QSE on track to be ESG hub with lead in sustainable metrics – MENAFN.COM

sustainable, esg, menafn, qse, country,
Qatar
  • Date: 23-Sep-2021
  • Source: MENAFN
  • Sector: Oil & Gas
  • Country: Qatar
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QSE on track to be ESG hub with lead in sustainable metrics – MENAFN.COM

(MENAFN- Gulf Times) Amid record demand for sustainable finance to fund increasingly specific ways of mitigating climate change, globally, more than $41tn is now estimated to be invested using“environmental, social, and governance” (ESG) analyses. With Qatar attaching great importance to sustainable development, the country has long advocated an inclusive doctrine that envisages a forward-looking medley of environment friendly policy framework, social progress and economic growth with acceptable governance. And the Qatar Stock Exchange (QSE) is now aiming to turn Doha into a global hub for ESG investors. Green bonds, sukuk and ESG funds issued by Qatar are soon expected to be in place as the country is“primed” to take advantage of the trend of carbon reduction target, according to a top official of the Qatar Financial Centre. With Qatar Petroleum's aggressive green investments, the QSE's guidance on ESG reporting, and the QFC's institutional backing, there is a strong likelihood Qatar-issued green bonds, sukuks and ESG funds will be launched shortly,” Thaddeus Malesa, senior adviser for Economics and Research, QFC Authority, said recently. In the Gulf, the QSE has been a pioneer in promoting practices that underpin sustainable investment metrics.

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