Green & Sustainable Finance
To combat the global challenges we face today, such as climate change and evolving environmental risks,
Green and Sustainable Finance is a significant tool to drive towards a low-carbon, sustainable economy.
Green Finance is focused on financing initiatives, such as reducing GHG emissions and promoting renewable
energy, which will eventually positively impact the ecosystem. In contrast, Sustainable Finance considers
environmental, social, and governance (ESG) factors in investment decisions for long-term economic,
environmental and social growth.
Green and Sustainable Finance aims to achieve the global targets set through the Paris Agreement and the
broader United Nations Sustainable Development Goals (SDGs). Furthermore, to attain national targets set by
the Government, such as Vision 2041, Intended Nationally Determined Contributions (INDCs) and Delta Plan
2100, there is no alternative to march towards sustainability.
Our goal is to pioneer being a top sustainable bank in terms of our business investments and banking practices. The broader motive is to meet the international and national long-term economic, environmental and social growth agenda by implementing green and sustainable financing.
To do so, we engage our stakeholders in integrating ESG considerations into decision-making processes. BRAC Bank has already inaugurated 25 dedicated sustainable finance help desks across the country to carry forward sustainability issues within the shortest period. We provide technical support, such as assessing the values and scopes of green projects by acting as the focal point to protect client’s interests. We also manage all our clients' Environmental and Social Risks based on the ESRM guideline circulated by the central bank.
Major Products:
- Solar & Other Renewable Energy
Renewable Energies are sustainable; that is, it has no edge, it is endless. Using renewable energy is encouraged because of the rising concern of climate change, as it benefits the environment of its non-polluting character asymmetric to finite sources like coal, petroleum, fossil fuels and natural gas. Among all the renewable energies, like wind power, hydropower, biomass and others, this planet's most bountiful and available energy source is sunlight. This energy can be converted to electricity and stored in the batteries. BRAC Bank targets investing more in the renewable energy sector to facilitate our ecosystem. - Energy Efficient Technology
The world is now a global village connected through different electronic media fueled by electric power. With time being, the engagement with energy is increasing. In the modern world, it has become a requirement for all industries to adopt energy-efficient technologies owing to the upward trend of energy cost.
Moreover, to equilibrate the quality of life and climate change, we need energy-efficient technologies which will manage the energy more efficiently that is, it will consume less electricity and energy to generate more output. BRAC Bank is strongly focused on investing in energy-efficient technologies through different refinancing schemes of Bangladesh Bank. - Effluent Treatment Plant (ETP)/ Water Treatment Plant (WTP)
Effluent Treatment Plant (ETP) uses various techniques to process wastewater to dispose safely in the environment, lowering the demand of fresh water.
On the other hand, a Water Treatment Plant (WTP) does the same but mainly aims to generate 100% potable water.
As a leading bank in an overpopulated country like Bangladesh, BRAC Bank wants to invest in ETP/WTP/STP projects for the environment's welfare. We also are investing in WTP projects in the coastal areas where scarcity of drinking water prevails. - Green Establishment
Green establishment is a multi-disciplinary building backed by certification from LEED/EDGE/GREHA/SREDA which facilitate the efficient use of energy and other resources adopting renewable energy and eco-friendly resources. Reduction of waste production and prevention of pollution is also a prime criterion which enhance the indoor environment quality and curtail GHG emission.
BRAC Bank is keen to ameliorate this sector by investing the projects of green establishments to comply with the global goals. - Recycling Plant
In this industrial age, the growing demand worldwide generates more and more waste, among which most are non-degradable. Recycling these wastes can be converted into new products, facilitating a circular economy and sustainable future.
BRAC Bank is committed to investing in different recycling plants to fight the global concern of sustainability. - Environment Friendly Brick Kiln
Along with the capital city, Dhaka, other major cities are reported to be polluted tremendously by brick kilns. Department of Environment (DoE) said that 58% of the pollution that Dhaka experiences is from brick kilns. It pollutes the air as well as waterbodies, which poses severe health damage to city dwellers. Another concern is that brick kiln workers are neglected regarding their rights and suffer from a lack of safety, working in an unhealthy environment full of flying dust and extreme heat.
Bangladesh's Government emphasizes transforming traditional kilns, such as fixed chimney kilns, which consume more coal and emit more Sulphur Dioxide, to modern brick kilns, e.g. Zigzag Brick Kilns.
To achieve the greater goal, BRAC Bank is devoted to financing modern and cleaner technologies in brick kilns. - LED Manufacturing/Assembling
Industries and commercial and individual buildings require enormous energy to run day-to-day operations. The lighting system needs a significant portion of total electricity, which is requisite for functioning. Light Emitting Diodes (LEDs) are more efficient than traditional lighting systems, which are less costly, need lower maintenance, have better lighting capacity, emit no heat, and have a longer life span.
BRAC Bank is pledged to finance LED projects to facilitate marching towards sustainability and reduce electricity consumption. - Lithium Manufacturing Plant
Lithium is the lightest metal on the earth, primarily used for powering electric vehicles. Lithium batteries are well known for their performance and durability. In the following decades, the need for lithium will increase as the popularity and demand for electronic vehicles rise exponentially.
As world leaders promote electronic vehicles to curb petroleum usage, our bank is motivated to finance lithium manufacturing plants to comply with this unanimous judgement. - Waste Management Plant
Being an overpopulated country where 1,329 people live in every square kilometer, it produces tons of waste daily, which is toxic to the environment and detrimental to people’s health. Waste management plants transform the garbage into useful resources, which impedes disease outbreaks and unhealthy environments.
The growing demand of sustainable future claims investing more in waste management plants, aligning with BRAC Bank’s interest. - Jute Product Manufacturing
Jute is a sustainable and organic fabric as it is durable and degradable. Also, conventional jute processing is free of synthetic chemicals in contrast to conventional non-biodegradable materials we use, e.g. plastic & polythene, which causes massive pollution.
Bangladesh is the second-highest jute-producing country, so there is ample scope to manufacture jute products, eliminating all harmful alternatives. Our bank is enthusiastic to invest in environment-friendly sectors like jute product manufacturing.
- Green Refinancing Scheme (GRS)
Green Refinancing Scheme (GRS) is a revolving refinancing scheme of BDT 400 crore which is introduced by Bangladesh Bank to excite financing in environment friendly projects/products.
Major Criteria:
- Interest Rate 5%
- Long – Term Loan
- Minimum Debt-Equity ratio should be 70: 30 of the project
- Tenure: 3 to 10 years
Major Products:
- Renewable Energy
- Energy Efficient Machineries
- Alternative Energy
- Liquid Waste Management
- Solid Waste Management
- Recycling and Manufacturing
- Environment Friendly Brick Kiln
- Environment Friendly Establishments
- Green Agriculture
- Green CMSME
- Socially Responsible Finance
- Technology Development /Up-gradation Fund (TDF)
Technology Development /Up-gradation Fund (TDF) is a revolving refinancing scheme of BDT 1000 crore which Bangladesh Bank introduces to modernize export-oriented industries and flourish their technological development.
Major Criteria:
- Interest Rate 5%
- Long – Term Loan
- Minimum Debt-Equity ratio should be 70: 30 of the project
- Tenure: 3 to 10 years
Major Products:
- Capital Machineries
- Renewable Energy Products
- Fire Safety Products
- Waste Management Machineries
- ETP/WTP
- Green Transformation Fund (GTF)
Green Transformation Fund (GTF) is a revolving refinancing scheme of BDT 5000 crore, which Bangladesh Bank introduces to excite sustainable growth in export-import oriented industries.
Major Criteria:
- Interest Rate 5%
- Long – Term Loan
- Minimum Debt-Equity ratio should be 70: 30 of the product
- Tenure: 5 to 10 years
- Maximum 200 Crore/Client or entity
Major Products:
- Capital Machineries
- Renewable Energy Products
- Fire Safety Products
- Waste Management Machineries
- ETP/WTP
- JICA USD Fund
Japan International Cooperation Agency (JICA) has extended its first-ever private sector financing in Bangladesh to BRAC Bank. Citibank NA is the co-financier of this long-term FCY facility. The proceeds of the Citi-JICA Facility shall be used to support the borrower’s on-lending in the following Green Finance segments under the Sustainable Finance Policy for Banks and Financial Institutions with a particular focus on Renewable Energy, Energy and Resource Efficiency and Alternative Energy.
- Renewable Energy
- Energy & Resource Efficiency
- Alternative Energy
- Liquid Waste Management
- Solid Waste Management
- Recycling & Manufacturing of Recyclable Goods
- Environment Friendly Brick Production
- Green/Environment Friendly Establishments
- Green Agriculture
- Green CMSME
Signing ceremony of USD 100 million green finance Citi-JICA Facility with BRAC Bank
- Carbon Calculation
BRAC Bank and FUTURE CARBON has Signed a Contract to Calculate the Carbon Footprint of BRAC Bank
- Sustainable Finance Help Desk
As per the regulations of the Central Bank of Bangladesh, we have inaugurated 25 dedicated sustainable finance help desks across the country to carry forward sustainability issues within the shortest period. The mentioned branches have a sustainable finance help desk at your service.
- Satmasjid Road Branch
- Panthapath Branch
- Jatrabari SMESC Branch
- Moghbazar Branch
- Uttara Jashim Uddin Branch
- Imamganj Branch
- Mitford Branch
- Shaymoli Branch
- JASHORE Branch
- North Gulshan Branch
- Motijheel Branch
- Bonosree Branch
- Rajshahi Branch
- Rampura Branch
- Progati Sarani Branch
- Bijoynagar Branch
- Dholaikhal Branch
- Mirpur Branch
- Mohammadpur Branch
- Mirpur Section 01 Branch
- Natun Bazar Branch
- CDA Avenue Branch
- Agrabad Branch
- KazirDewri Branch
- Halishahar Branch
We have two different wings under Sustainable Finance Unit which are Green Banking and CSR. Sustainable Finance Unit reports to Sustainable Finance Committee which is responsible to Board Risk Management committee.
Sustainable Finance Committee (SFC)
Here is our Sustainable Finance Committee which ensures a robust and effective operation of Sustainable Finance.
NO. | Designation | Place within the unit |
---|---|---|
1 | DMD & Chief Operating Officer | Chairman |
2 | DMD & CFO | Member |
3 | DMD & Head of Corporate Banking | Member |
4 | DMD & Head of SME Banking | Member |
5 | DMD & Head of Treasury & FI | Member |
6 | Head of General Services | Member |
7 | Head of ICC | Member |
8 | Head of CRM | Member |
9 | Head of Retail Banking | Member |
10 | Head of Operations | Member |
11 | Head of HR | Member |
12 | Head of Communication | Member |
13 | Head of Branches | Member |
14 | Chief Technology Officer | Member |
15 | Head of Sustainable Finance | Member Secretary |
We regularly arrange internal/external trainings and knowledge sharing sessions to promote sustainability among our employees. Educating our relationship managers and other employees is our prime concern as we believe that capacity building can propagate us to the tipping point.
Tashmeem Muntazir Chowdhury
Head of Sustainable Finance
Phone: +8801755639785
Email: [email protected]
Tasfin Fahad
Associate Manager, Sustainable Finance
Phone: +8801787675196
Email: [email protected]
If you have any kind of suggestions, feedback or grievance please fill up the underneath areas and click to submit.
BRAC Bank established its Sustainable Finance Unit in 2017 as per the central bank’s guidelines. We are proud and honored to share that we have received the title of one of the top sustainable banks in the country for three consecutive years (2020, 2021 and 2022) from the central bank. The Sustainable Portfolio of BRAC Bank is now one of the largest in the country.
As a founding member of the Global Alliance for Banking on Values (GABV), we always prioritize banking values. We believe in responsible financing, which leads the way to our people's and society's welfare.
Wed, Oct 9, 2024 10:10 AM
Currency | Buying | Selling |
---|---|---|
USD | 119.0000 | 120.0000 |
EUR | 130.5073 | 134.9065 |
GBP | 155.6639 | 161.3097 |