Qatar Chamber stresses role of ESG standards in boosting business competitiveness

Qatar Chamber First Vice Chairman Mohamed bin Ahmed bin Twar Al Kuwari highlighted the increasing significance of Environmental, Social and Governance (ESG) standards in the contemporary business landscape during the opening of the Third ESG Qatar Conference. He described ESG standards as vital catalysts for corporate sustainability, competitiveness, resilience and long-term economic growth in the face of shifting global economic conditions.

The conference, which convened senior officials, business leaders, sustainability experts and representatives from the private sector, explored emerging ESG trends and the role of responsible business practices in fostering sustainable economic development. Notable attendees included former Gulf Cooperation Council Secretary-General, HE Abdulrahman bin Hamad Al Attiyah, Qatar National Library President, HE Dr Hamad bin Abdulaziz Al Kuwari, and Qatar Chamber Vice Chairman, Sheikh Dr Thani bin Ali Al Thani.

Bin Twar emphasized Qatar Chamber's dedication to promoting responsible governance and sustainability practices across the private sector, stressing their significance in enhancing corporate efficiency, risk management, competitiveness and long-term business sustainability. The adoption of ESG principles, he explained, would bolster Qatar's transition towards a diversified, knowledge-based economy and contribute to the objectives of Qatar National Vision 2030 and the United Nations Sustainable Development Goals.

The conference's digital platform aims to streamline corporate ESG reporting by providing a structured framework for aligning institutional data and regulatory disclosure requirements with global ESG standards.