Qatar emerging as leader in sustainable finance – The Peninsula

Qatar emerging as leader in sustainable finance – The Peninsula

Doha, Qatar: Qatar is emerging as a leader in sustainable finance with successful green bond issuances, poised to expand its market and attract diverse investors in the MENA region. The country is actively embracing sustainable finance principles to align with Qatar National Vision 2030 and UN SDGs, fostering a resilient, inclusive economy while addressing climate change and contributing to global sustainability.

Qatar’s financial services industry’s commitment to sustainable finance will be pivotal in achieving both national and global sustainability goals, latest edition of ‘Qatar Banking Perspectives’ report by KPMG stated. “As the country continues to diversify its economy, the financial services industry has a unique opportunity to drive sustainable development. By integrating sustainable finance principles, developing innovative products, and fostering collaboration among stakeholders, the industry can shape a resilient and prosperous future,” it noted.

Embracing sustainable finance practices not only addresses global challenges but also enhances the industry’s reputation, attracts new investors, and positions Qatar as a leader in sustainable finance within the region.

Green bonds and sustainable debt instruments have gained significant traction globally. These financial products raise capital specifically for environmentally friendly projects, such as renewable energy infrastructure, energy efficient buildings, and sustainable agriculture.

The report further said, Qatar has already made