BRAC Bank is again in the limelight as it is named as one of Bangladesh’s top sustainable banks for the third consecutive year. Bangladesh Bank, the country’s central bank, conferred this coveted recognition on BRAC Bank as part of its Sustainability Rating of 2022.
The commendation traces back to the efforts initiated in 2020 by the central bank’s Sustainable Finance Department (SFD). The SFD has been diligently highlighting and applauding the achievements of banks and financial institutions based on their outstanding contribution in key areas. These areas encompass sustainable finance, green refinance, corporate social responsibility, and core banking sustainability.
The ceremonial award presentation took place on August 29, 2023, where BRAC Bank’s Deputy Managing Director & Head of Corporate Banking, Tareq Refat Ullah Khan, received the award from Bangladesh Bank Governor, Abdur Rouf Talukder. The occasion also saw the distinguished presence of Nurun Nahar, Deputy Governor; Chowdhury Liakat Ali, Director, Sustainable Finance Department, Bangladesh Bank; and Ekram Kabir, Head of Communications, BRAC Bank.
Speaking on the achievement, Tareq Refat Ullah Khan expressed, “We are honoured to have been recognized as one of the leading sustainable banks three years in a row. This recognition will inspire us to expand our sustainability initiatives further. Our business model, centred around governance, transparency, ethics, and compliance, has paved the way for our remarkable achievements in green financing, sustainable CMSME & agriculture financing, and socially responsible endeavours.”
He added, “As a forward-thinking corporate entity, we emphasize harnessing the potential of the Green Transformation Fund and the green refinancing programmes Bangladesh Bank offers. Our ongoing efforts aim to minimize the country’s carbon footprint. We maintain an unwavering commitment to the UN Sustainable Development Goals as an organisation rooted in purpose. Our CSR initiatives are strategically devised to ensure they leave a profound and lasting impression on society and its people.”
This accolade is a testament to BRAC Bank’s unwavering commitment to spearheading sustainability efforts, emphasizing ethical practices, and bolstering green financing initiatives.
