“IPDC Finance’s outstanding performance in these areas has earned it a prominent position for the third time,” the company stated.

Rizwan Dawood Shams, Managing Director of IPDC Finance, expressed his gratitude: “We express our sincerest gratitude to the central bank for this recognition, the guidance, and the leadership for promoting sustainability within the financial sector. This award shows we’re on the right track with integrating sustainable practices into everything we do, not just eco-friendly activities. We’re all about keeping our unbounded passion alive.”

Shams emphasized that this achievement highlights IPDC Finance’s strategic focus on sustainability. While the company prioritizes providing innovative environment-friendly green financing solutions and promoting eco-friendly practices through green refinancing, this award underscores their commitment to comprehensive sustainability. This includes a focus on CSME growth, long-term profitability, liquidity, capital adequacy, non-performing loans, credit ratings, financial inclusion, women’s empowerment, and CSR.

In addition to IPDC Finance, thirteen banks and two other financial institutions were also recognized for their achievements in the 2023 Sustainability Rating. This collective recognition showcases the growing commitment to sustainable practices within Bangladesh’s financial sector.