Qatar / Listing rule
QSE / QFMA ESG
QFMA Governance Code, Board Decision No. (5) of 2025 (Art. 11 sustainability report); QSE ESG Guidance
In force2025-08-18Modified
Topic : ESG disclosure · Level : Stock exchange
Today
ISSB-based sustainability report mandatory for main-market firms from FY2026, with assurance. QSE guide voluntary.
Summary
Since August 2025 the QFMA Governance Code requires main-market companies to publish an ISSB-based sustainability report, from FY2026. Banks and insurers also apply IFRS S1/S2 from 2026 under QCB rules.
Who is concerned
- Turnover
- non précisé
- Employees
- non précisé
- Listed company
- cotées seulement
- Sectors
- All sectors
- Banks and insurers (QCB)
- Triggering activities
- Listing on QSE main market
- Secondary market: comply-or-explain
- Extraterritorial reach
- No
non précisé
- Examples
- QSE-listed industrial group
- Qatari bank regulated by QCB
What the law requires
- Publish an ISSB-based sustainability report with the financial statements (Art. 11)
- Disclose ESG using ISSB/OECD-based Appendix 1
- Obtain external assurance of sustainability reporting
- Align governance with the new Code by reconciliation deadline
Penalties
Code refers to QFMA financial penalties in general terms; no amounts stated in Decision 5/2025.
SUPPLIER INTELLIGENCE
What this changes for a supplier in China
Qatari listed firms and banks now need value-chain climate data; Chinese EPC, equipment and material suppliers receive emissions and labour questionnaires.
Expected evidence
- Scope 1-2 emissions of supplying site
- Product carbon footprint for key items
- Labour and HSE policy
Tiers : Tier 1
Net Zero Pulse