Doha Bank, one of the leading banks in Qatar, has won the prestigious Golden Peacock Global Award 2012 for Corporate Social Responsibility for the third consecutive year. Mr. R. Seetharaman, Chief Executive officer, Doha Bank Group, received the prestigious award from H.E. Juma Al Majed, Chairman of Dubai Economic Council at a glittering ceremony of the 7th International Conference on Social Responsibility attended by distinguished CSR leaders, bankers, academics, environmentalists, economists, legislators and policy makers at Dubai Festival City InterCon Hotel, Dubai on April 26, 2012. On receiving the award, Mr. Seetharaman said, “This truly is a milestone achievement in our efforts towards setting the example as a responsible corporate. We at Doha Bank believe that it is not just about money and that we have to give in return to the stakeholders who place their trust in us”. He also added, “This achievement would not have been possible without the unstinted support of the Qatar Government, the principle Regulatory bodies, our Visionary Board, the Business Community, our worthy Investors, our loyal Clientele, the Society at large, and our promising Employees – this award is dedicated to you”.
He also added, “The Bank has been completely transformed into a dynamic entity with strong values and customer-centric approach and has sustained the same over a period of time. This award symbolizes DOHA BANK’S affinity towards public welfare and social consciousness and the manner at which it has sustained its position as one of the pioneers of Green Banking in the State of Qatar. This award is recognition of Doha Bank’s customer driven initiatives like Educational & Health benefits and involvement in Social cause which has seen it introduce new and innovative products even during tough market conditions resulting from the global financial meltdown. Doha Bank’s functional model with Economic, Environmental, and Social Initiatives, contributing towards the welfare of the public has always been a welcome approach towards a bright future”.
Earlier in his special address to the elite attendees of the global conference, Mr. R. Seetharaman spoke on “Corporate Social responsibility – A bridge between Business and Society”. He said “Corporate social responsibility (CSR) should voluntarily contribute towards sustainable development in three areas namely People, Planet and Profit. People represent the social development, planet represents contribution towards environment development and profit represents the economic growth which has to be sustained to finance environmental and community responsibilities. There is an inevitable link between business and society. A healthy business depends on a healthy community to create demand for products and provide supportive business environment. Likewise a healthy society depends on competitive companies that can create jobs, support high wages, build wealth, buy local goods and pay taxes. Organizations need to have shared values which converge economic and social objectives and thereby also enhance its competitiveness”
Mr. R. Seetharaman highlighted the importance of CSR for Corporates. He stated “Corporate social responsibility (CSR) activities have the potential to create several distinct forms of value for customers. It is the customer perception of this value that mediates the relationship between CSR activities and subsequent financial performance. CSR leads to outcomes such as increased customer loyalty, willingness to pay premium prices, and lower reputational risks in times of crisis. Improving customer satisfaction, creating products that are easy to use and securing quality are some of the CSR measures which benefits the customers. Today, Corporates must help to build the social and environmentally acceptable standards necessary to support their economies. Organizations should undertake initiatives to promote greater environmental responsibility. Organizations should encourage the development and diffusion of environmental friendly technologies. Organizations should support precautionary approach to environmental challenges”
Doha Bank maintains a well defined Environmental Policy with the principles of “Reduce, Reuse & Re-cycle”. Initiatives to Support the State of Qatar’s “Go Green Qatar”, Seminars on Global warming conducted in Qatar, Dubai, Abu Dhabi, Oman, Kuwait, Turkey, Tokyo, Nagoya, Singapore, Chennai & Mumbai, Dedicated Green Bank Website, Environment Friendly & Bio Degradable Credit Cards, Paperless Banking, Green Bank Task Force Committee, Annual Marathon – Al Dana Green Fun Run & Public Awareness Campaigns through ATMs, all underlines the Environmental Sustainability of DOHA Bank. Doha Bank has reached out to the larger community through its long standing Corporate Social Responsibility activities where it is committed to raise awareness on environmental issues and focus on the economic challenges facing the world and the region.
Doha Bank now has established a dominant position in Middle East banking landscape with 35 state-of-art branches, 9 e-branches, 13 pay offices, and 3 mobile units with more than 115 ATMs. Geographically Doha Bank operations are spread across State of Qatar with full fledged branches in Dubai-UAE and Kuwait, and representative offices in Turkey, Japan, Singapore, China, South Korea, United Kingdom, Germany and Abu Dhabi (UAE) with an extremely strong network of correspondent banking relationship.