Doha, Qatar: Doha Bank is pleased to announce the launch of its Sustainable Finance Framework, a step that showcases its strong commitment and alignment to the goals of the Qatar National Vision 2030.
Commenting via its independent Second Party Opinion of the Framework, Morningstar Sustainalytics, a leading ESG research, ratings, and data firm, found the Framework to be ‘credible’, ‘impactful’, and positively aligned with industry standards.
With this launch, Doha Bank paves the way for the issuance of various ESG-aligned debt and capital instruments, including bonds and private placements, under its Euro Medium Term Note (EMTN) program.
“Doha Bank is dedicated to fostering sustainable development and supporting the transition to a greener, more inclusive economy. The Sustainable Finance Framework signifies our unwavering commitment to this goal,” said Gudni Stiholt Adalsteinsson, Acting CEO of Doha Bank.
“We are truly honored that Doha Bank has chosen Deutsche Bank as ESG Coordinator to accompany them in developing a credible and ICMA Principle-aligned sustainable finance program, which was externally validated by Morningstar Sustainalytics. ESG is a core element of Deutsche Bank’s strategy and as a global Financial Institution, we play a critical role in supporting our Clients to raise capital to support the ecological and sustainable transition. We congratulate Doha Bank for this key milestone in their sustainability journey”, said Abdeslam Alaoui, head of CEEMA Capital Markets at Deutsche Bank.
