The Qatar Financial Markets Authority (QFMA) used its participation in the Sustainability Forum Middle East in Bahrain to reiterate its focus on promoting a sustainable financial system and encouraging responsible business practices across the market. It highlighted the National Disclosure Framework for Companies as the main vehicle for moving to mandatory sustainability reporting. Developed jointly with the Qatar Central Bank and the Qatar Financial Centre Regulatory Authority, the framework sets out a phased roadmap requiring all listed companies and some non-listed companies to disclose emissions, risks and opportunities. Scope 1 and Scope 2 reporting will become mandatory starting in 2027 and 2028, with Scope 3 reporting becoming mandatory from 2029. QFMA positioned its wider regulatory work as integrating environmental, social and governance reporting standards into capital markets to strengthen transparency and accountability, in line with Qatar National Vision 2030.
Qatar Financial Markets Authority 2025-01-29
Qatar Financial Markets Authority highlights national disclosure framework with mandatory sustainability reporting phased in from 2027
The Qatar Financial Markets Authority emphasized its commitment to a sustainable financial system at the Sustainability Forum Middle East, highlighting the National Disclosure Framework for Companies as key to mandatory sustainability reporting. Developed with the Qatar Central Bank and the Qatar Financial Centre Regulatory Authority, the framework mandates phased emissions, risks, and opportunities disclosures, with Scope 1 and 2 reporting required by 2027 and 2028, and Scope 3 by 2029. This initiative aligns with Qatar National Vision 2030, integrating environmental, social, and governance standards into capital markets.