BRAC Bank has recently published independent IFRS S1 and S2 reports, a globally aligned framework for climate and sustainability risk disclosure developed by the International Sustainability Standards Board, said a press release.
With the publication of its maiden independent IFRS report, BRAC Bank becomes the only bank in Bangladesh and one of the few globally to adopt the newly introduced standards, it added.
The report offers a comprehensive view of how BRAC Bank identifies, manages and discloses its exposure to sustainability and climate-related risks and opportunities. It includes detailed metrics on board-level ESG oversight, integration of sustainability into business strategy, climate risk management systems and the bank鈥檚 full greenhouse gas emissions footprint, including Scope 1, Scope 2 and Scope 3 emissions.
Tareq Refat Ullah Khan, managing director and CEO (current charge), said, 鈥楾his report is our way of telling the full story beyond just about profits, highlighting our planetary impact.鈥�
