Climate Change Data

National Housing Finance And Investments Ltd.

Climate Impact & Sustainability Data (2014)

Reporting Period: 2014

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Formulated strategies for reusing & recycling waste materials, careful handling of machinery & equipment, reducing energy at sources and minimizing wastage of materials.
  • Prepared a “Green Office Guide (GOG)” with instructions for efficient use of consumables and refurbishment for reuse of paper/machinery/equipment.
  • Implemented inventory management for monitoring consumption of paper, printer cartridges, electricity, water, gas, energy etc.
  • Focused on reduction and reuse of materials and equipment.
  • Procured more environment-friendly technologies aimed at greater work efficiency; reduction of electricity, paper, energy consumption, and reduced capital expenditure in terms of IT infrastructure.

Social Achievements

  • Initiated programs for educating clients on environmental regulations.
  • Arranged seminars, workshops, or events aimed at improving understanding and awareness on Environment & Social issues by clients and other stakeholder groups.
  • Supported employee training on Green Banking Policy Guidelines.

Governance Achievements

  • Established a High-Powered Committee to review environmental policies, strategies, and programs.
  • Allocated funds for implementing & practicing green banking in the annual budget.
  • Established a Green Banking Policy Implementation Unit (GBPIU) responsible for designing, evaluating, and administering Green Banking issues.
  • Incorporated environmental risk into the Core Risk Management (CRM) system.

Climate Goals & Targets

Long-term Goals:
  • Design & introduce innovative products and reporting in standard format with external verification by June 30, 2015.
Medium-term Goals:
  • Educate clients and publish an independent Green Banking & Sustainability Report by December 31, 2014.
Short-term Goals:
  • Develop green banking policies and show general commitment on environment through in-house performance by June 30, 2014.

Environmental Challenges

  • Environmental degradation in Bangladesh due to pollution and inefficient resource use leading to frequent natural disasters.
  • Need to address environmental issues and assess environmental risks of projects/businesses.
Mitigation Strategies
  • Developed a Green Banking Policy to institutionalize Green Banking across the company.
  • Created a Climate Risk Fund to address climate-vulnerable areas and post-disaster rehabilitation.
  • Implemented strategies for reducing environmental impact across various sectors.

Supply Chain Management

Responsible Procurement
  • Procuring more environment-friendly technologies

Climate-Related Risks & Opportunities

Physical Risks
  • Floods
  • Cyclones
  • Droughts

Reporting Standards

Frameworks Used: GRI