This Policy has incorporated targets for the banks and financial institutions which are linked to GHG emissions reductions and strengthened climate resilience. It will support the delivery of the objectives of Green Products/Projects/Initiatives by channeling private investment into the transition to a climate-neutral, climate-resilient, low-carbon, more resource-efficient, green, competitive and inclusive sustainable economy. The Policy covers a Sustainable Finance Taxonomy and a Green Taxonomy, with the latter being a subset of the former. The Green Taxonomy covers climate change mitigation, climate change mitigation and other environmentally sustainable implementations and impact on inclusive sustainable green growth, while the Sustainable Finance Taxonomy also includes Corporate Social Responsibility (CSR) Policy, and economic and governance.
This Policy was issued by the Sustainable Finance Department of Bangladesh Bank, which is the central bank of Bangladesh and fully owned by the Government of Bangladesh.
