Developing a Climate Action strategy for sustainable banking in Qatar
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Case Study
Developing a Climate Action strategy for sustainable banking in Qatar
One of the largest commercial banks providing domestic and international banking services to individuals, commercial, corporate, and institutional clients through four business groups: Wholesale Banking, Retail Banking, International Banking, and Treasury & Investments.
The business situation
- The project aimed to ensure the ESG transformation agenda at the bank. The key areas involved:
- Climate risk identification and assessment
- Climate risk management framework
- Climate scenarios and stress testing
- GHG inventory and target setting
- Net zero strategy framework & disclosure roadmap
- Training & capacity building
Our team’s role
Climate Risk Assessment
Developed a heat map to identify activities exposed to climate, physical, and transition risks. Reviewed existing ESG policies and incorporated net-zero transition considerations through new climate-related policies
Scenario Modelling
Conducted scenario analysis across short-, medium-, and long-term horizons
GHG Inventorization
Prepared a comprehensive GHG inventory covering Scope 1, 2, and 3 emissions, including financed emissions
Science-Based Target Framework
Established a framework for setting science-based targets, prioritizing key sectors within the bank’s portfolio
Financed Emissions Reduction Plan
Designed a reduction strategy with identified decarbonization levers and evaluated carbon offsets and other mitigation opportunities
Communication Strategy
Developed a communications approach to support and articulate the bank’s net-zero transition journey
The value our team added
- Increased responsibility of the bank to manage material climate risks through the integration of climate risk considerations in relevant policies
- Increased resilience to climate (physical & transition) risks in the bank’s portfolio
- Assessment of the impact of climate risks on the bank’s financial performance and position
- Robust coverage of GHG inventory (scope 1, 2 & 3) with emission reduction plan to achieve net zero in alignment with global and national commitments
- Enhanced capabilities of the Board, senior management, and relevant teams on climate risk
Accelerate Your Net-Zero Transition
From Climate Risk Assessment and Scenario Modelling to Decarbonization Strategy and Science-Based Targets
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