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| ONE Bank partnering with PCAF to measure financed GHG emission |
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ONE Bank PLC (OBPLC) has joined the Partnership for Carbon Accounting Financials (PCAF)
by signing a Commitment Letter on 10 December 2024 to
measure and disclosebank’s financed emissions. Such partnership will assist the bank to measure its
financed emissions from loans and investments. Consistent and comparable measurement of carbon
emissions are critical to set strategies and track progress to achieve the Net Zero emission target
by 2050 taken in line with Paris Agreement goals. This partnership is also
important to meet country’s regulatory reporting requirements under IFRSS1
(Sustainability-related disclosures) and IFRS S2 (Climate Related disclosure).
About Partnership for Carbon Accounting Financials (PCAF) is a global partnership of financial institutions
that work together to develop and implement a harmonized approach to assess and disclose the greenhouse gas
(GHG) emissions associated with their loans and investments. The harmonized accounting approach provides
financial institutions with the starting point required to set science-based targets and align their portfolio
with the Paris Climate Agreement. PCAF enables transparency and accountability and has developed an
open-source global GHG accounting standard for financial institutions, the Global GHG Accounting and Reporting
Standard for the Financial Industry. For more information please see https://carbonaccountingfinancials.com/
About ONE Bank PLC (OBPLC)
ONE Bank PLC (OBPLC) is a Bangladeshi scheduled commercial bank headquartered in Dhaka since July
14, 1999. Currently the bank is operating in Bangladesh from 114 branches,
48 sub-branches, and 270 agent outlets. With assets of US$2.73
billionat 31 December 2024, OBPLC is one of the leading banks of the
country committed to contribute in the national economy, financial inclusion, enhanced application of automation, and
sustainability. |
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