Green banking financing programs activities undertaken by bank As per Bangladesh Banks guideline, Our Bank has formulated an environmental or Green Banking policy and strategy for approval the Board of Directors. As per BRPD circular . The Directors of the Board has assigned to the Executive Committee of the Board to perform the Green Banking activities/prot-folio of the Bank.
The committee is responsible for reviewing the bank’s environmental policies, strategies and program. The committee also shall approve a fund in the annual budget allocation for green banking.
Our Bank has also formed a separate Green Banking Unit or Cell having the responsibility of designing, evaluating and administering related green banking issues of the bank. The senior executives and operational head of different service delivery station/point are assigned with the responsibility of leading the unit.
Green banking financing programs Initiating In-house Environment Management:
A ‘Green Office Guide’ and a set of general instructions already circulated to the employees for efficient use of electricity, water, paper and reuse of equipments for example: Online communication & document, double-side printing to save papers, Ecofont in printing, use scrap paper as notepads, avoid disposable cups/glasses, Installation of energy efficient electronic equipments and automatic shutdown of computers, fans, lights, air coolers, etc. To promote the in house practice as well as building awareness a class (at least) on each & every training course has been included.
Green banking financing programs Introducing Green finance:
Our Bank has declared to prefer Eco friendly business activities and energy efficient industries at the time of selecting/marketing investment customer. Environmental infrastructure such as renewable energy project, clean water supply project, wastewater treatment plant, solid & hazardous waste disposal plant, bio-gas plant, bio-fertilizer plant will be encouraged and financed by bank. Consumer loan programs may also be applied for promoting environmental practices among the clients.
Creation of Climate Risk Fund:
Our Bank will invest in the economic activities of the flood, cyclone and drought prone areas at the regular profit rate without charging additional risk premium. However, bank has advised to the Bank Foundation to build/retain a Climate Change Risk Fund for distribution to the affecting people in case of emergency..
Introducing Green Marketing:
Green marketing is the marketing of products that are presumed to be environmentally safe. Green marketing is expected to help awareness development among common people.
Online banking is a green banking. Bank is giving more emphasis to make the easiest way to help environment by eliminating paper waste, saving gas and carbon emission, reducing printing costs and postage expenses. Meantime all the branches of the Bank have included under the system of online banking
Supporting Employee Training, Consumer Awareness and Green Event:
Bank has taken massive program to cover all of its employee under formal training for building awareness about Green Banking among themselves. Besides, issuance of circular, guideline and arrange workshop, seminar etc for building awareness both the employees and its customers will be continued.
Sector Specific Environmental Policies:
Bank has formulated strategic design for specific policies for different environmental sensitive sectors such as Agriculture, Agri-business (Poultry & Dairy), Agro farming, Leather (Tannery), Fisheries, Textile and Apparels, Renewable Energy, Pulp and Paper, Sugar and distilleries, Construction and Housing, Engineering and Basic Metal, Chemicals (Fertilizers, Pesticides and Pharmaceuticals), Rubber and Plastic Industry, Hospital/Clinic, Chemical Trading, Brick Manufacturing, Ship breaking etc
Setting up Green Branches:
A Green Branch will be featured by the provision of the maximum use of natural light, use of renewable energy, use of energy saving bulbs and other equipments, reduced water and electricity use, use of recycled water etc. Such a branch of the bank would be specifically designated as a ‘Green Branch’. The Green Branch will be entitled to display a special logo approved by Bangladesh Bank. The criteria for certification of a ‘Green Branch’ will be circulated by Bangladesh Bank in due course of time. Our Bank has already established a few branches and one building of Head Office under solar system.
Improved In-house Environment Management:
Bank are increasingly relying on virtual meeting through the use of video conferencing in lieu of physical travel which would help saving cost and energy. Meantime video conference with the Manager of Chittagong, Sylhet and North Bengal areas already been conducted.
Reporting Green Banking Activities on Quarterly Basis:
Our Bank will report its initiatives/activities under the said program to the Department of Off-site Supervision of Bangladesh Bank on quarterly basis. Bank is submitting the report narrating/stating its performance/initiatives which will be continued. Bank will keep its annual report and websites updated with the disclosures on green banking initiatives/activities.
Some additional ways of green banking are to use the ATM & CDM outside of our bank which prevents some extra paper & extra manpower.
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