BRAC Bank has published the country’s first independent IFRS S1 and S2 Report, a globally aligned framework for climate and sustainability risk disclosure developed by the International Sustainability Standards Board (ISSB).
With the publication of its maiden independent IFRS Report, BRAC Bank becomes the only bank in Bangladesh and one of the few globally to adopt the newly introduced standards, positioning itself at the forefront of transparency, corporate responsibility, and climate governance both nationally and internationally.
Introduced in 2023, the International Financial Reporting Standards (IFRS) S1 and S2 standards provide a unified, investor-focused framework for disclosing sustainability- and climate-related financial information.
The report offers a comprehensive view of how BRAC Bank identifies, manages, and discloses its exposure to sustainability and climate-related risks and opportunities.
It includes detailed metrics on board-level ESG oversight, integration of sustainability into business strategy, climate risk management systems, and the bank’s full greenhouse gas (GHG) emissions footprint, including Scope 1, Scope 2, and Scope 3 emissions.
This first-of-its-kind report in Bangladesh offers practical insights for regulators, investors, development partners, and customers seeking responsible and future-oriented financial institutions.
It addresses key areas such as Governance, Strategy, Risk management, as well as the Metrics related to our organisation.
