UN Sustainable Development Goals and external commitments
QNB Group is committed to international frameworks and guidelines, in addition to the United Nations Sustainable Development Goals and has developed sustainability strategy in line with these national and international frameworks. The Group reports its performance publicly and in accordance with the widely established Global Reporting Initiative (GRI) Standards.
United Nations Sustainable Development Goals
The United Nations Sustainable Development Goals (SDGs) are the principle global framework for sustainability. Their aim is to protect the planet, end poverty, fight inequalities and ensure prosperity.
Launched in 2016, through to 2030, the 17 goals are underpinned by 169 detailed targets and apply to every nation …and every sector. Cities, businesses, schools, organisations, all are challenged to act.
To achieve the Sustainable Development Goals, it is estimated between $5-7 trillion dollars of annual investment is needed across sectors and industries, between now and 2030.
United Nations Environment Programme Finance Initiative “UNEP FI”
QNB became a member of the United Nations Environment Programme Finance Initiative “UNEP FI” and a signatory to the Principles of Responsible Banking “PRB”. Being a specialized framework for ensuring that the strategy and practices of signatory banks align with the Sustainable Development Goals and the Paris Climate Agreement.
QNB ’s membership in the UNEP FI stems from its belief in the importance of the role of sustainable finance. The membership supports global and national sustainable commitments and goals. The UNEP FI encourages and promotes financial institutions to create a sustainable financial sector and facilitates knowledge development and sharing to help shape and scale up sustainable finance.
United Nations Global Compact
The United Nations Global Compact (UNGC), the world’s largest corporate sustainability initiative, consists of ten principles to promote better business practices in the areas of human rights, labor, environment and anti-corruption.
In 2019, QNB Group joined the UNGC and committed to making the principles part of its strategy, culture and day-to-day operations. In support of public accountability and transparency, QNB Group reports on progress annually.