Qatar Islamic Bank
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 higher than 66% 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 2023, Qatar Islamic Bank (QIB) reported total carbon emissions of approximately 5,083,130 kg CO2e, comprising 87,750 kg CO2e from Scope 1 and about 4,995,380 kg CO2e from Scope 2 emissions. This marked a decrease from the previous year's total emissions of approximately 6,722,140 kg CO2e in 2022, which included 57,040 kg CO2e from Scope 1 and about 6,665,100 kg CO2e from Scope 2. Over the years, QIB's emissions have fluctuated, with 2021 seeing total emissions of approximately 4,392,310 kg CO2e, including 51,200 kg CO2e from Scope 1 and about 4,341,107 kg CO2e from Scope 2. In 2020, the bank reported total emissions of approximately 4,182,368 kg CO2e, with 24,630 kg CO2e from Scope 1 and about 4,157,738 kg CO2e from Scope 2. The emissions for 2019 were approximately 5,237,741 kg CO2e, with 39,950 kg CO2e from Scope 1 and about 5,237,741 kg CO2e from Scope 2. Despite these figures, QIB has not disclosed specific reduction targets or initiatives related to carbon emissions. The bank's commitment to sustainability is evident, but further details on its climate strategies or pledges are not available.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 39,950 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 5,237,791 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Qatar Islamic Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
