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Sustainable Banking Initiatives in Bangladesh

1. Several banks in Bangladesh are financing renewable energy, recycling, and environmentally friendly projects. Dutch-Bangla Bank has financed the country's first waste recycling project and CNG transportation. 2. BRAC Bank promotes green banking through solar power installations, biogas plants, and refuses to finance any projects that could harm the environment. 3. HSBC Bangladesh sponsors conservation and tree planting initiatives like the Lawachara Eco-Park and celebrates World Environment Day.

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0% found this document useful (0 votes)
21 views7 pages

Sustainable Banking Initiatives in Bangladesh

1. Several banks in Bangladesh are financing renewable energy, recycling, and environmentally friendly projects. Dutch-Bangla Bank has financed the country's first waste recycling project and CNG transportation. 2. BRAC Bank promotes green banking through solar power installations, biogas plants, and refuses to finance any projects that could harm the environment. 3. HSBC Bangladesh sponsors conservation and tree planting initiatives like the Lawachara Eco-Park and celebrates World Environment Day.

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shaikatkhan
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© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

ECOLOGY Renewable energy Dutch bangle bank limited

The Bank has snctioned EURO 2.0 million in equivalent BDT to finance country's first ever and World's first waste recycling based Clean Development Mechanism Project. A EURO 12.0 million joint-venture project, WWR Bio Fertilizer Bangladesh Limited involves cross border financing from FMO and High Tide of the Netherlands. When implemented, the project would recycle the city's waste into fertilizer and generate CER through carbon trading. Shahjalal Islami Bank

This facility will be allowed for entrepreneurs of re-cycle industry made out of waste goods such as used paper, wood, glass, tin-pots, plastic bottles to make the environment clean and waste-management. Finance for solar-panel named as Shobuj-Shokti:

Brac bank Bangladesh limited

BRAC Bank is a planet caring bank. Its 3P philosophy defines environmental connection of the bank.
BRAC Bank promotes green banking and support green initiatives, through its social works and banking, to do something for the mother nature. Here are some of the initiatives. Solarizing SME Offices Biogas Plant Solar Power will run the SME Unit Offices PEOPLE, PLANET, PROFIT- this is the philosophy BRAC Bank believes in. And so BRAC Bank never stands or finance for any project that can harm the environment. To provide the Small and Medium Entrepreneurships (SME) loan facilities BRAC Bank has its units allover the country. Already 22 SME units are equipped with the solar-power installments, gradually this will be installed in every unit all over thecountry. According to the direction of BANGLADESH BANK, BRAC Bank has introduced RenewableEnergy Desk in its main office, which monitors the banks activities in this field. Under the custody of the BANGLADESH BANKS refinancing scheme BRAC Bank is also financing for solar panel, ETP, light engineering etc.

Eastern Bank

Eastern Bank was looking for a greener energy option from their energy supplier and by supplying renewable energy certificates we were able to meet their needs," said John Bennett, vice president of sales for Constellation. "Increasingly companies are searching for options to support sustainability goals and initiatives. We are proud that we are able to offer our customers multiple green products, including not only renewable energy certificates but also solar and load response options as well.

Awareness campaign Dutch bangle bank limited


DBBL is regularly advertising in print and electronic media to develop an eco-friendly society for sustainable and healthy human life. DBBL provides financial assistance to the organization named Save the Environment Movement for arranging seminars and round table talks in 6 (six) divisional cities on Risk of Earthquake

HSBC

To build up expertise among employees regarding climate change, HSBC and The Climate Group, Earthwatch, Smithsonian Tropical Research Institute and WWF organised Climate Championship programme. This year the championship took place in India. Like every year, this year too , eager employees of HSBC Bangladesh applied for the programme. From a wide number of applicants, Earthwatch committee selected a few who got the opportunity to go for a 14 day training in India. Coming back to the country, they had the opportunity to make environment-friendly business models. Climate Partnership 2011 I have never been to a forest like this working in the middle of thick vegetation, sitting on a bunch of fallen leaves and so much more. I would encourage all those who have this intrinsic concern for Nature and the bounties it has given us, to come forward and participate in this program. Its a wonderful opportunity to not only learn for oneself but for the wider community around us. Lawachara Eco-park Sponsorship To facilitate natural forestry preservation, HSBC Bangladesh became the sole sponsor of the interior decoration of the exhibition hall of Lawachara eco-park - one of the major national reserves in Bangladesh and the only local rainforest. This forest consists of 460 species including 167 plant species, 4 amphibian species, 6 reptile species, 246 bird species and 20 mammal species and is situated in Moulvibazaar, Bangladesh. 8 kilometres east from Srimongal town, this 1,250 -hectre forest is one of the most beautiful tropical forests in the region.

Lawachara is also called a Bird Safari for the abundance of different species of birds found in the range. HSBC Bangladesh sponsored Ice Todays initiative to publish a special supplement featuring Climate Change related photographs. The postcards depicted the effect of climate change and also contained short notes on HSBCs contribution on ensuring sustainability not just locally but also globally. Rainwater Harvesting Project With an aim to provide safe drinking water and ensure optimum usage of rainwater, HSBC Bangladesh installed two Rainwater Harvesting (RWH) plants in two schools in Dhaka city namely Banani Bidyaniketon and Viquarunnessa Noon School and College this year. Last year such plants were installed in 2 schools and the head office of HSBC Bangladesh. Mercantile Bank The whole world is increasingly experiencing the devastating effects of environmental changes for Green House affects due to global warming. The Bank is mindful of its responsibilities to the future generations by playing its part in promoting environmental awareness and in the conservation of the environment

City Bank
Environment

Beautification and preserving environment at Lake Side park, Baridhara to develop an ecofriendly society for healthy human life in collaboration with Baridhara Society. Ajker Padma, an environment preserving program. Conducting Fresh Air Excursion programs for children.

Dhaka Bank
Environment

Sponsored the city beautification program initiated by Dhaka City Corporation by refurbishing Dhaka Bank Fountain in front of Ministry of Foreign Affairs and Dhaka Bank Park in front of Dhaka Bank Head Office, beautification at Jashimuddin Crossing at Uttara costing 1.5 m, and also in front of Dhaka Bank Head Office costing 1.2 m.

Sustainable transportation Dutch bangle bank limited


DBBL has financed CNG refueling stations and CNG run public transports under Dhaka Clean Fuel Project DBBL has financed 13 CNG refueling stations and 60 public transports under Dhaka Clean Fuel Project with refinancing from Rupantarita Prakritik Gas Company Limited.

Waste management
Dutch bangle bank limited
DBBL has sanctioned first waste recycling project of the country

Sahjalal Islami Bank


This facility will be allowed for entrepreneurs for handicraft and jute products made out of natural material that will replace plastic and polythin products which are not disposable to the environment.

Finance for re-cycle industry named as Rupantor:

Tree plantation
HSBC Bangladesh celebrated the World Environment Day by planting trees in one of the countrys most prominent schools - Viquarunnessa Noon School and College. Furthermore, an

environment-related quiz which gauges the knowledge and awareness level of employees was uploaded on the Staff intranet - Banglanet. 3 winners of the quiz had an opportunity to visit and plant trees in Hakaluki Haor a national wetland preserve. Tree plantation in Viquarunnessa Noon School and College Over 1000 saplings, 50 types of medicinal, herbal and floral plants Free saplings distributed among employees in the Management Office, Dhaka Main Office and Gulshan Branch Employees Volunterred Over 20 staff members, over 100 man-hours dedicated.

Sahjalal Bank
Finance for farmer for tree plantation named as Shobujayon: This facility will be allowed for plantation in vacant lands that are not used for crops.

Sustainable Financing
Shahjalal Islami Bank Finance for handicraft and jute products names as Kutir: This facility will be allowed for house-holds, industries and business places for use of solar panel within the city and the rural off-grid areas to reduce of electricity.

Finance for industries names as Shobuj Shilpo: This facility will be allowed for installing ETP plants that makes the environment clean and green.

Finance for smokeless brick making technology

Jamuna Bank
To save our beloved earth from the disaster of Green House Effect, Jamuna Bank is offering ECO friendly product Jamuna Green. Under this product, you can get finance for ETP plants in different sectors, Eco friendly vehicles, Eco friendly fields (reduce CO2 emission), Bio Fertilizer, Bio gas plants, Solar plants and Eco friendly any other business. Mode of finance shall be Term Loan mainly. Purpose To facilitate establishment of eco friendly projects.

Sahjalal Bank
Green Products The followings are some example of Green Products: Finance for Farmers named as Krishan:

This facility will be allowed to farmer for purchasing highly productive seeds, fertilizer (green and environmentally friendly) and arranging irrigation.

Mercantile Bank
The Bank takes environmental issues very cautiously while financing new projects. It finances only in those projects which are environment-friendly. Early detection of environmental risks is an integral part of credit appraisal system of the Bank. Ecological damage will sooner or later harm not only the society but also the Bank, in the form of loan losses or image problems. In this regard, the Bank participated by sending its officials in Foreign Training Program on 'Environmental Issues'. Issue of Green Banking is considering with utmost core in our Bank.

Co2 Reduction Sahjalal Islami Bank

Finance for new technologies for manufacturing alternative burner/cooker and fuel: Micro finance will be allowed to the Bio-gas plants, manufacturer of alternative cooker and fuel out of used coal and husk to be used in lieu of fire-wood that will save the trees.

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