Prime Bank PLC has formally joined the Partnership for Carbon Accounting Financials (PCAF), becoming one of more than 700 global signatories committed to measuring and disclosing greenhouse gas emissions linked to financial activities, the bank said in a press release.
The move positions Prime Bank as a forward‑looking institution within Bangladesh’s banking sector and marks a step toward advancing sustainability and climate accountability. As a PCAF signatory, Prime Bank will gain access to specialised accounting tools, technical working groups and opportunities for peer collaboration to help ensure transparency in its financing activities.
Faisal Rahman, chief executive officer of Prime Bank PLC, said joining PCAF reflects the bank’s commitment to responsible banking and transparency in carbon accounting, which he called essential to building a resilient financial system that advances Bangladesh’s sustainable development goals. Rahman said adopting the global standard will allow Prime Bank to track, manage and ultimately reduce the carbon footprint of its capital, supporting a low‑carbon, resilient economy.
The resources made available through PCAF membership will enable Prime Bank to remain at the forefront of sustainable banking practices in Bangladesh, the statement added.
Prime Bank’s accession to the global initiative underscores growing attention among financial institutions to climate risk and the environmental impact of lending portfolios. The PCAF framework offers methodologies that help signatories account for emissions across asset classes including project finance, business loans and investments.
By committing to this framework, Prime Bank joins a network of financial institutions that are increasingly expected by investors, regulators and clients to disclose climate‑related financial data and integrate environmental considerations into business strategy.
The partnership aims to standardise carbon accounting practices across the global financial sector — a development advocates say is vital for meeting international climate targets and helping align investment flows with the transition to a low‑carbon economy.
Prime Bank did not immediately disclose a timeline for publishing its first carbon emissions report under the PCAF guidelines.
