition towards a low-carbon economy,” as per the statement.

Top Picks | SVC invests $30mn in Olive Rock Partners Fund I