Bangladesh Bank has opened a new wing called Green Banking and CSR Department to promote green financing and corporate social responsibility related activities of the scheduled banks.
The new wing aims at chalking out measures to formulate a policy for green banking and to develop and implement green strategic plan, the BB circular said.Besides, the new department will take initiative to boost the country’s financial inclusion, it said.
The BB on Thursday issued a circular saying that the department would formulate a sector-wise environment policy.
The department will also develop and implement the sector-wise environment policy in respective field, it said.
The green refinancing scheme of the renewable energy and industrial effluent treatment plant worth Tk 200 crore will be transferred to the new department from the Agricultural Credit and Financial Inclusion Department.
The green banking cell and CSR monitoring section were earlier attached to the Banking Regulation and Policy Department and the ACFID, but the two units are now attached to the Green Banking and CSR Department, the BB circular said.
The new department will monitor the Tk-10 farmer account, school banking and financial literacy related activities of the BB.
A total of 22 officials, including a general manger, one deputy general manager and two joint directors, will be posted to the new department.
-With New Age input
