As part of Doha Bank’s efforts to strengthen its leadership in adopting the best global practices related to environmental, social, and governance standards, the bank announced a partnership with the Gulf Organisation for Research and Development (GORD), a leading organisation supporting sustainability practices and addressing climate change.

In this regard, the GCEO of Doha Bank, Sheikh Abdulrahman bin Fahad Al Thani, stated that this partnership is in line with the bank’s approach to developing its environmental, social, and corporate governance practices as part of a comprehensive transformation process the bank is undergoing. He highlighted the role of the Gulf Organisation for Research and Development and its expertise in charting a strategic roadmap to integrate these standards into all of the bank’s operations.

Dr. Yousef Alhorr, Founding Chairman of GORD, said, “The collaboration between GORD and Doha Bank will not only solidify our shared commitment to environmental and social responsibility, but also demonstrably enhance the bank’s investor sentiment.” He explained that GORD’s comprehensive ESG services will encompass strategic guidance and integration, from developing a tailored ESG strategy in line with international standards and Qatar Central Bank’s requirements, to identifying material issues and integrating them into the bank’s core operations – from lending and investment practices to product development. “Climate change presents both challenges and opportunities. By effectively managing climate-related financial risks and adhering to evolving regulations surrounding ESG disclosure and reporting, we strive to position Doha Bank as a leader in Qatar’s sustainable finance ecosystem,” added Dr. Alhorr.

The implementation process will be carried out in phases, beginning with aligning the bank's strategy in environmental, social, and governance areas with Qatar's National Vision 2030. Subsequently, the second phase will focus on developing strategies to identify climate-related risks and opportunities and managing them efficiently and in line with the best global practices. This will further enhance Doha Bank's leading position in sustainable finance in the region.