Moreover, a Green Banking Unit has been formed with representation from different departments of IDLC that shall be responsible for on-time implementation of the areas covered by the Policy.
IDLC also complies with the "Environmental Risk Management (ERM) Guidelines for Banks and Financial Institutions in Bangladesh" issued by Bangladesh Bank on January 2011. ERM Guidelines have been incorporated in the Credit Policy of IDLC and has been approved by the Board. Environmental and social risks are now considered along with the general credit risks while assessing a prospective borrower.
In addition to the national laws and regulations, IDLC has also voluntarily adopted the principles of the UN Global Compact and UN Environment Programme Finance Initiative (UNEP FI). Going forward, these will also become part of IDLC’s credit risk assessment process to bring in place a more rigorous Environment and Social Risk Management framework.