Climate Change Data

South Bangla Agriculture and Commerce Bank Limited

Climate Impact & Sustainability Data (2013)

Reporting Period: 2013

Environmental Metrics

ESG Focus Areas

  • Sustainable development
  • Green Banking
  • Financial Inclusion
  • Corporate Social Responsibility

Environmental Achievements

  • Formulated and approved a Green Banking Policy by the Board of Directors.
  • Undertook several Green Banking initiatives at the inception of its operation.
  • Minimizing operational environmental impacts by monitoring environmental performance; setting improvement targets; and implementing and evaluating environmental management programs.

Social Achievements

  • Contributed BDT 10.00 lac to Prime Minister’s Relief & Welfare Fund for Rana Plaza disaster victims.
  • Distributed 3,000 blankets worth BDT 6.96 lac to poor people.
  • Extended financial grants to Bangladesh Table Tennis Federation worth BDT 8.00 lac.
  • Opened a number of rural branches.

Governance Achievements

  • Successfully implemented Temenos 24 (T24) Core Banking Software.
  • Formulated an Internal Control and Compliance (ICC) Guidelines.
  • Established a Risk Management Division.
  • Established a Training Institute.

Climate Goals & Targets

Medium-term Goals:
  • Increase share of low cost and no cost deposit in total deposit; increase non-funded business; maintain adequate level of liquidity through balancing asset-liability; diversify of products and services by introducing IT based innovative products and alternate delivery channels; improve internal governance through strengthening good corporate cultures, motivation, training and supervision in all levels of management; strengthen internal control and monitoring; develop Human Resources Management System to motivate and retain the Human Resources and transform Human Resources to Human Capital through proper training in every aspects of working area; expansion of activities related to Corporate Social Responsibility and Green Banking.
Short-term Goals:
  • Opening of 10 more branches by June 2014.
  • Increase branches to 50 by 2015.

Environmental Challenges

  • Unstable political situation resulted in slower business and investment activities.
  • Heightened competition in the Banking Industry.
  • Political unrest hampered economic activities.
Mitigation Strategies
  • Successfully progressed despite challenges, achieving total income, good asset quality, standard Liquidity Management, and sound management.
  • Expanded its business significantly: deposits Tk. 4,441.95 million, loans and advances Tk. 3,006.76 million and operating profit Tk. 139.15 million.
  • Implemented world renowned & sophisticated centralized Temenos 24 (T24) Core Banking Software.
  • Formulated an Internal Control and Compliance (ICC) Guidelines.
  • Established a Risk Management Division.
  • Developed fascinating agri-loan products to better synchronize the Bank’s financing approach with specific financial needs of different sub sectors of agriculture.
  • Concluded a Refinance Agreement with Bangladesh Bank.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Bangladesh Financial Reporting Standards (BFRSs), Bangladesh Accounting Standards (BASs)

Third-party Assurance: MASIH MUHITH HAQUE & CO.