Qatar’s Masraf Al Rayan Launches Sustainable Financing Framework

Qatar-based Masraf Al Rayan announced that it had launched a Sustainable Financing Framework to advance its Environment, Social and Governance (ESG) agenda on the 19th of April 2022.

Why it Matters?

Masraf Al Rayan’s sustainability strategy follows Qatar’s National Environment and Climate Change Strategy, launched in 2021. The launch of the Framework allows the bank to offer ESG-linked funding opportunities to investors and apply those proceeds to finance ESG-compliant sustainable projects. According to Fahad bin Abdullah Al Khalifa, Group Chief Executive Officer (CEO) of Masraf Al Rayan, the bank hopes to increase the necessary financing to various economic sectors, helping Qatar achieve its ESG goals. Additionally, it aims to offer new p...