EBL reaffirms ESG leadership with release of Sustainability Report 2024
Eastern Bank PLC (EBL) has released its standalone Sustainability Report 2024, reaffirming its leadership in environmental, social, and governance (ESG) excellence within Bangladesh's banking sector.
The report, prepared in accordance with IFRS S1 – Sustainability Disclosures and IFRS S2 – Climate-related Disclosures, highlights EBL's continued commitment to global standards of transparency, accountability, and climate risk management.
Ali Reza Iftekhar, managing director of EBL, said: "The Sustainability Report 2024 reflects EBL's pioneering role in integrating climate risk assessment and greenhouse gas accounting into banking operations. Through alignment with IFRS S1 and S2, we aim to enhance resilience, transparency, and accountability across our financial ecosystem."
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Recognised among the top ten sustainable banks by Bangladesh Bank, EBL continues to embed environmental and social risk management, green finance, and climate resilience into its core strategy. The bank collaborates with several international development partners, including IFC, DEG, FMO, ADB, JIM Foundation, and the OPEC Fund, to advance its sustainability agenda.
As the first bank in Bangladesh to conduct a comprehensive climate risk assessment across its lending portfolio, EBL evaluated both physical and transition risks—analysing the potential impact of floods, cyclones, temperature rise, and policy changes on clients and overall portfolio performance.
The bank has also completed a full greenhouse gas (GHG) emissions inventory, covering Scope 1, 2, and 3 emissions, including financed emissions—which represent the largest share of its carbon footprint. This assessment lays the groundwork for EBL's sectoral decarbonisation pathway, supporting Bangladesh's national climate goals and the Paris Agreement targets.
The Sustainability Report 2024 is available on EBL's official website, providing stakeholders with detailed insights into the bank's ESG governance, climate risk framework, and roadmap towards a low-carbon, sustainable future.
