City Bank PLC has published its Climate Report 2024 in alignment with the International Sustainability Standards Board’s IFRS S1 and IFRS S2, the bank said in a press release.
The report aims to give investors, regulators and stakeholders a clearer view of how climate-related risks and opportunities are shaping the bank’s governance and long-term strategy.
It sets out the bank’s oversight framework for sustainability issues and the measures being adopted to build a business model resilient to the impacts of climate change.
City Bank said the report highlights progress in decarbonisation, climate risk assessments and sustainable finance initiatives that support Bangladesh’s transition to a greener economy.
It also presents the metrics and targets guiding the bank’s pathway toward net-zero emissions.
“We recognise the rising expectations from regulators, investors and stakeholders for greater transparency in climate-related risk management. By aligning with IFRS S1 and S2, City Bank is reinforcing its accountability framework and commitment to a climate-resilient future,” said City Bank managing director and CEO Mashrur Arefin.
The bank said it will continue integrating climate considerations into its core business decisions while collaborating with national and international partners to expand climate financing.
