Standard Chartered Bangladesh recently won “Best CSR Bank” in Bangladesh at the International Finance Awards.
According to a press release, the bank was recognised by International Finance for its commitment to empowering all members of the community and for enabling both long-term and sustainable progress, growth, and recovery.
In dealing with the pandemic, Standard Chartered Bangladesh has facilitated lasting economic and social recovery while addressing the pressing need to save lives.
To deal with immediate challenges, Standard Chartered Bangladesh worked with development sector partners to deliver aid and essentials to communities hit hard by the pandemic and to support frontline health services.
To enable longer-term recovery, the bank focused on empowering individuals through education, skills development, and workforce reintegration.
Standard Chartered Bangladesh has also launched community initiatives centred on health, environment, and sustainability in recent months.
Naser Ezaz Bijoy, CEO of Standard Chartered Bangladesh said: “The onset of the Covid-19 pandemic highlighted the need for a multi-pronged approach, addressing both the short-term needs and long-term aspirations of our communities. The employment and entrepreneurship opportunities launched by Standard Chartered Bangladesh are geared to future-fit individuals facing an evolving work environment. Digital pathways are built into our education initiatives, and our partner community hospitals are setting the standard for community healthcare.”
He added: “Standard Chartered Bangladesh is very proud to receive the award for best CSR bank from International Finance. We hope this will help showcase our tested initiatives to the corporate sector so that together we can achieve the large-scale impact that is required to address the need of the hour.”
The bank has been focusing its community support measures in the following key areas:
- Donation of oxygen plants to three community hospitals with a combined capacity of 1,700 litre/min, serving up to 400 patients per day
- Provision of life-saving medical services for critically affected COVID-19 patients,
- Provision of life-sustaining food and hygiene support to 125,000 individuals in 2021,
- Set-up of digital classrooms in 10 locations across Bangladesh to reduce technology-based inequality in the education sector in 2022,
- Provision of decent employment and entrepreneurship opportunities for 1700 beneficiaries in 2021,
- Digitisation of processes to expedite salary disbursement for RMG workers.
All selections were made by members of the International Finance jury. The selection process assesses candidates based on category-specific criteria. The International Finance Awards recognise and celebrate leadership, innovation, agility, and the ability to foster connections and perform in both the local and international sphere.
With over 117 years of uninterrupted presence in the nation, Standard Chartered Bangladesh is the only multinational universal bank in Bangladesh.
As the nation’s longstanding partner in progress, Standard Chartered has provided banking services to people and companies to help foster greater success, wealth, job creation, and growth.
The bank’s commitment to promoting economic and social development in Bangladesh is centred around principles of sustainability and equity.
Standard Chartered’s commitment to supporting Bangladesh’s continued journey of prosperity even in the face of a global pandemic saw the bank secure 30 major international awards in 2021.
International Finance is a premium business and finance magazine published by UK’s International Finance Publication Limited.
It provides news, features, analysis, commentary, and interviews from industry experts, contributors, and in-house writers. As a publication, International Finance endeavours to address key economic and business developments.
The publication also seeks to engage, inform, and connect business leaders, decision-makers, investors, and companies in key markets.
Each year, International Finance hosts the International Finance Awards. The International Finance Awards are an acknowledgement of corporate excellence.
