Doha: The Gulf Organization for Research and Development (GORD) and QNB Group have signed a Memorandum of Understanding (MoU) to explore and jointly develop sustainable finance solutions for qualifying corporate projects in Qatar.
According to Qatar News Agency, the collaboration will combine QNB's corporate banking and financing capabilities with GORD's expertise in the Global Sustainability Assessment System (GSAS), certification support, sustainability advisory services, impact measurement and reporting, and capacity building. The partnership aims to explore potential initiatives such as GSAS-linked green financing products and incentive structures, integrated financing and advisory solutions, client-awareness campaigns, and training and knowledge-sharing programs.
Commenting on the agreement, Dr. Yousef Alhorr, Founding Chairman of GORD, highlighted the potential of the collaboration to help businesses translate environmental commitments into practical investment decisions. He emphasized the role of GORD's technical expertise and the GSAS framework in supporting financing solutions that reward stronger environmental performance and accelerate sustainable investment across key sectors in Qatar.
Khalid Ahmed Al Sada, Senior Executive Vice President, Group Corporate and Institutional Banking, QNB Group, noted the complementarity of financial and technical expertise brought together by the collaboration. He stressed the importance of combining QNB's financing capabilities and understanding of clients' evolving needs with GORD's GSAS certification and advisory expertise to explore solutions that support qualifying projects with measurable sustainability outcomes.
The MoU reflects QNB's commitment to embedding sustainability into its corporate banking solutions and assisting clients in progressing towards more sustainable business practices and investments. It aligns with Qatar National Vision 2030 and QNB Group's Net Zero 2050 Commitment.
The agreement will also facilitate knowledge transfer and capacity building for relevant teams and corporate stakeholders, enhancing their understanding of sustainability standards, project assessment, certification, and impact reporting. Any products, financing arrangements, incentives, or benefits developed through the collaboration will be subject to QNB's Sustainable Finance Product Framework, applicable laws and regulations, internal approvals, and relevant client and project eligibility criteria.