QNB

In 2023, QNB reported total carbon emissions of approximately 63,072,000 kg CO2e, with significant contributions from Scope 1 and Scope 2 emissions, amounting to about 11,100,000 kg CO2e and 51,971,000 kg CO2e, respectively. Additionally, Scope 3 emissions from business travel were recorded at approximately 1,375,000 kg CO2e. Over the years, QNB has shown fluctuations in its emissions. For instance, in 2022, total emissions were about 63,097,000 kg CO2e, with Scope 1 emissions at approximately 10,965,000 kg CO2e and Scope 2 emissions at around 52,132,000 kg CO2e. The bank's emissions in 2021 were reported at approximately 63,610,000 kg CO2e, with Scope 1 and Scope 2 emissions contributing significantly to this total. Despite these figures, QNB has not publicly disclosed specific reduction targets or initiatives aimed at decreasing its carbon footprint. The absence of documented reduction targets suggests that while the bank is aware of its emissions, it may not have formalised commitments to reduce them in line with industry standards or climate pledges. Overall, QNB's emissions data highlights the need for enhanced climate commitments and strategies to effectively manage and reduce its carbon footprint in the coming years.