Term

Definition

QCB

Qatar Central Bank

ESG

Environmental, Social and Governance

Banks

All banks licensed by QCB.

The Board

Board of directors of the Bank.

Senior Management

Top level employees that are working together in managing an organization.

Material risks

Risks that are recognized by management as having the potential to materially impact the group's business performance.

Climate physical risk

The economic cost and financial losses from climate change that arise from: (i) acute risks, including extreme weather events like heatwaves, landslides, and floods, and (ii) chronic risks, which involve long-term climatic shifts such as rising sea levels and increased temperature variability.

Climate transition risk

The risks associated with the transition to a low-carbon economy are driven by changes in public sector policies, legislation, regulation, technology, and market and customer sentiment. These drivers have the potential to either facilitate (generating or accelerating) or hinder (slowing or disrupting) the process of transitioning towards a low ­carbon economy.

Environmental Risk