Regulatory Alerts2008-06-01
Added · Updated
DOS Circular No. 01: Mainstreaming Corporate Social Responsibility (CSR) in banks and financial institutions in Bangladesh
Bangladesh Bank shall monitor the adoption and performance of Corporate Social Responsibility (CSR) programs as an additional dimension of management performance for all scheduled banks and financial institutions in Bangladesh. While the adoption of CSR remains voluntary, the circular directs these entities to bring CSR initiatives to board-level discussion and decision, utilizing frameworks such as the Global Reporting Initiative (GRI) and the Equator Principles for larger projects. The monitoring covers internal responsible practices, scrutiny of borrowers' environmental and social impacts, financial inclusion efforts for disadvantaged populations, and community investments.
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