Qatar’s QNB, GORD pen deal to promote sustainable building practices

Qatar’s QNB, GORD pen deal to promote sustainable building practices

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Qatar-based multinational commercial financial institution, Qatar National Bank (QNB) has signed an agreement with the Gulf Organization for Research and Development (GORD) to promote sustainable building techniques through the implementation of the Global Sustainability Assessment System (GSAS).

QNB will offer green mortgage promotions to real estate developments seeking GSAS green building certifications as part of the deal.

According to the statement, “QNB is the first in the region to apply GSAS metrics as part of its efforts towards sustainable development, and dedication to its customers to always offer innovative solutions through its products and services.” This alliance with GORD will lead to introducing further attractive promotional interest rates for green properties and assets.

This MOU strengthens the Group’s efforts in reducing climate change impacts with its distinctive goods and services that stimulate a change in customer behavior towards more sustainable practices.

The group’s lead in regional rankings, where it obtained an ‘AA’ ESG rating from MSCI, has been made possible by continued action and a focus on sustainable efforts. Additionally, the group was recognized by the Climate Bonds Initiative (CBI) as a ‘Green Pioneer in Qatar.’

Further, it has received the Global Finance Sustainable Finance Awards for ‘Outstanding Sustainable Financing in Emerging Markets’ and