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(MENAFN – Gulf Instances) Doha Financial institution has gained the ‘Golden Peacock World Award for Sustainability 2020′, with Doha Financial institution Group CEO Dr R Seetharaman receiving the award in a ceremony held on-line.
The occasion was hosted by Institute of Administrators, India, and attended by distinguished bankers, teachers, environmentalists, economists, legislators and coverage makers.
Seetharaman mentioned, ‘It is a milestone achievement in our efforts in direction of sustainability. It provides us a lift to strengthen our efforts in direction of sustainable growth. Doha Financial institution will proceed to work on sustainable growth of its stakeholders.
‘Inexperienced Banking and Local weather Change Financing are the important thing initiatives to advertise inexperienced economies. Doha Financial institution advocates and practices Inexperienced Banking, which is among the core enterprise philosophies that can help sustainability into the long run. Banks ought to align lending actions with environmental trigger.
He added: ‘They need to develop environmental and social threat administration and increase the scope of threat administration to incorporate social and setting threat additionally. Public Personal Partnership (PPP) fashions can probably deal with the challenges posed by local weather change and there ought to be insurance policies to draw personal sector funding.
Attributable to Doha Financial institution’s unwavering dedication to carbon neutrality, the financial institution signed a Memorandum of Understanding (MoU) with Gulf Organisation for Analysis and Improvement (GORD) to discover areas of mutual collaboration in sustainability and carbon neutrality.
Doha Financial institution, a pioneer in Qatar for annual sustainability disclosures, has been publishing these disclosures for greater than a decade. Its sustainability reporting is guided by the Qatar Inventory Alternate (QSE) ESG reporting methodology since 2016. Doha Financial institution was the primary listed firm on the Qatar Inventory Alternate to be included within the FTSE4Good Index and the financial institution additionally obtained an MSCI ESG Score of BB.
Doha Financial institution additional helps the ten rules of the UN world compact on human rights, labour, setting, and anti-corruption. ‘Sustainability is our method to enterprise and to all stakeholders, and shall be a journey that can result in progress at Doha Financial institution, the financial institution mentioned in an announcement.
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