Regulatory Alerts2023-12-26
Added
Guideline on Sustainability and Climate-related Financial Disclosure
This guideline requires scheduled banks and finance companies in Bangladesh to disclose sustainability-related financial information under IFRS S1 and climate-related disclosures under IFRS S2, which incorporate TCFD recommendations. Entities must include these disclosures in their annual reports for the financial year starting January 2024, utilizing a specific regulatory template developed by the Sustainable Finance Department. The implementation follows a phased approach that initially focuses on climate risks while allowing exemptions for business-sensitive information that meets specific criteria defined in the standards.
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