Prime Bank joins global climate finance initiative as PCAF signatory

Prime Bank PLC has joined the Partnership for Carbon Accounting Financials (PCAF), becoming one of more than 700 global signatories committed to measuring and disclosing greenhouse gas (GHG) emissions associated with financial activities.

This places Prime Bank as a forward-looking financial institution in Bangladesh’s banking sector, advancing sustainability and climate accountability, according to a press release.

As a PCAF signatory, Prime Bank will gain access to specialised accounting tools, technical working groups and peer collaboration. These resources will enable the bank to remain at the forefront of sustainable banking practices in Bangladesh, ensuring transparency and accountability in its financing activities.

Faisal Rahman, CEO of Prime Bank PLC, said, “Joining PCAF reflects our unwavering commitment to responsible banking. We believe transparency in carbon accounting is essential to building a resilient financial system that supports Bangladesh’s sustainable development goals.”

“By adopting the global standard, Prime Bank ensures it can transparently track, manage and ultimately reduce the carbon footprint of our capital, while ensuring that our financing continues to support a low-carbon, resilient economy for Bangladesh,” he added.