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 67% 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 totalling approximately 5,759,262,000 kg CO2e. This figure highlights the bank's direct greenhouse gas emissions from its operations. Currently, there are no reported Scope 2 or Scope 3 emissions, indicating a lack of data on indirect emissions from energy consumption and value chain activities. Despite the substantial emissions reported, Qatar Development Bank has not established specific reduction targets or initiatives as part of its climate commitments. There are no climate pledges or Science-Based Targets Initiative (SBTi) targets in place, suggesting that the bank has yet to formalise a comprehensive strategy for reducing its carbon footprint. The absence of reduction initiatives and targets may reflect broader industry trends, where financial institutions are increasingly recognising the importance of sustainability but may still be in the early stages of implementing robust climate action plans. As the bank continues to evolve, it may consider setting measurable goals to align with global climate commitments and enhance its environmental performance.
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.
