Standard Bank gets ‘gold rank’ for sustainability report

Standard Bank Limited (SBL) has been awarded "gold rank" for its sustainability report by the Asia Sustainability Reporting Rating-2022'.

The National Centre for Sustainability Reporting, Indonesia in collaboration with the Institute of Certified Sustainability Practitioners announced the results in Jakarta recently.

Md Touhidul Alam Khan, managing director and CEO (current charge) of Standard Bank, handed over the Gold Trophy to Kazi Akram Uddin Ahmed, chairman of the bank, at the bank's head office in Dhaka, said a press release. Md Ali Reza, executive vice president, was present.

The bank has published its first-ever sustainability report using a set of ESG-linked indexes outlined by the Global Reporting Initiative (GRI), which is globally the most acclaimed sustainability reporting standard.

The initiative by the bank was taken towards the accomplishment of commitments of ensuring shariah based sustainable banking.