BB governor asks banks to boost CSR spending
Published: January 21, 2016 1:33 pm
21 January 2016, Nirapad News: Bangladesh Bank (BB) governor Atiur Rahman has called on the country’s banks to spend more for corporate social responsibility (CSR) activities, particularly in those areas where distressed people are living.
“Local people have the right in the profit of a bank where its branch is operating as the bank is making the profit by the local peoples’ deposited money. So you have responsibility to the local community,” he told top bankers at a function at the central bank on Wednesday.
The central bank organized the function on the occasion of submission two study reports, titled: “Waiting for Change”, carried out by Management and Resource Development Initiative (MRDI), a local non-government organisation.
MRDI carried out two studies —one on solving water salinity in south east of Bangladesh through CSR intervention and the other on CSR intervention for climate change adoption in coastal south.
The BB governor said Bangladesh has been in the leading position across the globe in green financing. Now banking sector has to take the lead in CSR activities.
He observed that banks can play a vital role in helping the poor people through providing scholarship to poor students to facilitate their study in abroad.
The function was also addressed, among others, by the central bank’s deputy governor SK Sur Chowdhury, executive director Naushad Ali Chowdhury, MRDI executive director Hasibur Rahman and managing directors of different banks.
The governor proposed to observe March 17, the birth day of father of the nation Bangabandhu Sheikh Mujibur Rahman as CSR day for the banking sector.
Atiur Rahman said the Paris climate conference and the SDG of UN have brought forth good scopes for Bangladesh’s banking sector to prove its contribution to works undertaken to face the challenges of climate change.