Regulatory Alerts2025-02-02
Added
Guidelines on Environmental and Social Risk Management (ESRM) for Banks and Finance Companies in Bangladesh. ESDD Checklist
The ESDD Risk Assessment Tool is significantly upgraded and enhanced to align with global best practices for more comprehensive, reliable, and effective risk assessment. This update applies to all scheduled banks and finance companies in Bangladesh. The circular takes effect immediately under the authority of Section 45 of the Bank Companies Act, 1991, and Section 41(2) of the Finance Company Act, 2023.
Bangladesh Bank Head Office Dhaka Sustainable Finance Department SFD Circular Letter Number: 1 Date: 02 February 2025 Managing Director/Chief Executive Officer All Scheduled Banks and Finance Companies in Bangladesh Dear Sir, Guidelines on Environmental and Social Risk Management (ESRM) for Banks and Finance Companies in Bangladesh Please refer to SFD Circular No.3, dated June 26, 2022, which included an Environmental and Social Due Diligence (ESDD) Risk Assessment Tool as an attachment. 2. The ESDD Risk Assessment Tool has been significantly upgraded and enhanced to align with global best practices to ensure more comprehensive, reliable, and effective risk assessment (attached). 3. This circular letter is being issued under the authority conferred by Section 45 of the Bank Companies Act, 1991 (as amended up to 2023), and Section 41(2) of the Finance Company Act, 2023. 4. This circular takes effect immediately.
Attachment: AnnexureA Yours Faithfully, (Chowdhury Liakat Ali) Director (SFD) Phone: 9530320 email: chowdhury.ali@bb.org.bd