Doha Bank has been selected in the ‘FTSE4Good Emerging Index’, reflecting the lender’s continued leadership in environmental, social and governance (ESG) performance.
The bank was rated above the threshold for companies in emerging markets, as well as that of developed markets, by FTSE Russell. It was selected amongst 134 financial services companies from emerging markets, including China, Brazil, South Africa and the Gulf Cooperation Council (GCC).
The Emerging Index comprises companies selected through an assessment of more than 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; and governance pillar: corporate governance, customer responsibility, risk management and tax transparency.
“Doha Bank’s inclusion in FTSE4Good Emerging Index is a matter of great institutional pride and is a reflection of our consistent focus on prioritising corporate governance, risk management and ESG performance,” its group chief executive R Seetharaman said.
Stressing that focusing on environmental and social agenda coupled with best governance practices are the cornerstone of sustainable banking, he said “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 more than 1,000 companies across 47 countries and comprises 528 organisations, covering 23 emerging economies including Brazil, China, Malaysia, Mexico, Qatar, Russia, South Africa and the UAE.
Doha Bank was selected amongst 134 financial services companies from emerging markets, including China, Brazil, South Africa and the GCC by FTSE Russell.
