Green Banking-Steps taken by Bank

 

Green Banking refers to practices and guidelines that make banks sustainable in economic, environment and social dimensions. BB segregated its 51 green banking products for refinancing program into 11 categories which are: renewable energy, energy efficiency, solid waste management, liquid waste management, alternative energy, fire burnt brick, non-fire block brick, recycling & recyclable product, green industry, ensuring safety and work environment of factories and miscellaneous. Green Banking policy will be implemented through time frame work which will be segregated into 3 phases: Phase-1: 1.     A. Policy Formulation and Governance: JBPLC has formulated and adopt broad environmental or green banking policy and strategy approved by Board of Directors. 2.    B.  Incorporation of Environmental Risk in CRM: JBPLC shall comply with the instructions stipulated in the detailed guidelines on Environmental Risk Management in consideration of a part of Green Banking policy. 3.     C. Initiating in-house Environment Management: JBPLC has prepared a “ green office guide” which circulated to the employees for efficient use of electricity, water, paper and reuse of equipment. 4.     D. Introducing Green Finance: 5.     E. Creation of Climate Risk Fund: 6.    F.  Introducing green marketing: 7.     G. Online Banking 8.     H. Supporting employee training, customer awareness and green event. 9.    I.  Disclosure and reporting of green banking activities.       Phase-II: 1.     Sector specific environmental policies. 2.     Green strategic planning. 3.     Setting up green branch. 4.     Improved in-house environment management. 5.     Formulation of bank specific environmental risk management plan and guidelines. 6.     Rigorous programs to educate clients. Phase-III: 1.     Designing and introducing innovative products. 2.     Reporting in standard format with external verification. 3.     Reporting green banking practices on quarterly basis.