"Sustainability is no longer a choice but a responsibility," said BRAC Bank chief at a programme on Thursday.
The programme was organised to launch the bank's Sustainability Report 2023, titled 'Bloom into the Future', which marks the bank's second report in this regard since it began sharing its sustainability efforts.
"We believe finance must serve a higher purpose- one that supports people, the planet, and long-term prosperity. The report encapsulates the bank's purpose and actions in sustainability frontiers," said BRAC Bank Chairman Meheriar M. Hasan.
"BRAC Bank has been a proud advocate of sustainable banking practices, both in Bangladesh and on the international stage."
This report follows the Global Reporting Initiative framework, providing a comprehensive look at the bank's sustainability strategy, focusing on its impact on the environment, society, and governance.
The report underscores BRAC Bank's commitment as a financial institution with environmental responsibility. Through its transparency and sustainability practices, the bank also demonstrated its commitment for responsible financing, good governance and combating climate change, according to the bank.
BRAC Bank's initiatives in green finance can serve as a model for other organisations looking to scale their impact and contribute to a greener, more resilient economy, said Syeda Rizwana Hasan, adviser to the Ministry of Environment, Forest, and Climate Change. She was present at the report launching ceremony as the chief guest.
"The report is a tangible manifestation of our commitment to values-based, responsible, and sustainable banking practices that promote economic growth while considering social and environmental factors." said Selim R.F. Hussain, managing director of the bank.
"This year's theme, 'Bloom into the Future' report, reflects our vision of a flourishing, inclusive future where sustainability and financial prosperity coexist. We are not just growing as a bank; we are reshaping the future of banking to serve a higher purpose."
Nurun Nahar, deputy governor of Bangladesh Bank (BB), emphasised BB's dedication to promoting a culture of sustainability disclosure among banks. She attended the programme as a special guest.
"Sustainability ratings do not simply measure performance; they also demonstrate a bank's dedication to long-term growth that considers economic advancement, environmental protection, and social responsibility," she said.
"At Bangladesh Bank, we believe incorporating sustainability into banking practices is crucial for constructing a robust and inclusive future."
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