BRAC Bank leads in sustainability with global and national recognitions

BRAC Bank has once again reinforced its leadership in sustainability with two prestigious recognitions from both global and local institutions.

The bank secured the Number 1 position in Bloomberg's ESG Rating 2024 among all Bangladeshi organisations, marking the third consecutive year it has been recognised, consistently ranking within the top ten.

Additionally, Bangladesh Bank has named BRAC Bank one of the top sustainable banks in the country for the fifth consecutive year, says a press statement.

Bloomberg's ESG Rating 2024 placed BRAC Bank at the very top with an overall score of 3.8, comprising Environmental (1.76), Social (5.83), and Governance (3.07). This positioned the bank ahead of IDLC Finance (3.51) and City Bank (2.64), outperforming even multinational companies operating in Bangladesh.

This recognition marks the third consecutive year BRAC Bank has been featured among Bloomberg's top ten organisations for ESG Performance.

This global recognition is attributed to BRAC Bank's transparent disclosure of carbon emissions and governance benchmarks through its Sustainability and Impact Report 2024, IFRS S1 & S2 Report 2024, and Annual Report 2024.

The bank also leads the market in sustainable financing, with Tk 502.15 billion in sustainable finance outstanding as of December 2024, representing 82% of its total asset portfolio.

The achievement further validates BRAC Bank's status as a frontrunner in the financial sector, underscored by its highest market capitalisation among Bangladeshi banks (USD 1 billion), the largest international investor shareholding (32%), and the distinction of being the first company in Bangladesh to publicly disclose all scopes of its greenhouse gas (GHG) emissions.

Bangladesh Bank's Sustainability Rating 2024

For the fifth consecutive year, Bangladesh Bank has recognised BRAC Bank as one of the top sustainable banks in the country. The bank also secured an "Excellent" rating from the central bank, alongside two other leading banks.

The central bank's rating assesses institutions across five criteria -- Sustainable Finance Index, CSR activities, Green Refinance, Core Banking Sustainability Index, and Banking Services Coverage.

BRAC Bank stands out as the first Bangladeshi bank to publicly disclose Scope 1, 2, and 3 carbon emissions under the Partnership for Carbon Accounting Financials (PCAF) framework, and the first to publish independent IFRS S1 and S2 reports aligned with International Sustainability Standards Board (ISSB) standards.