Regulatory Alerts2011-01-30
Added · Updated
BRPD Circular No. 01: Guidelines on Environmental Risk Management (ERM)
Bangladesh Bank requires all scheduled banks and financial institutions in Bangladesh to adopt Environmental Risk Management (ERM) guidelines by June 30, 2011. The guidelines mandate organizational policies, roles, and procedures, alongside a technical manual for conducting preliminary and detailed environmental reviews. Specific due diligence checklists are provided for ten sectors, including agri-business, cement, chemicals, engineering, housing, pulp and paper, sugar, tannery, textile, and ship breaking. The document establishes that these guidelines are dynamic and will be revised at least once every three years.
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