13-1 Environmental Risk Management Guidelines for Banks and Financial Institutions in Bangladesh

Summary

This Guideline aims to work in parallel with the central bank’s drive to create conscientious project financing through adoption of a Corporate Social Responsibility framework by the financial sector, as both aspects are critical to the functioning of a sustainable banking system in Bangladesh. While the objective of CSR is to realize and prioritize the financial sector’s imprint on the environment and society in which it operates, the ERM Guideline aims to internalize the risk that a deteriorating environment poses on the interests of the financial institution. In this effort, cooperation within the financial sector is of utmost importance.

Thumbnail image for This Guideline aims to work in parallel with the central bank’s drive to create conscientious project financing through adoption of a Corporate Social Responsibility framework by the financial sector, as both aspects are critical to the functioning of a sustainable banking system in Bangladesh. While the objective of CSR is to realize and prioritize the financial sector’s imprint on the environment and society in which it operates, the ERM Guideline aims to internalize the risk that a deteriorating environment poses on the interests of the financial institution. In this effort, cooperation within the financial sector is of utmost importance.

Issuer

Bangladesh

Year

2011

Region

Asia

Issuer (type)

Bangladesh Bank (Central Bank)

Policy Type

Other sustainability policy

Geographical scope

National

Mandatory or voluntary

Mandatory

Main industries targeted

Manufacturing
Finance & Insurance
Agriculture, Forestry, Fishing & Hunting
Transportation & Warehousing

Restrictiveness

Low

Sustainable Development Goals (SDGs)

SDG 3: Good Health and Well-being
SDG 6: Clean Water and Sanitation
SDG 8: Decent Work and Economic Growth
SDG 9: Industry, Innovation, and Infrastructure
SDG 10: Reduced Inequality
SDG 11: Sustainable Cities and Communities
SDG 12: Responsible Consumption and Production
SDG 13: Climate Action
SDG 14: Life Below Water
SDG 15: Life on Land