Regulatory Alerts2013-09-11
Added · Updated
Policy Guidelines for Green Banking
Bangladesh Bank requires banks scheduled in 2013 to adopt a comprehensive Green Banking Policy structured in three phases with deadlines of June 30, 2014, December 31, 2014, and June 30, 2015. Banks must establish a Green Banking Unit, incorporate environmental risk into credit risk management, create a Climate Risk Fund, and implement in-house environmental management measures such as energy and paper conservation. Compliance is enforced through quarterly reporting using Annexure-A and disclosure on bank websites, with compliant banks receiving preferential treatment including CAMELS rating points and priority for new branch approvals.
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