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Mutual Trust Bank PLC (MTB) today announced that it has joined the Partnership for Carbon Accounting Financials (PCAF) as a signatory. This step reflects MTB’s firm commitment to strengthening transparency, consistency, and accountability in climate-related measurement and reporting.
“At MTB, we believe credible climate action begins with robust measurement frameworks and transparency,” said Syed Mahbubur Rahman, MD & CEO, Mutual Trust Bank PLC. “Becoming a PCAF signatory reflects our intent to align with global best practices and support the transition to a low-carbon economy.”
Echoing this commitment, Chowdhury Akhtar Asif, AMD & Chief Business Officer, Mutual Trust Bank PLC, said, “We believe in the global transition toward net zero and are committed to aligning our risk management and financing decisions with internationally recognized best practices. Adopting global frameworks like PCAF strengthens our ability to manage climate-related risks while supporting sustainable growth.”
The Partnership for Carbon Accounting Financials (PCAF) was launched globally in September 2019. Currently, more than 700 financial institutions have subscribed to the PCAF initiative. PCAF participants work together to jointly develop the Global GHG Accounting and Reporting Standard for the Financial Industry to measure and disclose the greenhouse gas emissions of their loans and investments.
As a PCAF signatory, MTB will continue to enhance its climate risk management, reporting practices, and sustainability initiatives in support of Bangladesh’s green transition.
