IDCOL wins Karlsruhe Sustainable Finance Awards--
Sunday, 16 July 2023
Infrastructure Development Company Limited (IDCOL), a non-bank financial institution under the Economic Relations Division, has been awarded the 'Kalsruhe Sustainable Finance Awards 2023' in the 'Outstanding Sustainable Project Financing' category.
The award, given by European Organisation for Sustainable Development (EOSD), aims to recognise success in the financing of exemplary projects that benefit local communities, support local economic development and contribute to environmental protection.
This is the third time IDCOL received this prestigious accolade from the EOSD, says a press release.
IDCOL has been awarded for implementing the Improved Cook Stoves (ICS) Programme in Bangladesh. It has been selected as a winner based on the technological features (thermal efficiency) of the stoves, benefits to the users and the contribution to sustainable development.
Through R&D, IDCOL is now disseminating Tier 3 (higher than 35 per cent) level efficient stoves.
IDCOL has been implementing the Improved Cook Stoves (ICS) Programme since 2013 under which 4.1 million stoves have been installed so far.
Alamgir Morshed, Executive Director & CEO of IDCOL, expressed his gratitude to EOSD for recognising IDCOL's efforts.