Qatar Development bank (Q.S.C.C.) Sustainability Profile
Qatar Development Bank (Q.S.C.C.), headquartered in Doha, Qatar, plays a pivotal role in the nation’s economic landscape. Established in 1997, the bank focuses on fostering sustainable development through various financial services tailored for small and medium-sized enterprises (SMEs), entrepreneurs, and large corporations. With a commitment to enhancing the private sector, Qatar Development Bank offers unique products such as financing solutions, advisory services, and capacity-building initiatives. Its strategic approach has positioned the bank as a leader in the Qatari banking industry, contributing significantly to the diversification of the economy. Notable achievements include its support for innovative projects and initiatives that align with Qatar's National Vision 2030, reinforcing its status as a key player in the region's development.
DitchCarbon Score
How does Qatar Development bank (Q.S.C.C.)'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Qatar Development bank (Q.S.C.C.)'s score of 23 is lower than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Qatar Development bank (Q.S.C.C.)'s reported carbon emissions
In 2013, Qatar Development Bank (Q.S.C.C.) reported significant carbon emissions, with Scope 1 emissions amounting to approximately 5,759,262,000 kg CO2e. This data highlights the bank's substantial carbon footprint within Qatar (QA). While the bank has not disclosed specific reduction targets or initiatives, it is essential to note that there are no reported climate pledges or commitments to the Science Based Targets initiative (SBTi). The absence of such commitments suggests that Qatar Development Bank may be in the early stages of developing a comprehensive climate strategy. The emissions data is not cascaded from any parent organization, indicating that the figures are solely representative of Qatar Development Bank's own operations. As the bank continues to navigate its environmental responsibilities, future commitments and initiatives may emerge to address its carbon emissions and align with global climate goals.
How Carbon Intensive is Qatar Development bank (Q.S.C.C.)'s Industry?
How Carbon Intensive is Qatar Development bank (Q.S.C.C.)'s Location?
Qatar Development bank (Q.S.C.C.)'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Qatar Development bank (Q.S.C.C.) has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
