Bashundhara Paper sector unveil first sustainability report

In a landmark move for the Bangladeshi paper industry, Bashundhara Paper Mills Limited and Bashundhara Multi Paper Industries Limited have unveiled their first Sustainability Report, marking a significant step forward in their commitment to transparency and environmental, social, and governance (ESG) responsibility, said a press release.
The report, released on January 15, 2024 at Bashundhara Industrial Headquarters-2, is a testament to the companies' dedication to sustainable and responsible business practices.
Safwan Sobhan, Vice Chairman of Bashundhara Group, and Md Mustafizur Rahman, CEO of Bashundhara Paper Mills Ltd, led the unveiling ceremony. The event, attended by key officials including Mohammad Towfique Hasan, Head of Division, Marketing, BD & Sustainability Sector-C, and M Mazedul Islam, Company Secretary Sector-C, highlighted the Group's pioneering role in promoting transparency and sustainability in the region.
In preparing this comprehensive report, Bashundhara Group employed the principle of the 'Double Materiality' concept to determine its ESG reporting topics. This approach considers the risks and opportunities of both the nonfinancial (ESG) and financial perspectives.
This dual perspective ensures a thorough and balanced representation of the company's sustainability journey.
The Sustainability Report-2022, covering the fiscal year 2021-22, is a groundbreaking document in the Bangladeshi paper sector. It aligns with the Sustainable Development Goals (SDGs) and adheres to the Global Reporting Initiative (GRI) Standard guidelines.