Standard Bank awarded GOLD RANK in Asia Sustainability Reporting Rating

Standard Bank Limited (SBL) has been awarded GOLD RANK for its Sustainability Report by the ‘Asia Sustainability Reporting Rating (ASRRAT)-2022’, according to a press release.

The National Centre for Sustainability Reporting (NCSR), Indonesia in collaboration with the Institute of Certified Sustainability Practitioners (ICSP) officially announced the results recently in Jakarta, Indonesia.

Mr. Md Touhidul Alam Khan, FCMA, Managing Director & CEO (Current Charge) of Standard Bank Ltd. handed over the Gold Trophy to Mr. Kazi Akram Uddin Ahmed, Honorable Chairman of the Bank.

Executive Vice President & CFO of the Bank Md. Ali Reza, FCMA, CIPA was also present at the moment.

SBL has published its first-ever sustainability report using a set of ESG-linked indexes outlined by the Global Reporting Initiative (GRI), which is globally the most acclaimed sustainability reporting standards.

The initiative by the bank was taken towards accomplishment of commitments of ensuring Shari'ah based sustainable banking.

This sustainability report contains the economic, environmental, and social impacts of the bank caused by its everyday activities which also represents the bank’s values and governance model and demonstrates the link between its strategy and commitment to a sustainable future economy.

As a Shari’ah-based commercial bank in Bangladesh, SBL has prepared this report keeping Shari’ah values and principles in mind by using the expansive thought of the triple bottom line: Planet, People and Profit, by adding ‘Prophet’ to make it 4Ps.

Mentionable that among the Islamic Banks in Bangladesh, SBL has been awarded this type of international prestigious award by ‘Asia Sustainability Reporting Rating’ for the first time in the country.