QNB Group has become the first bank in Qatar to join the Partnership for Carbon Accounting Financials

The first bank in Qatar to join the Partnership for Carbon Accounting Financials (PCAF) is the QNB Group which is one of the biggest financial institution in the Middle East and Africa. The QNB Group's strategic focus on sustainability includes combatting climate change, which is reflected in its membership. Support from the Bank for the State of Qatar's ratification of the Paris Agreement and its Nationally Determined Contributions is made possible by the cooperation with PCAF.

Being a member of PCAF makes it easier for the Bank to assess the greenhouse gas emissions that result from its investments and loans, assuring more accountability and transparency about the Bank's environmental effect. By establishing the benchmark, offering direction, increasing capacity, offering technical assistance, and granting access to an emission-factor database, PCAF supports this endeavour. In order to facilitate uniform assessments and disclosures of greenhouse gas emissions supported by loans and investments, financial institutions from all around the world have joined together to form the PCAF. In North America, Latin America, Europe, Africa, and Asia-Pacific, the organisation is quickly growing, with almost 500 financial institutions from six continents.