Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Responsibility
• Corporate Social Responsibility
• Corporate Governance

Environmental Achievements

• Investment of BDT 500 million in Beximco Green Sukuk Bond for eco-friendly solar panel projects.
• Regular tree plantation campaigns.

Social Achievements

• Initiatives to uplift marginalized communities, promote education, and enhance healthcare facilities.
• Assistance to students with disabilities and autism.
• NLI Foundation provides medical treatment support, children's education support, and daughters' marriage support to employees.

Governance Achievements

• Obtained Long Term 'AAA' credit rating with Outlook stable by Credit Rating Agency of Bangladesh (CRAB).
• Compliance with BSEC Corporate Governance Code.
• Establishment of five sub-committees (Executive, Audit, Claim, Nomination & Remuneration, and Investment).

Climate Goals & Targets

Environmental Challenges

• Volatility in the overall economic scenario due to the Russia-Ukraine war and the aftermath of the Covid-19 pandemic.
• Increased inflation affecting premium income and customer spending patterns.
• Intense competition in the life insurance industry.

Mitigation Strategies

• Resilient business strategies to maintain business tempo and future growth.
• Revamping business operations and technological progression.
• Structural reforms to remain competitive and provide efficient services.
• Digital approach to customer service through Call Center, Real Time Messaging, and NLI Mobile App.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Floods

Reporting Standards

Frameworks Used: GRI G4 Core Reporting Guidelines

UN Sustainable Development Goals

• Goal 1 (No Poverty)
• Goal 4 (Quality Education)
• Goal 3 (Good Health and Well-being)
• Goal 5 (Gender Equality)
• Goal 6 (Clean Water and Sanitation)
• Goal 9 (Industry, Innovation and Infrastructure)
• Goal 7 (Affordable and Clean Energy)
• Goal 10 (Reduced Inequalities)
• Goal 8 (Decent Work and Economic Growth)
• Goal 12 (Responsible Consumption and Production)
• Goal 15 (Life on Land)
• Goal 11 (Sustainable Cities and Communities)
• Goal 13 (Climate Action)
• Goal 16 (Peace, Justice and Strong Institutions)

NLI's initiatives contribute to these goals through various CSR activities, investment in renewable energy, and provision of insurance products and services.

Awards & Recognition

• National Award for Highest Claim Settlement
• Highest Taxpayer Award in Life Insurance Sector
• ICSB National Award for Corporate Governance
• ICMAB Best Corporate Award
• FBCCI Business Excellence Award
• Rtv Bima Award
• Emerging Asia Insurance Award
• South Asian Business Excellence Award
• CMO Asia Excellence Award
• Prestige Award
• Asia's Best Company of the Year Award
• Best Stall Award in Insurance Fair at Barisal