Commercial Bank establishes Sustainable Finance Framework

Commercial Bank establishes Sustainable Finance Framework

Commercial Bank has launched its inaugural ‘Sustainable Finance Framework’, which will further its commitment to support projects enable the transition to a low carbon and climate resilient economy as well as positive societal impact, in line with the Qatar National Vision 2030.Under the framework, Commercial Bank can issue green, social or sustainability-labelled instruments such as bonds, sukuk and loans. The framework includes categories related to renewable energy, clean transportation, green buildings, energy efficiency, sustainable water and wastewater management, pollution prevention and control, employment generation, food security and sustainable food systems, access to essential services, and affordable basic infrastructure.The framework is aligned with the International Capital Market Association’s (ICMA) Green Bond Principles, Social Bond Principles, and Sustainability Bond Guidelines, as well as the Green Loan Principles and Social Loan principles, published by the Loan Market Association, the Asia Pacific Loan Market Association and the Loan Syndications & Trading Association's (LMA, APLMA and LSTA).Commercial Bank has obtained a Second Party Opinion (SPO) from Sustainalytics, a Morningstar Company, which is a leading and independent ESG research, ratings, and analytics firm. Sustainalytics provided the opinion that the framework is credible and impactful, and affirmed its alignment with the relevant sustainable finance market principles.The SPO