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Bangladesh’s commercial banks have been asked to submit half-yearly statements on corporate social responsibility to the country’s central bank.
Statements to Bangladesh Bank will have to outline activities that benefit customers, shareholders and employees, actions aimed at reducing adverse environmental effects, and engagement with borrowers on ethical issues.
The bank has made the rules partly because it feels CSR activities ‘are an additional indicator of management efficiency’.
Statements to Bangladesh Bank will have to outline activities that benefit customers, shareholders and employees, actions aimed at reducing adverse environmental effects, and engagement with borrowers on ethical issues.
The bank has made the rules partly because it feels CSR activities ‘are an additional indicator of management efficiency’.
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