Summary
This Guideline aims to work in parallel with the central bank’s drive to create conscientious project financing through adoption of a Corporate Social Responsibility framework by the financial sector, as both aspects are critical to the functioning of a sustainable banking system in Bangladesh. While the objective of CSR is to realize and prioritize the financial sector’s imprint on the environment and society in which it operates, the ERM Guideline aims to internalize the risk that a deteriorating environment poses on the interests of the financial institution. In this effort, cooperation within the financial sector is of utmost importance.