Business & Economy
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IPDC Finance, Truvalu launch green finance initiative

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Business Report :

On the occasion of World Ozone Day 2024, IPDC Finance PLC is partnering with Truvalu Bangladesh to facilitate green financing for SMEs under the “Access to Green Financing (A2GF) for Enterprises” program implemented jointly by Truvalu, One to Watch and United Nations Capital Development Fund and supported by the Embassy of Switzerland in Bangladesh.

The A2GF program aims to promote green and sustainable finance solutions for SMEs to support sustainable development and green initiatives.

Under the purview of the A2GF program, IPDC Finance PLC and Truvalu Bangladesh will jointly seek to provide capacity development training to SMEs to go green along with access to green finance solutions, supporting projects that prioritize environmental protection and contribute to a healthier, greener future.

The signing event was attended by key officials from both organizations, including Rizwan Dawood Shams, managing director of IPDC Finance PLC, and Sharawwat Islam, managing director of Truvalu Bangladesh.

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This partnership highlights IPDC Finance’s leadership in advancing green finance solutions in Bangladesh.

Rizwan Dawood Shams, managing director, IPDC Finance PLC said: “We are committed to fostering sustainability through our financial practices.

The partnership with Truvalu Bangladesh under the A2GF programme reflects our dedication to promoting green finance solutions that create meaningful and lasting environmental impact. Together, we aim to promote positive change and build a more sustainable future.”

Sharawwat Islam, managing director, Truvalu Bangladesh said: “The A2GF program focuses on supporting small and medium-sized enterprises (SMEs) in Bangladesh to adopt green practices. SMEs play a crucial role in Bangladesh’s economy, contributing significantly to national economic growth.

Under this program, we aim to partner with financial institutions like IPDC Finance PLC to mainstream green financing for SMEs, build awareness among SMEs about greening of business, and develop successful business cases on green projects of SMEs.”

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