Trust Bank unveils first annual sustainability report
Trust Bank PLC has unveiled its first Annual Sustainability Report in the presence of Chowdhury Liakat Ali, Director of the Sustainable Finance Department (SFD) of Bangladesh Bank, and Ahsan Zaman Chowdhury, Managing Director and Chief Executive Officer of Trust Bank, together with senior executives and officials of the bank.
Among those present were Akhlasur Rahman Bhuiyan, Deputy Managing Director and Chief Risk Officer; Md Kamal Hossain Sarker, Deputy Managing Director and Head of Investment Banking Division; A B M Mizanur Rahman, Senior Executive Vice-President and Head of Credit Risk Management Division and Sustainable Finance Unit; Kamrul Hasan, Joint Director; Md Abu Rayhan, Joint Director of Bangladesh Bank; and Md Abu Nayeem, Assistant Director of the Sustainable Finance Department.
The report has been prepared with a focus on environmental, social and governance (ESG) performance and strategic priorities, in line with IFRS S1 and IFRS S2 standards, as well as the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). It aims to enhance awareness and capacity among the bank's executives and officials regarding sustainable banking practices and to support its long-term strategic objectives.
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In his keynote address, Chowdhury Liakat Ali elaborated on the current landscape of sustainable finance, green finance, refinancing mechanisms and environmental and social risk management. He highlighted the growing importance of the sector and commended Trust Bank for publishing its first annual sustainability report.
Presiding over the programme, Ahsan Zaman Chowdhury said Trust Bank has been ranked among the country's top sustainable banks for two consecutive years, in 2022 and 2023. He said the bank has been operating in line with Bangladesh Bank guidelines, giving due importance to ESG factors and demonstrating responsibility towards the triple bottom line—people, planet and profit.
"As part of this commitment, the bank has formally unveiled and published its Annual Sustainability Report 2024, which showcases Trust Bank's initiatives and activities aimed at building a sustainable future," he said.
