Policy guidelines for green banking – BRPD Circular No.04

It has issued these policy guidelines for green banking aiming to protect environmental degradation and ensure sustainable banking practices. It asks the banks to formulate and adopt broad environmental or green banking policy and strategy .

Issuer name

Bangladesh Bank (central bank)

More information

The banks will approve a considerable fund in their annual budget allocation for green banking. “Banks shall comply with the instructions stipulated in the detailed guidelines on environmental risk management (ERM) in consideration of a part of the green banking policy,” the guideline said, adding that the banks will incorporate environmental and climate change risk as part of the existing credit risk methodology prescribed to assess a prospective borrower.

Reporting resources

True

Organizations covered by the instrument

All Companies

Target organization notes

Banks and Financial Institutions

Industry scope

Financial Services

Disclosure venue

sustainability report

ESG coverage - E (Environment)

All

ESG coverage- Eco (Economic & General)

Trade and Investment

Status

Current

Country

Bangladesh

Region

Asia Pacific

Date of publication

2013

Issuer type

Financial Market Regulators

Reporting requirements

Guidelines and standards for non-financial reporting

Mandatory or voluntary

Voluntary

The geographical scope

National/federal

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