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Satyendra Pathak
Doha
Qatar Investment Authority (QIA) is committed to integrating environmental, social and governance (ESG) criteria in its investment process both locally and internationally, a senior official of the country’s sovereign wealth fund has said.
Speaking during a webinar on the topic ‘ESG investing is here to stay’, QIA CIO for Europe, Russia and Turkey Ahmed Ali Al Hammadi said, “Qatar Investment Authority is a signatory to ‘One Plant’ and we are one of the founding members since the end of 2017. QIA is committed to creating long-term value for both the state and the future generation.”
“This basically means that sustainable investing has to be part of what we do. Sustainable investing encompasses several things including ESG, high returns or any mandate that concerns development either locally or internationally,” he said.
“ESG is quite within the mission and vision of QIA. It is not sufficient to say that we are going to allocate a certain amount for ESG, but ESG has to be part and parcel of our overall investments. Companies that score high on ESG are high-quality companies. We all are interested in high-quality companies and right now all high-quality companies are taking care of ESG mandate,” Hammadi said.
Given both their influence and long-term investment horizons, sovereign wealth funds are uniquely positioned to promote long-term value creation and sustainable market outcomes.
Organised by Qatar Stock Exchange in association with QIA, MSCI, BlackRock, QNB and Al Rayan Investment, the webinar aimed at pushing the ESG agenda in Qatar.
“ESG criteria are of increasing interest to companies, their investors and other stakeholders. With growing concern about the ethical status of quoted companies, these standards are the central factors that measure the ethical impact and sustainability of investment in a company,” experts speaking on the occasion said.
The ESG acronym encompasses an almost infinitely broad range of elements, including every aspect of environmental impact, sustainability, corporate governance, community outreach, employee welfare and reward, supply chain management, and the social contract between a business and the wider world.
Doha
Qatar Investment Authority (QIA) is committed to integrating environmental, social and governance (ESG) criteria in its investment process both locally and internationally, a senior official of the country’s sovereign wealth fund has said.
Speaking during a webinar on the topic ‘ESG investing is here to stay’, QIA CIO for Europe, Russia and Turkey Ahmed Ali Al Hammadi said, “Qatar Investment Authority is a signatory to ‘One Plant’ and we are one of the founding members since the end of 2017. QIA is committed to creating long-term value for both the state and the future generation.”
“This basically means that sustainable investing has to be part of what we do. Sustainable investing encompasses several things including ESG, high returns or any mandate that concerns development either locally or internationally,” he said.
“ESG is quite within the mission and vision of QIA. It is not sufficient to say that we are going to allocate a certain amount for ESG, but ESG has to be part and parcel of our overall investments. Companies that score high on ESG are high-quality companies. We all are interested in high-quality companies and right now all high-quality companies are taking care of ESG mandate,” Hammadi said.
Given both their influence and long-term investment horizons, sovereign wealth funds are uniquely positioned to promote long-term value creation and sustainable market outcomes.
Organised by Qatar Stock Exchange in association with QIA, MSCI, BlackRock, QNB and Al Rayan Investment, the webinar aimed at pushing the ESG agenda in Qatar.
“ESG criteria are of increasing interest to companies, their investors and other stakeholders. With growing concern about the ethical status of quoted companies, these standards are the central factors that measure the ethical impact and sustainability of investment in a company,” experts speaking on the occasion said.
The ESG acronym encompasses an almost infinitely broad range of elements, including every aspect of environmental impact, sustainability, corporate governance, community outreach, employee welfare and reward, supply chain management, and the social contract between a business and the wider world.
