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 21 is lower than 81% 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 2022, Qatar Islamic Bank (QIB) reported total carbon emissions of approximately 6,721,140 kg CO2e, comprising 57,040 kg CO2e from Scope 1 and 6,665,100 kg CO2e from Scope 2 emissions. The bank has not disclosed emissions data for 2023, nor does it have any reported Scope 3 emissions. QIB has not set specific reduction targets or initiatives as part of its climate commitments, and there are no climate pledges or SBTi targets in place. The bank's emissions data is not cascaded from any parent organization, indicating that it operates independently in its sustainability reporting. Overall, while QIB has made strides in transparency regarding its emissions, further commitments and reduction strategies would enhance its climate action 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 | - | - | - | - |
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.
