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Morningstar Sustainalytics evaluated Doha Bank Sustainable Finance Framework in May 2023.
The Doha Bank Sustainable Finance Framework Second Party Opinion contains information developed by Sustainalytics (www.sustainalytics.com). Such information and data are proprietary of Sustainalytics and/or its third-party suppliers (Third Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legal-disclaimers.
Doha Bank’s Approach to Reporting
Doha Bank was the first Qatari bank to publish the Corporate, Social and Responsibility report in 2009. The Bank was also the first Qatari Bank to publish the Sustainability Report, since 2011. Doha Bank sustainability reporting is aligned to the GRI Universal Standards Framework ‘GRI’ and the Qatar Stock Exchange (QSE) ESG reporting methodology. Since 2016, Doha Bank has increased the scope of it’s reporting to include several of the required parameters by GRI and all of the parameters of the QSE ESG disclosures, further evidence of our commitment to the ongoing sustainability journey at the bank.
It is important to note that Sustainability in our approach to business and to all stakeholders will be the cornerstone of growth at Doha Bank over a much longer period as we build upon our growth trajectory as a domestic, regional, and international institution. Doha Bank has created a significant socio-economic impact through its substantial contribution towards job creation, Qatarisation, and community development.
A key factor in our sustainability programme in the short term is to address locally reducing the banks carbon footprint, while committed to the Qatar National Vision 2030 targets.
Effective and regular engagement with all Doha Bank’s stakeholders has earned the Bank external recognitions in Qatar and beyond. Doha Bank’s external recognitions earned in 2022 are ‘Best Digital Wallet App’ and ‘Best Bank in Corporate Governance Qatar’ from Global Business Review Magazine, ‘Most Socially Responsible Commercial Bank Qatar’ from World Business Outlook, and ‘Most Innovative Banking Brand Qatar’ and ‘Best Bank for Credit Card Qatar’ from Global Brand Awards.
Doha Bank’s Approach to Communication on Progress (COP)
The Bank’s Sustainability Report is a supplementary communication on progress including the banks’ other full year publishing’s:
As on 25 November 2022, Doha Bank received an MSCI ESG Rating of BB.
Disclaimer: The use by Doha Bank of any MSCI ESG Research LLC or its affiliates (“MSCI”) data, and the use of MSCI Logos, Trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Doha Bank by MSCI. MSCI services and data are the property of MSCI or its information providers and are provided ‘as-is’ and without warranty. MSCI names and logos are trademarks or service marks of MSCI.
United Nations Sustainable Development Goals