Brac Bank honoured for 'outstanding works' in sustainable banking

Bangladesh Institute of Bank Management (BIBM) and Germen Development Agency (GIZ) have honoured Brac Bank for its "outstanding works" in sustainable banking in 2021.

BIBM and GIZ recognised top sustainable banks and financial instructions for their exceptional performance in sustainable financing, environmental protection, social transformation, climate change, and contribution to sustainable development goals (SDGs).

Brac Bank's Deputy Managing Director and Chief Operating Officer Md Sabbir Hossain received the award at the 9th annual banking conference organised by BIBM in Dhaka on 28 August.

BIBM Director General Dr Md Akhtaruzzaman, Bangladesh Bank Sustainable Finance Department Director Khondkar Morshed Millat, Head of German Development Corporation Florian Hoellen, renowned Climate Expert and Director of the International Centre for Climate Change and Development (ICCCAD) Prof Saleemul Huq were among the distinguished guests present on the occasion.

Commenting on the accolade, Brac Bank's Deputy Managing Director and Chief Operating Officer, Md Sabbir Hossain said, "We are honoured to have been recognised by BIBM and GIZ. This prestigious recognition will inspire us to expand our sustainability initiatives further. Our values-based business model, centred on governance, transparency, ethics and compliance, has laid the strong foundation to excel in green financing, sustainable CMSME and agriculture financing and socially responsible initiatives."

"As a responsible organisation, Brac Bank is working to strike the right balance between sustainability and economic progression to achieve economic resilience against future financial and climate challenges. Our CSR initiatives are also focused on programmes that have a lasting impact on society and people," he added.