QNB Group, the largest financial institution in the Middle East and Africa, has announced its sponsorship for Qatar Sustainability Week 2020 organised by Qatar Green Building Council (QGBC), a member of Qatar Foundation (QF).
QNB’s sponsorship of this annual event comes as part of its ongoing commitment towards the environment, according to a statement.
"QNB aims to contribute positively to address various environmental and social challenges that have a long-term impact and further raise awareness amongst its employees and customers on the importance of sustainability issues.
"In this regard, QNB pledged to promote a culture of sustainability through implementing sustainable practices to achieve the goals outlined in Qatar National Vision 2030.
"The Group continues to progress on the execution of its sustainability strategy through its commitments to various national and global sustainable business practices. In Qatar, QNB ranked for the second consecutive year as number one on the Qatar Stock Exchange ESG performance leaderboard.
"On the international front, QNB reiterated its commitment to the United Nations Global Compact (UNGC) as a signatory by publishing its first ‘Communication on Progress’ (COP), highlighting the Group’s efforts to promote better business practices in the areas of human rights, labor and environment.
"In addition, QNB has recently become the first Financial Institution in Qatar to issue a Green Bond on the London Stock Exchange. This bond will support the transition to an environmentally-friendly ecosystem through the financing of several large green projects in Qatar and across our international markets.
"QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents, providing a comprehensive range of advanced products and services. It has more than 29,000 employees operating through 1,100 locations, with an ATM network of more than 4,300 machines."