Brac Bank, The City Bank, and IDLC Finance Ltd have once again been recognized as the leading banks and non-banks in the central bank’s prestigious Sustainability Rating for the year 2022.
For the third consecutive year, Brac Bank, The City Bank, and IDLC Finance Ltd have maintained their positions as the top performers in sustainability practices, showcasing their steadfast commitment to environmental and social responsibility.
The list of outstanding banks includes Jamuna Bank, Prime Bank, Shahjalal Islami Bank Limited, Trust Bank, and United Commercial Bank, all of which have demonstrated significant progress in integrating sustainable finance practices into their operations.
In the non-bank financial institution category, Agrani SME Financing Company and Bangladesh Finance have been featured for their second consecutive year, a testament to their unwavering dedication to sustainable finance initiatives.
Notably, Lankan Alliance Finance has achieved a remarkable milestone by making it to the list in the same category for the first time since the inception of the rating in 2020, reflecting the company’s growing focus on sustainability and responsible financing.
The central bank’s Sustainability Rating assesses various indicators, encompassing banks and financial institutions’ sustainable finance performance. These indicators include green finance, priority sustainable agriculture and cottage, micro, small and medium enterprise finance, access to sustainable finance for women, in-house green banking performances, environment and social risk management compliance, and participation in green investment.
The rating also takes into account timely interventions by the board of directors in addressing sustainable finance issues, capacity-building initiatives, and sustainable finance disclosures, highlighting the comprehensive approach of the institutions towards promoting sustainable practices.
“We are thrilled to see Brac Bank, The City Bank, and IDLC Finance Ltd consistently leading the charge in sustainable finance. Their continued dedication to making positive impacts on society and the environment sets an excellent example for the entire banking industry,” said [Spokesperson Name], [Designation] of the central bank.
As businesses worldwide are becoming increasingly conscious of their environmental and social impacts, the recognition of these exemplary institutions underlines the growing importance of sustainable finance in driving positive change.
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