BRAC Bank Sustainability Profile
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 36 is higher than 57% 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 1,520,000 kg CO2e for Scope 1, 11,458,360 kg CO2e for Scope 2, and a significant 1,137,433,000 kg CO2e for Scope 3 emissions. The Scope 3 emissions included major contributions from investments (about 1,122,383,000 kg CO2e), business travel (approximately 7,079,770 kg CO2e), and employee commuting (around 3,874,000 kg CO2e). For 2024, specific emissions data was not disclosed, but the bank has set long-term decarbonisation plans targeting both Scope 1 and Scope 2 emissions, aiming for reductions by 2050. These initiatives are aligned with the bank's commitment to enhance financing in energy efficiency and renewable energy sectors. BRAC Bank's emissions data is sourced directly from its own sustainability reports, with no cascaded data from parent organisations. The bank's proactive approach to climate commitments reflects its dedication to addressing climate change and reducing its carbon footprint in Bangladesh (BD).
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| 2023 | |
|---|---|
| Scope 1 | 1,520,000 |
| Scope 2 | 11,458,360 |
| Scope 3 | 1,137,433,000 |
How Carbon Intensive is BRAC Bank's Industry?
How Carbon Intensive is BRAC Bank's Location?
BRAC Bank's Scope 3 Categories Breakdown
Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 99% of Scope 3 emissions.
Top Scope 3 Categories
BRAC Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
BRAC Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
