City Bank PLC has published its inaugural environmental, social and governance (ESG) report titled ‘Bank on Solidity, Banking on Sustainability,’ said a press release.
It details progress in green and sustainable finance, including investments in renewable energy, energy efficiency, and waste management, alongside integration of environmental and social risk management in lending.
Beyond climate action, the report showcases financial inclusion efforts, support for women entrepreneurs, SME financing, CSR activities and the bank’s GHG emissions inventory, emphasising transparency and accountability.
Building on previous sustainability reports, this comprehensive ESG report aligns with global frameworks, including GRI Standards, IFRS S1 and S2, UN SDGs and others.
Mashrur Arefin, managing director and chief executive officer of City Bank PLC, stated, ‘Our ESG report reflects our journey to becoming a future-ready, responsible, and inclusive financial institution, strengthening stakeholder trust and reinforcing our role as a catalyst for sustainable growth in Bangladesh.’
The full ESG Report 2024 is available on City Bank’s website.