City Bank publishes IFRS S1, S2- report

Business Desk :

City Bank PLC has published Climate Report 2024 in alignment with the International Sustainability Standards Board’s (ISSB) IFRS S1 (General Requirements for Disclosure of Sustainability-related Financial Information) and IFRS S2 (Climate-related Disclosures).

The report aims to provide investors, regulators, and stakeholders with clear and decision-useful information.

It shows how sustainability and climate-related risks and opportunities are embedded in our governance, risk management and strategic planning, according to press release.

The report outlines City Bank’s governance structure for overseeing sustainability and climate-related matters, and the strategies adopted to support a resilient business model in the face of climate change.

It also highlights progress in decarbonization efforts, climate risk assessments, and sustainable finance initiatives undertaken to support Bangladesh’s green transition.

Speaking on this occasion, MD & CEO of City Bank PLC Mashrur Arefin stated: “We recognize the growing expectations from regulators, investors, and stakeholders for greater transparency regarding sustainability and climate-related risk management.

By aligning with IFRS S1 and S2, City Bank is strengthening its accountability framework and reinforcing its commitment to a more sustainable and climate-resilient future.”