QNB

Governance and Management

Sustainability Governance

QNB

Board Of Directors (BOD) & BOD Committees

  • BOD-level owner of sustainability
  • E&S topics are reported to the BOD via GBRC and Governance-related topics via GBACC
  • The ESG framework is cascaded down from the BOD to the Executive level and beyond
  • BOD links executive compensation to ESG performance through the Executive Management’s Balanced Scorecard

Tier 1 Executive Committees

  • SMC oversees the overall ESG framework, strategy, and any new ESG-related topics
  • GMRC oversees updates, achievements, and reporting with regards to risk-related topics including climate (and nature)-related risk

Tier 2 Management Committees

  • SFC governs and monitors the eligible portfolio, in adherence with ICMA green/ social/ sustainability principles and guidelines

Group-wide Leadership and Coordination

  • Group-wide implementation of the ESG framework is with the Sustainability team under Group Strategy
  • Climate (and nature)-related risk topics are with the Strategic Risk Management team
  • The Climate Strategy Forum drives the operationalisation of the Net Zero 2050 ambition, including Corporate business teams and subsidiaries
     

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