background image

QCB sustainability strategy to create room for ESG bonds, sukuk: Fitch

author image

By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the full piece on Gulf Times or enjoy below:

🗞️ Driving the news: The Qatar Central Bank (QCB) is advancing its ESG and sustainability strategy, aiming to integrate ESG bonds and sukuk into its financial ecosystem
• This initiative, highlighted by Fitch, aims to position Qatar as a leader in sustainable finance

🔭 The context: QCB's strategy is built on three pillars: managing climate and social risks, promoting capital investments in sustainable finance, and incorporating ESG practices within its operations
• The inclusion of sukuk, which are Shariah-compliant financial instruments, underscores a significant development in regional sustainable finance

🌍 Why it matters for the planet: By aligning financial practices with ESG principles, QCB supports environmentally friendly projects and contributes to global sustainability goals
• This strategy also attracts international investors focused on ESG

⏭️ What's next: The growth of ESG sukuk is expected to continue, potentially reaching over 7.5% of global sukuk by end of the decade
• QCB's initiatives align with Qatar's National Vision 2030, aiming to foster innovation and capital mobilisation in sustainable finance

💬 One quote: "The QCB aims to position Qatar at the forefront of sustainable finance, making it an attractive destination for investors seeking opportunities that align with ESG,’’ says Fitch

📈 One stat: Outstanding ESG sukuk grew significantly, reaching $40 billion by the end of Q1 2024.

Click for more news covering the latest on sustainable finance

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices

Related Posts

You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)