Yousuf Mohamed Al Jaida, Chief Executive Officer at QFC, and Sheikha Alanoud bint Hamad Al Thani, Deputy CEO & Chief Business Officer at QFC, engaged in several business meetings with leading companies to share their expert insights and explore potential collaborations that serve sustainable and economic growth.
Al Jaida spoke on “Transitioning to a Green Middle East”, a panel discussion that examined the acute impact of climate change on the MENA region and explored the capacity of global and regional actors to strengthen the region’s climate resilience and discussed the critical role of successfully developing a sustainable finance market and in preserving its integrity.
The QFC Sustainable Sukuk and Bonds Framework, the first in the GCC region, will promote appropriate disclosures of relevant information, reporting, and transparency concerning their issuance. The Framework also ensures that these financial instruments meet their objectives and prevent risks of greenwashing.
Al Jaida said: “The environmental and economic challenges confronting the world continue to be exacerbated by rising global temperature and regional conflicts, making life increasingly difficult in many parts of the world. We have reached a critical time to address these challenges urgently and effectively.”
“Sustainable financial instruments such as green Sukuk and Bonds are powerful tools the financial sector can leverage to move the needle of climate change toward a more sustainable future. As part of our commitment to promote a sustainable financial market, we developed the QFC Sustainable Sukuk and Bonds Framework to ensure that these financial instruments are fully utilised without compromising their integrity.”
Amplifying the company’s voice, Sheikha Alanoud positioned Qatar as a potential hub for business and talked about the QFC that would be giving a world-class platform to support and further economic growth in the region.
