Commercial Bank (PSQC) 2023 AR2
The report highlights Commercial Bank's financial performance and sustainability progress for the fiscal year 2023. The bank achieved a record net profit of QAR 3,010 million, representing a 7.1% increase from the previous year. In 2023, Commercial Bank launched its inaugural Sustainable Finance Framework, which was externally validated by Sustainalytics to fund eligible green and social projects. Additionally, the bank committed to a 25% reduction in greenhouse gas emissions from its operations by 2030 compared to 2021, implementing initiatives like solar panel installations and transitioning to electric vehicles.
Company: Commercial Bank (PSQC)
Sector: Financials
Country: Qatar
Year: 2023
Type: AR2
Pages: 194
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Commercial Bank (PSQC)
Annual Report
The report highlights Commercial Bank's financial performance and sustainability progress for the fiscal year 2023. The bank achieved a record net profit of QAR 3,010 million, representing a 7.1% increase from the previous year. In 2023, Commercial Bank launched its inaugural Sustainable Finance Framework, which was externally validated by Sustainalytics to fund eligible green and social projects. Additionally, the bank committed to a 25% reduction in greenhouse gas emissions from its operations by 2030 compared to 2021, implementing initiatives like solar panel installations and transitioning to electric vehicles.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees