Qatar Islamic Bank Sustainability Profile
Qatar Islamic Bank (QIB), established in 1997, is a leading financial institution headquartered in Doha, Qatar. As a prominent player in the Islamic banking sector, QIB operates primarily in the Gulf Cooperation Council (GCC) region, offering a comprehensive range of Sharia-compliant financial products and services. The bank's core offerings include retail banking, corporate banking, investment services, and treasury solutions, all designed to meet the diverse needs of its clientele. QIB is renowned for its innovative approach to Islamic finance, consistently introducing unique products that align with Islamic principles. With a strong market position, QIB has achieved numerous accolades, reflecting its commitment to excellence and customer satisfaction. The bank continues to play a pivotal role in the economic development of Qatar, contributing to the growth of the Islamic banking industry.
DitchCarbon Score
How does Qatar Islamic Bank'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 Islamic Bank's score of 27 is lower than 52% 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 Islamic Bank's reported carbon emissions
In 2024, Qatar Islamic Bank (QIB) reported total carbon emissions of approximately 5,257,480 kg CO2e, comprising 86,570 kg CO2e from Scope 1 and 5,170,910 kg CO2e from Scope 2 emissions. This marks a slight increase in emissions compared to 2023, where total emissions were about 5,387,130 kg CO2e, with Scope 1 emissions at 87,750 kg CO2e and Scope 2 emissions at 4,995,380 kg CO2e. Over the past few years, QIB has demonstrated a commitment to reducing its carbon footprint. In 2022, the bank's emissions were approximately 6,721,140 kg CO2e, with Scope 1 emissions at 57,040 kg CO2e and Scope 2 emissions at 6,665,100 kg CO2e. This indicates a trend of increasing emissions in recent years, despite efforts to manage and mitigate their environmental impact. Currently, QIB has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The bank's emissions data is self-reported and does not cascade from any parent organization, indicating that QIB is independently managing its sustainability efforts. As QIB continues to operate in a rapidly evolving climate landscape, its future commitments and strategies will be crucial in addressing its carbon emissions and enhancing its sustainability profile.
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| 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|
| Scope 1 | 39,950 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 5,237,791 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - |
How Carbon Intensive is Qatar Islamic Bank's Industry?
How Carbon Intensive is Qatar Islamic Bank's Location?
Qatar Islamic Bank'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 Islamic Bank 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.
