Central bank of Bangladesh publishes guideline on sustainability reporting
27 Dec 2023
The central bank of Bangladesh (Bangladesh Bank) has published a 'Guideline on Sustainability and Climate-related Financial Disclosure for Banks and Financial Institutions'. The guideline implements the standards by the International Sustainability Standards Board (ISSB).
The decision to implement IFRS S1 and IFRS S2 has been made in collaboration with the Financial Reporting Council (FRC) of Bangladesh and the disclosure requirements apply to scheduled banks and finance companies of Bangladesh.
The timeline for the implementation is as follows:
- June 2024: Limited intermediate report
- December 2024: Limited supervisory report
- 2025: Limited disclosures in annual report
- 2026: Limited disclosures, with additional elements, in annual report
- 2027: Full disclosures under the guideline
Limited assurance of the reported information is required in the annual report.
For more information, please see the circular, which includes the guideline as an appendix, on the Bangladesh Bank website.
