Climate Change Data

Environmental Metrics

ESG Focus Areas

• Integrity
• Sustainable Finance
• Responsible Banking Operations
• Employee Well-being
• Community Investment

Environmental Achievements

• Significant paper reduction through digitalization of services and product offerings.
• Retrofitting lights to energy-efficient LEDs.
• Implementation of energy-saving practices among staff.
• Tracking fleet's fuel consumption since mid-2021.
• Focus on acquiring high-quality office buildings with high insulation materials.

Social Achievements

• Donated QAR 2.5 million to the Qatar Sports Fund.
• Partnered with Al Safa Polyclinic and AON Qatar to organize a breast cancer awareness campaign.
• Organized a blood donation drive in cooperation with Hamad Medical Corporation (HMC).
• Launched QFB Mobile Application to improve customer service and streamline client needs.
• Won the “Best Corporate and Investment Bank” award in Qatar at Asiamoney Best Bank Awards 2021.

Governance Achievements

• Strict adherence to Anti-Bribery/Anti-Corruption Code.
• Separation of Chairman and CEO roles to prevent conflicts of interest.
• Virtual Annual General Assembly (AGA) held for fair and transparent voting.
• Monitoring liquidity risk through Liquidity Coverage Ratio (LCR) and Capital Adequacy Ratio (CAR).
• All products and services reviewed and approved by the Shari’a Supervisory Board (SSB) as Shari’a-compliant.

Climate Goals & Targets

Environmental Challenges

• Losses due to the pandemic and negative macroeconomic and regulatory environment.
• Threats to structural stability due to prolonged economic downfall.
• Challenges in sustaining support measures during the pandemic.
• Risks to the established business model due to digital transformation.

Mitigation Strategies

• Implementation of a better business strategy leading to the highest net profit in six years in 2021.
• Focus on portfolio returns and seeking safe investment opportunities.
• Embedding ESG principles into financing activities to generate profit in a meaningful way.
• Digitalization efforts to improve customer service and data security.

Supply Chain Management

Responsible Procurement

• Prioritizing procurement from local suppliers whenever feasible.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Sustainable Development Goals (SDGs), Qatar Stock Exchange ESG Reporting Guidance, Qatar National Vision 2030

Certifications: ISO 27001 (planned re-certification)

UN Sustainable Development Goals

• SDG #1 (No Poverty)
• SDG #2 (Zero Hunger)
• SDG #4 (Quality Education)
• SDG #7 (Affordable and Clean Energy)
• SDG #10 (Reduced Inequalities)

Alignment of Islamic finance principles (Zakat, Maqasid al-Shari'a) with various SDGs.

Awards & Recognition

• Best Corporate and Investment Bank in Qatar (Asiamoney Best Bank Awards 2021)

Environmental Metrics

ESG Focus Areas

• Environmental Stewardship
• Social Responsibility
• Corporate Governance

Environmental Achievements

• Reduction in average monthly electricity consumption in 2023 compared to 2022
• Reduced energy consumption led to emission reduction
• Redirected waste away from disposal and ensured its collection for recycling

Social Achievements

• Zero incidents of injury in the workplace
• Zero incidents of child labor in our operations and supply chain
• 100% of employees who received career reviews as per career development programs

Governance Achievements

• Implementation of a Whistleblowing Policy
• No significant complaints reported in 2023 related to whistleblowing
• Approval of Corporate Social Responsibility & ESG Policy by the Board in December 2023

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Euromoney Market Leaders 2022 (Investment Banking, CSR, Digital Solutions, Islamic Finance)
• MEED MENA Banking Excellence Awards 2023 (MENA Asset Manager of the Year, Most Effective Investment Service Offering)
• EMEA Finance ME Banking Awards 2022 (Best Asset Manager in Qatar)
• The Asset Triple A Islamic Finance Awards
• Global Banking & Finance Awards
• International Business Magazine Awards
• Great Place to Work® certification
• Best Workplaces for Women in the GCC 2023
• Best Workplaces in Asia™ 2023
• Euromoney Awards for Excellence 2023 (Best Bank for Diversity & Inclusion in Qatar)