Research: Demand for CSR among Millennials
BRAC Bank is a private commercial bank in Bangladesh, operated by the BRAC development organisation, focused on Small and Medium Enterprises, with headquarters in Dhaka. The company’s CSR initiatives primarily focus on employee engagement and philanthropic donations.
Registered Name: BRAC Bank Ltd
Industry: Banking
Founded in: July 2001
Headquarters: Dhaka, Bangladesh
Website: www
Revenue: BDT 3,162 Crores
Operated by the BRAC development organisation, BRAC Bank was founded to reach financial services to small business owners (SMEs). BRAC Bank Ltd. primarily engages in philanthropic giving, engaging in monetary donations to either NGOs or departments under the govt. of Bangladesh.
CSR Focal Areas: Education, Healthcare, Disaster Response.
Locations of CSR Initiatives: All over Bangladesh
Project Partners: Govt. of Bangladesh
Sustainability Reporting Standards: None at present
BRAC Bank’s CSR activities fall under the CSR Guidelines of Bangladesh Bank Sustainable Finance Department, where it is mandatory to spread out CSR initiatives in certain approved initiatives for education, healthcare and climate change (disaster response or conservationism). The bank primarily engages in one-off donations to government relief funds under several categories. BRAC Bank hosts an annual run to raise funds called “Dour”, where the company raises funds from employees and participants, while doubling the amount raised. The donation goes to a changing roster of NGOs as per the management discretion.
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This company does not publish Annual Sustainability Reports in Bangladesh.
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