On 16 October 2023, Forbes Middle East revealed its inaugural list of sustainability leaders, highlighting the Middle East’s sectors and companies making the most impactful commitments and forward steps toward sustainable business goals.

The Sustainable 100 list includes 44 companies from the U.A.E., 22 from Saudi Arabia, 10 from Qatar, and 12 global companies with 11 regional offices in the U.A.E, 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.

Qatari companies named in the list

1. Banking and Financial Services:
   1. QNB Group (Rank 2)
   2. Qatar Islamic Bank (Rank 10)
2. Investments:
   1. Qatar Investment Authority (Rank 4)
3. Oil and Gas:
   1. QatarEnergy (Rank 3)
4. Real Estate and Construction:
   1. Qatari Diar (Rank 10)
5. Technology and Telecom:
   1. Ooredoo Group (Rank 4)
6. Transport and Logistics:
   1. Nakilat (Rank 5)
   2. GWC (Rank 9)
   3. Qatar Navigation (Milaha) (Rank 10)
7. Travel and Tourism:
   1. Qatar Airways Group (Rank 7)

Methodology used to conclude the list

Forbes Middle East categorized the list into 11 key sectors. In each sector, different criteria was assigned various scoring weights in association with their relevance within that category.

They considered:

• The company 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.
• For the Banking and Financial Services sector, the amount of sustainable finance facilitated.

Source and cover image credit: Forbes Middle East

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Vrinda Abilash

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