Commercial Bank first in Qatar to sign MasterCard’s pledge to support environmental initiatives

Doha, Qatar: Commercial Bank, a leader in innovative digital banking in Qatar, and payments technology leader Mastercard joined hands to sign sustaina...

Doha, Qatar: Commercial Bank, a leader in innovative digital banking in Qatar, and payments technology leader Mastercard joined hands to sign sustainability pledge that promotes environmental initiatives in Qatar.

Various commitments were signed in Doha, at an event that was attended by Group CEO of Commercial bank, Joseph Abraham; EGM and Head of Retail banking at Commercial Bank, Shahnawaz Rashid; AGM, Head of Cards and Payments at Commercial Bank, Dr. Sudheer Nair; and Head of Cards Issuance, Products and Portfolio at Commercial Bank, Srikumar Chandrot.

Present on the occasion for the signing ceremony from Mastercard were the President of Eastern Europe, Middle East and Africa (EEMEA) at Mastercard, Dimitrios Dosis; President of the Middle East and North Africa Division (MENA), Khalid Elgibali; General Manager of MENA East responsible for the UAE, Pakistan, Qatar, Kuwait and Oman, J K Khalil; Country Manager of Qatar and Kuwait, Erdem Çakar; and account Manager of Qatar, Zulkarnain Qureshi.

For Commercial Bank and Mastercard alike, accelerating the transition to a sustainable and regenerative economy for all is a key business priority. Commercial Bank is the first in the market to sign Mastercard’s Qatar Sustainable Cards Pledge, which mobilizes the country’s banks to switch to cards made from more sustainable materials- including recycled or bio-sourced plastics such as rPVC, rPET, or PLA1 - by 2026.

Commercial Bank also signed an agreement to introduce Mastercard’s Carbon Calculator, making them the first financial institution in Qatar to do so. Developed by Mastercard in partnership with Swedish fintech company Doconomy, the Carbon Calculator allows consumers to receive a snapshot of the estimated carbon emissions generated by their purchases.