City Bank PLC has published Climate Report 2024 in alignment with the International Sustainability Standards Board鈥檚 (ISSB) IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures), says a press release.
The report aims to provide investors, regulators and stakeholders with clear and decision-useful information.
It shows how sustainability and climate-related risks and opportunities are embedded in our governance, risk management and strategic planning.
The report outlines City Bank鈥檚 governance structure for overseeing sustainability and climate-related matters and the strategies adopted to support a resilient business model in the face of climate change.
It also highlights progress in decarbonisation efforts, climate risk assessments and sustainable finance initiatives undertaken to support Bangladesh鈥檚 green transition.
The report offers clear insights into the metrics and targets guiding our progress toward net zero, and our preparedness for a future shaped by climate change and evolving stakeholder expectations.
Speaking on this occasion, MD & CEO of City Bank PLC- Mashrur Arefin stated, 鈥榃e recognise the growing expectations from regulators, investors, and stakeholders for greater transparency regarding sustainability and climate-related risk management. By aligning with IFRS S1 and S2, City Bank is strengthening its accountability framework and reinforcing its commitment to a more sustainable and climate-resilient future.鈥�
City Bank remains committed to integrating climate considerations into its core business strategy and continues to collaborate with national and international partners to scale up climate finance.