ONE bank PLC has been credited with one of the pioneer banks in Bangladesh for publishing its 1st 'Carbon Disclosure Report' in Carbon Accounting Financials (PCAF) website in accordance with the PCAF guidelines.
This report is based on 55 per cent lending portfolio of the bank as of 31st December, 2024, says a press release.
PCAF is a global partnership of financial institutions that work together to develop and implement a harmonized approach to assess and disclose the greenhouse gas (GHG) emissions associated with their loans and investments.
In 2024, the bank formally joined PCAF and committed to calculating and disclosing the status of the financed projects emissions within next three years. To fulfill commitment with PCAF and to reach net-zero emissions across financed portfolios by 2050, the bank has undertaken to assess this carbon inventory for Scope 3 investment and lending portfolios.
Through this disclosure, ONE Bank will be able to explore climate-related risk and opportunities in alignment with Paris Agreement. The bank is focusing on its social and environmental responsibility to embed zero-emission goal into the very core of its business strategy.
The bank always strides to create critical values not only in the daily operations but also in lending practices through financing environment friendly products.
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