UCB signs MoU with IVY Decarb Marketplace SL to net zero carbon emission

United Commercial Bank PLC (UCB) has signed a Memorandum of Understanding (MoU) with IVY Decarb Marketplace SL (IVY) under the theme, “Partnering for a Sustainable NZCE (Net Zero Carbon Emission) Future.”

According to a press release, the partnership marks a significant step toward promoting sustainable business practices and supporting decarbonization efforts in Bangladesh’s textile and garments sector. Under this collaboration, ITX Trading S.A. may contribute by providing strategic guidance, industry insights and global best practices related to sustainability, supply chain decarbonization and responsible sourcing.

Through this strategic collaboration, both organizations aim to facilitate access to green and climate-focused solutions for textile and garments businesses in Bangladesh. The partnership will also support the implementation of decarbonization initiatives, helping businesses transition toward more sustainable and environmentally responsible operations.

The signing ceremony was graced by the presence of Mr. Sharif Zahir, Chairman of UCB.

The agreement was formally executed on behalf of UCB by Mr. Nabil Mustafizur Rahman, Managing Director & CEO (Current Charge) and Mr. Adnan Masud, Additional Managing Director (Wholesale Banking).

Representing IVY Decarb Marketplace SL, the agreement was signed by Mr. Javier Bernal Dionis, Chief Executive Officer. Also present at the ceremony were Mr. José Manuel Caballero, Managing Director, and Mr. Md. Masud Rana, Business Development Director.

The event was also attended by Mr. Javier Carlos Santonja Olcina, Country Head, ITX Trading SA, along with other distinguished guests.

This collaboration reflects UCB’s continued commitment to sustainable finance, green transformation, and supporting Bangladesh’s journey toward a low-carbon future.