Doha Bank Included in the FTSE4Good Emerging Index
The selection reinforces DOHA BANK’s position as a global sustainability leader in Qatar, with strong Environmental, Social and Governance (ESG) performance.
DOHA BANK has been selected in the FTSE4Good Emerging Index. The selection highlights DOHA BANK’s continued leadership in environmental, social and governance (ESG) performance. DOHA BANK was rated above the threshold for companies in emerging markets, as well as that of developed markets, by FTSE Russell. DOHA BANK was selected amongst 134 Financial Services companies from emerging markets, including China, Brazil, South Africa and GCC.
The Emerging Index comprises of companies selected through an assessment of over 300 data points that include:
- Environmental Pillar: Climate change action, environmental footprint, and environmental supply chain
- Social Pillar: Community initiatives, human rights and labour practices
- Governance Pillar: Corporate governance, customer responsibility, risk management and tax transparency
On being included in the FTSE4GOOD EMERGING INDEX, Dr. R. Seetharaman, CEO of Doha Bank said, “Doha Bank’s inclusion in FTSE4Good Emerging Index is a matter of great institutional pride and is a reflection of our consistent focus on prioritizing Corporate Governance, Risk Management and ESG performance. We believe that focusing on our Environmental & Social agenda coupled with best in class governance practices are the cornerstone of sustainable banking. This selection reiterates Doha Bank’s unmatched commitment to set benchmarks in climate action, community impact, and transparency.”
The FTSE4Good Emerging Index, launched in December 2016, assesses 1000+ companies across 47 countries and comprises 528 organisations while covering 23 emerging economies including Brazil, China, Malaysia, Mexico, Qatar, Russia, South Africa and UAE. The selection is effective from June 19, 2018, and would be valid till the next annual review.
About FTSE Russell
FTSE Russell is a leading global index provider creating and managing a wide range of indexes, data and analytic solutions to meet client needs across asset classes, style and strategies. Covering 98% of the investable market, FTSE Russell indexes offer a true picture of global markets, combined with the specialist knowledge gained from developing local benchmarks around the world.
FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $12.5 trillion is currently benchmarked to FTSE Russell indexes1. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create investment funds, ETFs, structured products and index-based derivatives. FTSE Russell indexes also provide clients with tools for asset allocation, investment strategy analysis and risk management.
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About Doha Bank
Doha Bank is one of the largest commercial banks in the State of Qatar and has been consistently registering a strong growth during the last decade with participative leadership philosophy.
Inaugurated in 1979, Doha Bank provides domestic and international banking services for individuals, commercial, corporate and institutional clients through four business groups – Wholesale Banking, Retail Banking, International Banking and Treasury & Investments.
Doha Bank has established overseas branches in Kuwait, Dubai (UAE), Abu Dhabi (UAE), Mumbai, Chennai and Kochi (India) as well as representative offices in Japan, China, Singapore, Hong Kong, South Africa, South Korea, Australia, Turkey, the United Kingdom, Canada, Germany, Bangladesh, Sri Lanka and Nepal.
Doha Bank has received numerous awards in recognition of its achievements. Doha Bank was adjudged as the ‘Best Regional Commercial Bank’ – The Banker Middle East for the 4th straight year. Doha Bank was recently awarded as ‘Bank of the Year – Qatar Domestic Trade Finance’ by Asian Banking & Finance. Additionally, Doha Bank has in the past claimed various other awards such as, ‘Bank of the Year’ – The Banker, ‘Best Commercial Bank in the Middle East’ – Global Banking & Finance, ‘Bank of the Year’ – ITP Group, , ‘Best Bank in Qatar’ – IAIR Award and ‘Best Bank in Qatar’ – EMEA Finance.
In recognition of being one of the most active advocates of Corporate Social Responsibility (CSR) through initiatives such as ‘ECO-School Programme’, ‘Al Dana Green Run’, beach cleaning, tree planting etc., Doha Bank has won the ‘Environmental Award’ from The Arab Organization for Social Responsibility as well as ‘Golden Peacock – Global Award for Sustainability’ from the Institute of Directors.
Doha Bank is rated A by Fitch, A3 by Moody’s and BBB+ by Standard & Poor’s for its long-term local and foreign currency. For more information, please visit www.dohabank.com