Climate Change Data

Environmental Metrics

ESG Focus Areas

• Community Involvement
• Education
• Health
• Arts & Culture
• Environmental Sustainability
• Disaster Relief

Environmental Achievements

• Reduced paper and electricity use in offices; some branches and ATMs run on solar power.
• Established a separate unit to make the bank a 'Green Bank'
• Initiatives for efficient use of water and electricity, and preference for eco-friendly practices in financing and equipment reuse.

Social Achievements

• Mercantile Bank Abdul Jalil Education Scholarship program provided scholarships to 837 students (JSC, SSC, HSC).
• Mercantile Bank Award-2016 awarded 10 scholars for outstanding contributions in various fields.
• Donated BDT 20.00 million to Prime Minister’s Relief Fund for emergency disaster relief.
• Donated BDT 7.50 million to Prime Minister’s Relief Fund for flood-affected people.
• Various donations to hospitals, individuals for treatment, and charitable organizations.
• Distribution of winter clothes to cold-affected people.
• Blood donation program in collaboration with Bangladesh Thalassaemia Hospital.

Governance Achievements

• CSR activities are reported to the Board of Directors and Regulatory Bodies through a “CSR Desk”.
• Investment in CSR programs is supported and encouraged by the Board of Directors.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Green Banking
• Environmental Sustainability
• Social Responsibility
• Governance

Environmental Achievements

• 54 branches powered by solar energy
• Investment in solar, biogas, and waste management plans
• Online banking reducing paper waste and carbon emissions
• Implementation of 3R approach (Reduce, Reuse, Recycle)

Social Achievements

• Employee training programs on Green Banking
• Consumer awareness campaigns on environmental and social risks
• Creation of a Climate Risk Fund as part of CSR expenditures

Governance Achievements

• Established Sustainable Finance Unit (SFU) under CRMD
• Established Sustainable Finance Committee
• Empowered Risk Management Committee (RMC) to approve sustainable banking policies
• Formulated Green Banking Policy
• Incorporated Environmental and Climate Change Risk in Core Risk Management (CRM)

Climate Goals & Targets

Environmental Challenges

• Environmental risks in financing climate-vulnerable areas (flood, cyclone, drought)

Mitigation Strategies

• Creation of a Climate Risk Fund to address financing challenges in climate-vulnerable areas

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Flood
• Cyclone
• Drought

Reporting Standards

Frameworks Used: GRI Standards (in process of adoption)

Sustainable Products & Innovation

• MBL Shakti (financing for ETP, Solar Energy & Bio-Gas plant)
• MBL Hybrid Hoffman Kiln (HHK) for environment friendly Brick Field Finance

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Sustainability
• Environmental Preservation
• Islamic Finance

Environmental Achievements

• Corporate office designed to maximize natural light, reducing electricity consumption for lighting by approximately 40%

Social Achievements

• Acquired Silver Award in the General Banking category of the 9th ICSB National Award for Corporate Governance Excellence 2021
• Various CSR and sustainability initiatives reviewed by the Board
• Awarded South Asian Business Excellence Award-2022 as ‘Best Bank in the Private Sector’ by South Asian Partnership Summit
• Achieved the 22nd ICAB National Award for best presented Annual Reports 2021 in three categories

Governance Achievements

• Continuous refinement of corporate governance policies and benchmarking of best practices
• Successful conduction of 23rd Annual General Meeting
• Declaration of Healthy Dividend of 12%
• Review and Approval of Policies, Procedures, and Metrics to Ensure Alignment with MBL’s Strategic Plan
• Reformation of the Board of Directors
• Pursuing appropriate board procedures

Climate Goals & Targets

Environmental Challenges

• Implementing suggestions given by the Shari’ah Supervisory Committee to ensure effective compliance with Shari’ah principles
• Ensuring the distribution of profits among Mudarabah depositors strictly in accordance with the principles of Islamic Shari’ah
• Increasing awareness and promoting a culture of compliance among executives and officers
• Improving coordination between Management and Shari’ah Supervisory Committee

Mitigation Strategies

• Shariah audits conducted in all MBL Islamic Banking branches and the head office
• Improved Shari’ah compliance system
• Regular Shariah training for employees
• Meetings, Seminars, Workshops, Symposiums and Get-togethers to raise awareness

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI 102-18, 102-22, 102-23, 102-24, 102-27, 102-28, 102-29, 102-31, 102-32, 102-33, 102-35, 102-36

Third-party Assurance: Suraiya Parveen & Associates, Chartered Secretaries

Awards & Recognition

• Silver Award (9th ICSB National Award for Corporate Governance Excellence 2021)
• South Asian Business Excellence Award-2022
• 22nd ICAB National Award for best presented Annual Reports 2021