Forbes Middle East's 'Sustainable 100' List Includes 10 Qatari Companies
Category: Middle East
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Forbes Middle East released its first list of sustainability leaders on 16 October 2023, highlighting the Middle East's most impactful sectors and companies.

Among the Sustainable 100 companies are 44 from the UAE, 22 from Saudi Arabia, 10 from Qatar, and 12 global companies with 11 regional offices in the UAE, 5 from Egypt, 3 from Kuwait, and 2 each from Bahrain and Oman.

The list also highlights 10 leaders in government in the Middle East who are using their influence to create positive change and H.E. Sheikh Dr Faleh bin Nasser bin Ahmed bin Ali Al Thani, Minister of Environment and Climate Change in Qatar, was also named in the list.

List of Qatari companies

Banking and Financial Services:

QNB Group (Rank 2)

Qatar Islamic Bank (Rank 10)

Investments:

Qatar Investment Authority (Rank 4).

Oil and gas:

Qatar Energy (Rank 3)

Real Estate and Construction:

Qatari Diar (Rank 10).

Technology and telecom:

Ooredoo Group (Rank 4)

Transport and Logistics:

Nakilat (Rank 5)

GWC (Rank 9).

Qatar Navigation (Milaha) (Rank 10)

Travel and tourism:

Qatar Airways Group (Rank 7)

The method used to conclude the list

According to Forbes Middle East, the list is divided into 11 key sectors. Different scoring weights were assigned to different criteria within each sector based on their relevance.

The following factors were considered:

The company's size in relation to its positive environmental impact.

Whether the company has a sustainability/ESG report.

Levels of preciseness and transparency in the report.

Sustainability-related initiatives in 2022/23.

Levels of collaborations with other companies and sectors to achieve sustainable goals.

Level of reliance on renewable energy.

Waste management, water waste reduction, and conservation strategies or initiatives in place.

The company’s clear roadmap toward net zero.

In the Banking and Financial Services sector, the amount of sustainable finance facilitated.

22 Oct, 2023 0 275
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