BRAC Bank has taken a proactive step by becoming the first bank in Bangladesh to disclose its Scope 3 greenhouse gas (GHG) emissions at the portfolio level, with a focus on business loans, which constitute 81% of its total portfolio.

This groundbreaking disclosure underlines the bank's commitment to transparency and accountability regarding environmental impacts, as highlighted in a press release issued by BRAC Bank on monday March 4th.

Amid evolving global regulations in sustainability, BRAC Bank's proactive approach positions it as a leader in driving crucial changes within the banking industry. The bank's Sustainability Report, endorsed by the Partnership for Carbon Accounting Financials (PCAF) and available on its website, demonstrates its adherence to international sustainability reporting standards.

As a founding member of the Global Alliance for Banking on Values (GABV), BRAC Bank has consistently showcased its dedication to sustainable banking practices. By becoming a signatory of PCAF in March 2019, alongside select GABV member banks globally, it has further reinforced its role as an environmental steward within the financial sector.

BRAC Bank's commitment to sustainability is further evident in its regular publication of reports adhering to the Global Reporting Initiative (GRI) Guidelines, placing it among a select group of banks and multinational corporations in Bangladesh.

Furthermore, BRAC Bank stands out as the sole bank from Bangladesh to have signed onto PCAF, underscoring its unparalleled commitment to environmental transparency.

Chief Sustainability Officer and Deputy Managing Director of BRAC Bank, Sabbir Hossain, emphasized, "Sustainability is integral to our operations, and this disclosure of GHG emissions marks a pivotal step in our journey toward carbon neutrality. We remain committed to expanding our disclosures, encompassing internal emissions, and extending the scope in future reports, with the ultimate goal of transitioning towards net zero."