Regulatory Alerts2024-05-09
Added
SFD Circular Letter No. 03: Sustainability Rating of Banks and Finance Companies
The Sustainable Finance Department amends the sustainability rating guidelines for scheduled banks and finance companies by adding new sub-criteria under Environmental Risk Management, Social Responsibility, and Governance. These additions are incorporated into Circular Letter No. 04/2023 and must be included in the sustainability rating assessment for the year ending December 2024. The directive is issued under the powers granted by Section 45 of the Bank Company Act, 1991, and Section 41(2)(d) of the Finance Company Act, 2023, and takes immediate effect.
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