Monday, 15 July, 2024, Reg No- 06
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BB honours IPDC Finance for green financing

Published : Monday, 24 June, 2024 at 12:00 AM  Count : 240

BB honours IPDC Finance for green financing

BB honours IPDC Finance for green financing

IPDC Finance PLC has been jointly awarded with a partner RMG corporation for the latters establishment of a Biological Effluent Treatment Plant (ETP) with support from IPDCs financing under the "Program to Support Safety Retrofits and Environmental Upgrades in the Bangladeshi Ready-Made Garments (RMG) Sector Project," in short SREUP.

This acknowledgment underscores the commitment of IPDC to financing environmentally friendly projects. IPDC expresses its gratitude to SREUP, and Bangladesh Bank for their guidance.

The award was announced in an event held at Radisson Blu Water Garden, Dhaka recently where Bangladesh Bank recognized the outstanding contributions of financial organizations and RMGs for the successful completion of their respective environment-friendly initiatives under the SREUP project, says a press release.

SREUP is an initiative by Bangladesh Bank (with support from AFD, EU, KfW,) aimed at fortifying the social and environmental sustainability of the RMG sector.

IPDC, as a responsible institution, strives to create awareness regarding green financing as well as low-cost support funds from Bangladesh Bank.

In light of this, IPDC collaborated with the partner RMG organization, Concept Knitting Limited, for the construction of the ETP and approached Bangladesh Bank SREUP for approval.

IPDC is thankful to the partner RMG organization for choosing it as a financial partner.

Upon successful completion of the project by the partner RMG, Bangladesh Bank awarded IPDC Finance PLC. and the partner RMG corporation a grant in recognition of their successful completion of the Biological ETP.

From IPDC Finance, Rizwan Dawood Shams, Managing Director; From Concept Knitting Ltd. Fahima Akhter, Director, along with some other representatives from both organizations were present at the event.

Ms. Nurun Nahar, Deputy Governor, of Bangladesh Bank presided over the ceremony, and the event was adorned by the presence of other esteemed Bangladesh Bank officials including Dr. Md. Kabir Ahmed, Executive Director, Bangladesh Bank; Moni Shankar Kundu, Director and Project Director (SREUP); Ismet Quoyesh, Additional Director (SREUP) as well as representatives of AFD, KfW, EU, and many others.

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