ONE Bank publishes first Carbon Disclosure Report

ONE Bank PLC (OBPLC) has been credited with one of the pioneer banks in Bangladesh for publishing their 1st ‘Carbon Disclosure Report' in Carbon Accounting Financials (PCAF) website in accordance with the PCAF guidelines, according to a press release.

This report is prepared basing on 55 per cent lending portfolio of the bank as of 31st December, 2024. Mentionable, PCAF is a global partnership of financial institutions that work together to develop and implement a harmonized approach to assess and disclose the greenhouse gas (GHG) emissions associated with their loans and investments. In 2024, OBPLC formally joined PCAF and committed to calculate and disclose status of the financed projects emissions within next 3 years.

To fulfill commitment with PCAF and to reach net-zero emissions across financed portfolios by 2050, OBPLC has undertaken to assess this carbon inventory for Scope 3 investment and lending portfolios. Through this disclosure, ONE Bank PLC will be able to explore climate-related risk and opportunities in alignment with Paris Agreement. The Bank is focusing on its social and environmental responsibility to embed zero-emission goal into the very core of its business strategy. OBPLC always strides to create critical values not only in our daily operations but also in our lending practices through financing environment friendly products.