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BRAC Bank releases its maiden sustainability report

BRAC Bank officially released its first sustainability report, highlighting its commitment towards a sustainable future following Global Reporting Initiative standards.

BRAC Bank officially released its first sustainability report, highlighting its commitment towards a sustainable future. 

The report follows the widely recognised Global Reporting Initiative (GRI) framework, offering a voluntary and full disclosure of the bank’s comprehensive strategy in the area of sustainability with a particular focus on the impact on the environment, society and governance (ESG), a press release says. 

The report covered the bank’s operations in 2022 in its various activities, providing a snapshot of the bank’s efforts to reduce adverse impacts on the environment and its social responsibility programmes, including financial inclusion and digital transformation.

The report also details the governance framework that guides the strategy built on transparency, accountability and critical matters, the release says.

Selim RF Hussain, Managing Director and CEO of the bank, commended the bank on this significant success in publishing its first sustainability report and pledged that the focus on sustainability will continue by implementing a clear and emerging strategy.

“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”, he said.

The report is built around three sustainability pillars of the bank: promises to foster values-based banking, commitments to balance profit with sustainability and creating an impact beyond just banking, the release adds.

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