Ahlibank Publishes Inaugural ESG Report, Strengthening Climate-Risk Management and Sustainability Efforts
Doha, Qatar – Ahlibank Q.P.S.C. has unveiled its first standalone Environmental, Social, and Governance (ESG) Report, a pivotal step in the Bank’s commitment to sustainability. This report signifies a transition from ESG aspirations to structured implementation, showcasing the Bank’s robust climate resilience through prudent diversification and minimal exposure to sectors vulnerable to climate-related risks.
Advancements in Climate-Risk Management
The report highlights significant advancements in Ahlibank’s climate-risk management capabilities. By measuring financed emissions across over 92% of its portfolio and conducting climate scenario analyses aligned with the Network for Greening the Financial System (NGFS), the Bank has fortified its understanding of climate-related risks. Comprehensive ESG risk assessments and materiality evaluations further underscore its commitment to integrating ESG considerations into decision-making processes.
Ahlibank has established a dedicated ESG Unit and activated a cross-functional ESG Working Group, complemented by a C-Suite ESG Committee. These initiatives are designed to ensure that sustainability becomes an integral part of the Bank’s operations and customer service.
Commitment to Transparency and Accountability
The publication of the ESG Report reinforces Ahlibank’s dedication to transparency and accountability in sustainability disclosures. As regulatory expectations evolve, the Bank is proactively preparing for future requirements. The report serves as a foundation for ongoing sustainability disclosures and ESG integration across the organization.
Hassan Ahmed Al Efrangi, Chief Executive Officer of Ahlibank, emphasized the importance of this report in the Bank’s evolution as a responsible financial institution. He noted that sustainability is increasingly vital in capital allocation, risk management, and long-term value creation. As Qatar pursues its economic diversification and sustainability goals under the Qatar National Vision 2030, Al Efrangi believes banks must play a crucial role in supporting this transition.
Sustainable Investment Framework
Ahlibank’s ESG Report also details the development of its Sustainable Finance Framework, which has led to an increased allocation to sustainable investments. Sustainable bonds now represent 12% of corporate exposures, while green bonds account for 4% of sovereign exposures. These figures illustrate the Bank’s commitment to embedding sustainability into its financing and investment strategies.
In addition to enhancing governance and climate-risk management, Ahlibank has generated QAR 1.57 billion in direct economic value and invested over QAR 22 million in community initiatives. These initiatives span healthcare, social welfare, workforce development, sports, and community empowerment, demonstrating the Bank’s commitment to creating a positive social and economic impact in Qatar.
Strengthening Governance and Reporting Capabilities
The report marks a foundational year in Ahlibank’s ESG journey, highlighting strengthened governance, risk management, and reporting capabilities. Enhanced climate-risk assessments and portfolio analyses have improved the Bank’s understanding of climate-related risks and opportunities. This foundation will facilitate the continued integration of ESG considerations into the Bank’s operations and decision-making processes.
Ahlibank’s focus on transparency and ethical conduct is evident in its sustainability disclosures, which align with recognized international frameworks such as the Sustainability Accounting Standards Board (SASB), the United Nations Global Compact (UNGC), and the Partnership for Carbon Accounting Financials (PCAF). The Bank has also laid the groundwork for future implementation of IFRS S1 and S2 standards.
Investment in Human Capital and Environmental Performance
The report reflects Ahlibank’s investment in human capital development, with 4,877 hours of employee training completed. Robust governance controls, whistleblowing mechanisms, and comprehensive anti-corruption training have contributed to zero reported corruption incidents during the reporting period. Environmentally, the Bank has recycled approximately 65% of its operational waste and established its first operational carbon emissions baseline, encompassing Scope 1, Scope 2, and Scope 3 emissions.
Ahlibank Q.P.S.C. has been a key player in Qatar’s financial landscape since its establishment in 1983, providing a wide range of banking services. The Bank remains committed to delivering modern and secure banking solutions while supporting economic growth and the development of Qatar’s financial sector.
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