QNB And GORD Sign Mou To Advance Sustainable Finance Solutions
Doha, Qatar: QNB Group, a leading financial institution in the Middle East and Africa, and the Gulf Organisation for Research & Development (GORD) have signed a Memorandum of Understanding (MoU) to explore and jointly develop sustainable finance solutions for qualifying corporate projects in Qatar.
The collaboration will combine QNB's corporate banking and financing capabil ities with GORD's expertise in the Global Sustainability Assessment System (GSAS), cer tification support, sustainability advisory services, impact meas urement and reporting, and capacity building.
Under the MoU, the two organisations will explore potential initiatives including GSAS-linked green financing products and incentive struc tures, integrated financing and advisory solutions, client awareness campaigns, and training and knowledge-sharing programmes.
Commenting on the signing, Senior Executive Vice President, Group Corporate and Institu tional Banking at QNB Group, Khalid Ahmed Al-Sada, said:“This collaboration brings together complementary financial and technical expertise to support corporate clients seeking to advance credible sustainability objectives. By combining QNB's financing capabilities and understanding of clients' evolving needs with GORD's GSAS certification and advisory expertise, we aim to explore solutions that support qualifying projects with meas urable sustainability outcomes.”
“The MoU also reflects our continued commitment to embedding sustainability into our corporate banking solu tions and helping clients pro gress towards more sus tainable business practices and investments. Through this col laboration, we are supporting Qatar National Vision 2030 and advancing QNB Group's Net Zero 2050 Commitment.”
Commenting on the agreement, Founding Chairman of GORD, Dr. Yousef Alhorr, said:“By bringing sus tainable finance and credible sustainability assessment closer together, this collabo ration can help businesses translate environmental com mitments into practical investment decisions.
Through GORD's technical expertise and the GSAS framework, we aim to support financing solutions that reward stronger environ mental performance and help accelerate sustainable investment across key sectors in Qatar.”
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