Green Banking Policy
Green Banking Policy
December, 2011
UNITED COMMERCIAL BANK LTD.
Credit Risk Management Division
Corporate Head office, Dhaka
Instruction Circular # 1094 (A)
December 29, 2011
All Branches
Sub: Green Banking Policy
The globe is encompassing immense environmental effects due to the activities of business, industries and financial houses. Moreover, the effects of climate change also create specific environmental issues for the enterprises and living beings at large. On the other hand, in-house consumption and use of paper, electricity, water, fuel, stationeries, equipments, technologies, etc. of the business and financial institutions pollutes the environment in different ways and capacities. As such, the society demands that the Banks and financial institutions should take responsibility for keeping the environment green and safeguarding the planet.
Bangladesh is enormously affected from the events of environmental and climate change in recent years. Realizing the fact, the Board of Directors in its 325th meeting held on 28.12.2011 has approved a Green Banking Policy for the Bank.
The Audit committee of the Board of Directors will act as the high-powered committee, which will supervise the overall activities of the Green Banking Unit/Cell and review the policies, strategies and programs of the Bank. A separate Green Banking Unit/Cell has also been established comprising members from General Banking and Development Division, Corporate
Affairs Division, Corporate Banking Division, Credit Risk Management Division, General
Services Division, Human Resources and Management Division and Information and
Technology Division and headed by a Deputy Managing Director. The Unit/Cell will have the responsibility of designing, evaluating and administering related green banking issues of the bank. The Unit/Cell will report to the high-powered committee of the Board as well as to
Bangladesh Bank quarterly. As the phase-based activities of Green
December, 2011
UNITED COMMERCIAL BANK LTD.
Credit Risk Management Division
Corporate Head office, Dhaka
Instruction Circular # 1094 (A)
December 29, 2011
All Branches
Sub: Green Banking Policy
The globe is encompassing immense environmental effects due to the activities of business, industries and financial houses. Moreover, the effects of climate change also create specific environmental issues for the enterprises and living beings at large. On the other hand, in-house consumption and use of paper, electricity, water, fuel, stationeries, equipments, technologies, etc. of the business and financial institutions pollutes the environment in different ways and capacities. As such, the society demands that the Banks and financial institutions should take responsibility for keeping the environment green and safeguarding the planet.
Bangladesh is enormously affected from the events of environmental and climate change in recent years. Realizing the fact, the Board of Directors in its 325th meeting held on 28.12.2011 has approved a Green Banking Policy for the Bank.
The Audit committee of the Board of Directors will act as the high-powered committee, which will supervise the overall activities of the Green Banking Unit/Cell and review the policies, strategies and programs of the Bank. A separate Green Banking Unit/Cell has also been established comprising members from General Banking and Development Division, Corporate
Affairs Division, Corporate Banking Division, Credit Risk Management Division, General
Services Division, Human Resources and Management Division and Information and
Technology Division and headed by a Deputy Managing Director. The Unit/Cell will have the responsibility of designing, evaluating and administering related green banking issues of the bank. The Unit/Cell will report to the high-powered committee of the Board as well as to
Bangladesh Bank quarterly. As the phase-based activities of Green