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City Bank PLC has published its inaugural Environmental, Social and Governance (ESG) Report, “Bank on Solidity, Banking on Sustainability”, marking a key milestone in its sustainability journey. Building on previous Sustainability Reports, this comprehensive ESG Report aligns with global frameworks, including GRI Standards, IFRS S1 and S2, UN SDGs and others.

According to a press release, the report highlights not only climate and environmental initiatives but also broader contributions to the economy and society, driven by strong governance and a deep integration of sustainability into strategic decision-making.

It details progress in green and sustainable finance, including investments in renewable energy, energy efficiency, and waste management, alongside integration of environmental and social risk management (ESRM) in lending. Beyond climate action, the report showcases financial inclusion efforts, support for women entrepreneurs, SME financing, CSR activities, and the bank’s GHG emissions inventory, emphasizing transparency and accountability.

Mashrur Arefin, MD & CEO of City Bank PLC, stated: “Our ESG Report reflects our journey to becoming a future-ready, responsible, and inclusive financial institution, strengthening stakeholder trust and reinforcing our role as a catalyst for sustainable growth in Bangladesh.”

This publication marks a new chapter in City Bank’s sustainability journey, enhancing credibility with regulators, investors, development partners, and customers seeking responsible long-term partnerships.

The full ESG Report 2024 is available on City Bank’s website at:

https://www.citybankplc.com/download/City_Bank_ESG_Report_2024.pdf