The Qatar Central Bank Issues Sustainable Finance Framework For Banks

As part of Qatar's strategic plans and policies supporting sustainability, such as the Qatar National Vision 2030 and the Qatar Central Bank's ("QCB") ESG and Sustainability Strategy for the Financial Sector, the QCB has issued its Sustainable Finance Framework ("Framework"). The Framework applies to all banks operating in the State of Qatar, specifically aiming to establish principles of sustainable finance in accordance with international practices to promote responsible investment and lending.

The Framework introduces a set of principles, and definitions addressing several topics including sustainable finance, sustainability-linked finance, and Islamic-compliant sustainable finance, seeking to steer credit and investments toward environmentally and socially responsible projects. Examples of such projects include renewable energy, clean transportation, and affordable housing.