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Doha Bank’s MSCI ESG rating upgraded to BBB

Tribune News NetworkDohaDoha Bank has received an upgrade of its MSCI ESG Rating from BB to BBB, reflecting the Bank’s strengthened environmental, social and governance (ESG) perfo...

Doha Bank’s MSCI ESG rating upgraded to BBB

Doha Bank's MSCI ESG rating has been upgraded from BB to BBB, indicating an improvement in the bank's environmental, social and governance (ESG) performance. This upgrade highlights the bank's enhanced transparency in sustainability disclosures and the progress made through its strategic transformation program. Doha Bank Group Chief Executive Officer Sheikh Abdulrahman bin Fahad bin Faisal Al Thani expressed his satisfaction with the achievement, stating that it underscores the success of the bank's institutional transformation efforts and the progress in strengthening ESG practices and risk management capabilities.

The MSCI ESG Ratings are globally recognized as a framework for assessing a company's resilience to financial risks related to ESG factors and its potential to benefit from ESG-related opportunities. The upgraded rating of BBB reflects Doha Bank's improved management of ESG considerations, aligning with its vision of creating long-term value for all stakeholders through responsible banking.

This achievement places Doha Bank among leading financial institutions in the region, reflecting the bank's commitment to sustainable growth in line with the Qatar National Vision 2030.

Written by urgent.news from Qatar Tribune Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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