Gord signs MoU with Doha Bank

The Gulf Organisation for Research and Development (Gord) signed a memorandum of understating (MoU) with Doha Bank on the sidelines of the 27th session of the Conference of the Parties (COP27) to the UN Framework Convention on Climate Change (UNFCCC), currently taking place Egypt.

In line with Qatar National Vision 2030 and the National Climate Change Action Plan, the MoU will facilitate Doha Bank to boost the bank’s green initiatives and develop framework for a robust sustainability strategy and ESG compliance with support from Gord’s experience and expertise in the sustainability landscape.

Founding chairman of Gord, Dr Yousef Alhorr, who signed on behalf of Gord, said: “We are collaborating with Doha Bank to establish a foundational framework for the environmental footprint of organisations operating in the financial and business sector.”

The signatory on behalf of Doha Bank, Yousef Abdulla alMeer, head of Strategy, Marketing & ESG of the bank, said: “Through our ongoing strategic partnership with the Gulf Organisation for Research and Development, Doha Bank is con- tinuing its commitment to the environment to reduce our carbon footprint and support Qatar’s vision of a sustainable and carbon neutral economy. At Doha Bank, as a financial institution, we maintain sustainability in our approach to business and to all stakeholders as a cornerstone of future growth. This would enable us to enhance our position locally, regionally and internationally in developing, supporting and contributing to green and ecofriendly solutions.”

At COP27, Doha Bank will also join the Gord Pavilion as the Eco-Champion of Destination Green Programme — a multistakeholder initiative gathering organisations to share their success stories in sustainability by showcasing them at international platforms such as COP27.

Doha Bank is the first bank in Qatar to sign an agreement with the UN for environmental, social and institutional sustainability standards. It is also the first bank in Qatar to launch green banking products such as the green account, green car loans, green real estate facilities and other services and products.

Gord is a non-profit organisation spearheading Mena region’s sustainability milieu.

Headquartered at Qatar Science and Technology Park, Gord drives the transformation of societies, industries, and the built environment by influencing corporate ethos, fostering innovation, and developing capacity to enable low-carbon sustainable growth for present and future generations.