Bangladesh is poised to pursue a path of sustainable development with a strong emphasis on Corporate Social Responsibility (CSR), as outlined in a recent World Bank report. The report, titled “Framework for Implementing Green Growth in Bangladesh – 2023,” highlights the country’s ambitious goal to achieve Upper Middle-Income Country status by 2031 through green growth initiatives.
Researchers at the Entomology Division of Bangladesh Agricultural Research Institute (BARI) are actively investigating the efficacy of organic pesticides to enhance the safety and sustainability of vegetable farming.
A recent report by the International Finance Corporation (IFC) has spotlighted Bangladesh as a leader in women’s career aspirations within the banking sector among emerging South Asian economies. The study, conducted across seven commercial banks in Bangladesh, reveals that 89% of women in the country aspire to advance to senior roles, surpassing figures from Nepal (79%) and Sri Lanka (70%).
Fitch Ratings has downgraded Bangladesh’s Long-Term Foreign-Currency Issuer Default Rating from ‘BB-‘ to ‘B+’, maintaining a Stable Outlook. The complete list of rating actions is provided at the end of this commentary.
Ashraf Ahmed, president of the Dhaka Chamber of Commerce and Industry (DCCI), emphasized on Saturday the critical importance of adopting environmental, social, and corporate governance (ESG) compliance reporting standards to enhance trade and investment. He asserted that an ESG compliance framework would not only align business values and strategies with sustainability goals and drive economic growth but also ensure competitiveness beyond the graduation from least developed country (LDC) status.
NCC Bank has entered into a partnership with the Bangladesh Rice Research Institute (BRRI), wherein the bank will extend financial support amounting to Tk 90 lakh towards a research endeavor focused on the development of a “Prilled Urea Applicator.”
The Bangladesh Bank on Monday allowed banks to disburse their special corporate social responsibility funds among coronavirus-affected and distressed people through the Bangladesh Army’s Sena Kalyan Sangstha.
Bangladesh is listed among the three most progressed countries on the SDG Index, along with Côte d’Ivoire and Afghanistan.
Bangladesh has moved up six notches on the Happiness Index, ahead of India, Pakistan, Sri Lanka, and Myanmar.
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