Doha, 11 March 2020 – QNB Group, the largest financial institution in the Middle East and Africa, recently became a constituent of the FTSE4Good Index Series following a detailed review of its Environmental, Social and Governance (ESG) business practices.
The FTSE4Good Index is a series of ethical investment stock market indices launched by the FTSE Group which is a wholly owned subsidiary of London Stock Exchange Group (LSEG). The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong ESG practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
Globally there is an increasing focus on sustainability as one of the most pressing topics across all industries. In this regard, QNB launched its Group-wide sustainability strategy across the organisation in line with national and international standards. As a result, it has improved the way in which it integrates sustainability (ESG) criteria into its financing, business operations and community activities.
Additionally, as part of its commitment to sustainable development, QNB Group joined the United Nations Global Compact (UNGC), the world’s largest corporate sustainability initiative, promoting better business practices in the areas of human rights, labor, environment and anti-corruption.
The inclusion in FTSE4Good index is a testament to QNB’s execution of its sustainability strategy and performance. This highlights QNB’s successful efforts in improving its commitment as well as disclosure on ESG priorities.
QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents, providing a comprehensive range of advanced products and services. The total number of employees is more than 29,000 operating through 1,100 locations, with an ATM network of more than 4,300 machines.