BRAC Bank unveils sustainability report 2023

BRAC Bank has launched its Sustainability Report 2023, 'Bloom into the Future,' marking its second sustainability report since it began sharing its efforts.

The ceremony was graced by Syeda Rizwana Hasan, Adviser to the Ministry of Environment, Forest, and Climate Change, as the chief guest and Ms. Nurun Nahar, Deputy Governor of Bangladesh Bank, as a special guest.

BRAC Bank's Chairperson, Meheriar M. Hasan, Managing Director and CEO, Selim R.F. Hussain, and DMD and Chief Operating Officer Sabbir Hossain, along with the bank's corporate and SME clients, stakeholders, and other dignitaries, also attended the ceremony.

This report underscores the bank's dedication to a sustainable future and follows the Global Reporting Initiative (GRI) framework. It provides a comprehensive look at the bank's sustainability strategy, focusing on its impact on the environment, society, and governance (ESG).

By publishing this report, BRAC Bank has reinforced its position as a leader in environmental responsibility within Bangladesh's financial sector. The bank's commitment to responsible financing, good governance, and combating climate change is evident through its transparency and sustainability practices.

Syeda Rizwana Hasan praised BRAC Bank for its efforts in disclosing its sustainability agenda. She stated, "I envision a future in Bangladesh where sustainability is integrated into every aspect of life— from urban planning to agriculture, which means embracing innovative solutions such as green finance, circular economy practices, and sustainable technologies. BRAC Bank has taken steps in this direction, and its initiatives in green finance can serve as a model for other organisations looking to scale their impact and contribute to a greener, more resilient economy."

Nurun Nahar emphasised the central bank's dedication to promoting a culture of sustainability disclosure among banks. She stated, "Sustainability ratings do not simply measure performance; they also demonstrate a bank's dedication to long-term growth that considers economic advancement, environmental protection, and social responsibility. At Bangladesh Bank, we believe incorporating sustainability into banking practices is crucial for constructing a robust and inclusive future."

Meheriar M. Hasan commented: "Sustainability is no longer a choice but a responsibility in the modern banking industry. BRAC Bank has been a proud advocate of sustainable banking practices, both in Bangladesh and on the international stage."

"We believe finance must serve a higher purpose— one that supports people, the planet, and long-term prosperity. The report encapsulates the bank's purpose and actions in sustainability frontiers," he added.

Selim R. F. Hussain said, "The report is a tangible manifestation of our commitment to values-based, responsible, and sustainable banking practices that promote economic growth while considering social and environmental factors."

"This year's theme, 'Bloom into the Future' report, reflects our vision of a flourishing, inclusive future where sustainability and financial prosperity coexist. We are not just growing as a bank; we are reshaping the future of banking to serve a higher purpose," he added.