Doha Bank, due to its commendable contribution to sustainability, won the prestigious Golden Peacock Global Award for sustainability 2020.
It is one of the most prestigious banks and, CEO, Doha Bank Group, Dr. R. Seetharaman received the prestigious award in a virtual ceremony held online. Institute of Directors, India hosted the event which was attended by distinguished bankers, academics, environmentalists, economists, legislators and policy makers.
After receiving the award Dr. R. Seetharaman said, “This is a milestone achievement in our efforts towards sustainability. It gives us a boost to strengthen our efforts towards sustainable development. Doha Bank will continue to work on sustainable development of its stakeholders. Green Banking and Climate Change Financing are the key initiatives to promote green economies.”
“Doha Bank advocates and practices Green Banking, which is one of the core business philosophies that will support sustainability into the future. Banks should align lending activities with environmental cause. They should develop environmental and Social Risk Management and expand the scope of risk management to include Social and environment risk also. Public Private Partnership (PPP) models can potentially address the challenges posed by climate change and there should be policies to attract private sector investment.”
Doha Bank has maintained an unwavering commitment to Carbon Neutrality. Further on, the Bank has signed a Memorandum of Understanding (MOU) with Gulf Organisation for Research and Development (GORD) to explore areas of mutual collaboration in sustainability and carbon neutrality. It is also to be noted that Doha Bank is a pioneer in Qatar for annual sustainability disclosures and has been publishing these disclosures for more than a decade. Their sustainability reporting is guided by the Qatar Stock Exchange (QSE) ESG reporting methodology since 2016. Doha Bank was the first listed company on the Qatar Stock Exchange to be included in the FTSE4Good Index and the bank also received an MSCI ESG Rating of BB.
SOURCE : COVER