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