BRAC Bank
BRAC Bank Limited, a prominent financial institution headquartered in Dhaka, Bangladesh, has been a key player in the banking sector since its establishment in 2001. With a strong focus on small and medium enterprises (SMEs), retail banking, and corporate finance, BRAC Bank has carved a niche for itself in the competitive landscape of Bangladesh's banking industry. The bank offers a diverse range of products and services, including personal loans, business financing, and innovative digital banking solutions, all designed to meet the unique needs of its customers. BRAC Bank is renowned for its commitment to financial inclusion, empowering individuals and businesses across the country. Over the years, it has achieved significant milestones, solidifying its position as a trusted banking partner in Bangladesh.
DitchCarbon Score
How does BRAC Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
BRAC Bank's score of 31 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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BRAC Bank's reported carbon emissions
In 2023, BRAC Bank reported total carbon emissions of approximately 1,129,773,940 kg CO2e. This figure includes Scope 1 emissions of about 1,520,000 kg CO2e, Scope 2 emissions of approximately 11,458,360 kg CO2e, and a significant contribution from Scope 3 emissions, which total around 1,137,433,000 kg CO2e. Notably, the majority of Scope 3 emissions stem from investments (about 1,122,383,000 kg CO2e), alongside emissions from business travel (approximately 7,079,770 kg CO2e) and employee commuting (around 3,874,000 kg CO2e). BRAC Bank has established a long-term decarbonisation plan aimed at reducing operational emissions across both Scope 1 and Scope 2 by 2050. This initiative focuses on enhancing financing in energy efficiency and renewable energy sectors, reflecting the bank's commitment to sustainability and climate action. The specific percentage reduction targets have not been disclosed, but the bank's strategy aligns with global efforts to achieve net-zero emissions.
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| 2023 | |
|---|---|
| Scope 1 | 1,520,000 |
| Scope 2 | 11,458,360 |
| Scope 3 | 1,137,433,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
BRAC Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
