QIB signs up for GoGreen Plus

Qatar Islamic Bank (QIB) has announced its participation in DHL Express’s GoGreen Plus programme, a key initiative aimed at reducing the carbon emissions associated with global logistics.This collaboration is part of QIB’s ongoing commitment to reducing its carbon footprint, a statement said.DHL’s GoGreen Plus programme is designed to help companies reduce their carbon emissions in a measurable and impactful way.By leveraging the use of Sustainable Aviation Fuel (SAF), which has the potential to reduce aviation emissions by up to 80% compared to traditional jet fuels, DHL is making substantial progress toward its goal of achieving net-zero emissions by 2050.Through the collaboration, QIB will work with DHL Express to reduce the emissions generated in the air transport of the bank’s shipments by 30%.The initiative marks a significant step for QIB in tackling its Scope 3 emissions, which encompass indirect greenhouse gas emissions generated across the company’s value chain, particularly from transportation and distribution activities.Saleem Ul Haq, QIB chief operating officer, Operations & IT Group, said: "At QIB, sustainability is a key pillar of our strategy, not just a goal. Our collaboration with DHL and participation in the GoGreen Plus Programme represents an important milestone in our journey toward reducing our carbon footprint and contributing to global climate action.”Ahmed Elfangary, country manager of DHL Express Qatar, added: "We are thrilled to have Qatar Islamic Bank join us in our GoGreen Plus Programme in 2024.”