September 9, 2024 – The Sustainable Banking and Finance Network (SBFN) is proud to welcome the Bangladesh Securities and Exchange Commission (BSEC) as its latest member. This partnership underscores our shared vision of advancing sustainable finance and fostering resilient financial systems in the face of environmental, social, and governance (ESG) challenges.
Bangladesh Bank, as a founding member of SBFN in 2012, has long been a leader in promoting sustainable finance in the region. BSEC, established in 1993 as the regulatory authority overseeing Bangladesh’s capital market, continues to ensure the protection of investors and maintain transparent and efficient securities markets. Through this collaboration, BSEC is taking further strides to integrate sustainable finance into the country’s development agenda, aligning with the United Nations Sustainable Development Goals (SDGs).
BSEC, in collaboration with other government entities, has undertaken numerous initiatives to support the Government of Bangladesh’s commitment to the SDGs by 2030. Through its regulatory role, BSEC aims to transform the capital market into a sustainable source of funding, driving economic growth while promoting the highest ESG standards across the financial sector.
“We are excited to have BSEC join our network,” said Rong Zhang, Global Coordinator of SBFN. “Their proactive approach in developing sustainable finance initiatives and fostering ESG standards within the capital market is truly commendable. Together, we will work towards creating innovative financial solutions that align with global sustainability goals and drive positive social and environmental outcomes in Bangladesh and beyond.”
With the inclusion of BSEC, SBFN continues to expand its global reach, now encompassing 96 members across 72 countries. This further solidifies SBFN’s pivotal role in promoting sustainable finance practices worldwide.