Top 10 organizations in Bangladesh that influence sustainable development

Bangladesh is not an exception to the growing global need for business sustainability. Authorities have begun to take the safety and environment of industrial facilities seriously after the horrific catastrophes at Tazreen Fashion and Rana Plaza. Many of the nation’s businesses have embraced sustainability initiatives and are dedicated to building environmentally friendly facilities. Today, let’s discover which ten sustainable companies in Bangladesh consistently strive for a more environmentally friendly future.

Grameenphone

Grameenphone’s logo, tower, modem, and mobile phone images. | Photo: Collected.

The top telecom provider in Bangladesh is Grameenphone. With a score of 39.6, it is the leading firm in Bangladesh according to the Bloomberg Sustainability Index. Sustainable practices are a topic that Grameenphone has included in its operations. With its network infrastructure, it also aims to lessen its influence on the environment, promote renewable energy, and cut down on carbon emissions. Using solar-powered base stations in remote regions is the company’s most notable effort.

In addition to lessening the carbon footprint, this action offers dependable telecommunication services in places with a limited electrical supply. Additionally, Grameenphone actively supports digital literacy initiatives, particularly for women, and recycles electronic waste, all of which contribute to the social side of sustainability. By fostering a digital ecosystem and upholding environmental consciousness, Grameenphone has emerged as a prominent figure in Bangladesh’s sustainable business practices.

British American Tobacco (BAT) Bangladesh

British American Tobacco (BAT) Bangladesh’s logo and office building. | Photo: Collected.

BAT Bangladesh is a British American Tobacco subsidiary. With a score of 35.4, the business came in second on Bloomberg’s Sustainable Development Index. BAT Bangladesh, which has historically been linked to tobacco production, has made great progress in sustainability by emphasizing community development, energy conservation, and environmental responsibility. Several green projects have been started by the company. like lowering water consumption in manufacturing operations and reforestation initiatives. Additionally, the Bangladesh Bioenergy Initiative was started by BAT. The company is investing in programs that enhance farmers’ lives through sustainable farming methods in addition to environmental initiatives.

Marico Bangladesh

Marico’s corporate presence and logo in Bangladesh, symbolizing innovative products and customer trust. | Photo: Collected.

With a score of 34.9, Marico Bangladesh is ranked third on Bloomberg’s sustainability list. It is mostly a prominent business in the FMCG industry. Its Parachute Coconut Oil is its most famous product. Through environmentally friendly packaging, energy-efficient production, and ethical raw material procurement, Marico embodies sustainability. To promote sustainable and organic farming methods that guarantee the long-term well-being of agricultural ecosystems, the group collaborates with nearby farmers. Marico Bangladesh also commits to using less plastic in its packaging.

BRAC Bank

A service-oriented scene from Brac Bank, presenting the modern banking experience. | Photo: Collected.

In Bangladesh, BRAC Bank has been at the forefront of advancing sustainable banking. Environmental, social, and governance (ESG) considerations are incorporated into its financial operations to make sure that its operations have a beneficial impact on the environment and society. In addition, BRAC Bank works on social development initiatives. Enhancing financial literacy and offering loan facilities to impoverished people are its two main objectives. It is also significant that the bank is working to lessen its carbon impact by implementing energy-efficient data centers and paperless banking.

IDLC Finance

A service-oriented scene from IDLC Finance, highlighting their role in providing financial solutions. | Photo: Collected.

With a score of 31.1, IDLC Finance is in fifth place on Bloomberg’s Sustainability Index. Targeting waste management, renewable energy, and energy-efficient projects, the company has introduced green financing products. Prioritizing the financing of small and medium-sized businesses (SMEs) that prioritize sustainable growth is one of IDLC’s main goals. In addition to lowering the total carbon footprint, this promotes the expansion of environmentally conscious companies. The business also prioritizes corporate governance.

Square Pharmaceuticals

A service-oriented scene from Square Pharmaceuticals, depicting their contribution to the healthcare sector. | Photo: Collected.

On Bloomberg’s sustainability list, Square Pharmaceuticals, one of the biggest pharmaceutical companies in Bangladesh, comes in sixth place with a score of 26. By implementing energy-efficient technologies and environmentally friendly production techniques, the corporation has made large investments in sustainability. Square Pharmaceuticals is dedicated to cutting waste by implementing effective waste management methods and has integrated solar energy into its production process. The group also promotes recycling and water conservation. Square Pharmaceuticals actively supports social issues in addition to environmental initiatives, especially in the fields of healthcare and education.

Walton Hi-Tech Industries

A symbol of Walton Hi-Tech Industries’ technological innovation and production capacity. | Photo: Collected.

A prominent electronics manufacturer in Bangladesh, Walton Hi-Tech Industries has a score of 23.7, placing it sixth on Bloomberg’s sustainability list. Walton has made great strides in lowering its environmental effects by creating eco-friendly items and implementing energy-efficient production techniques. Energy consumption in Bangladeshi households has decreased because of the company’s emphasis on producing energy-efficient appliances like air conditioners and refrigerators. Walton also makes certain that its production plants reduce waste emissions and adhere to global environmental regulations.

BSRM

BSRM’s steel production capacity and their contribution to the industrial sector. | Photo: Collected.

Reputable for its creative approach to sustainability, Bangladesh Steel Re-Rolling Mills (BSRM) is a prominent steel manufacturer. One of BSRM’s greatest accomplishments is its innovative exporting of zinc ash, a byproduct that was once thought to be hazardous to the environment. By recycling zinc ash, BSRM has led the steel industry in waste management and recycling. By implementing energy-efficient technologies in its manufacturing facilities, the company has been able to conserve natural resources and reduce carbon emissions. By striking a balance between industrial progress and environmental responsibility, BSRM is dedicated to sustainable development.

PRAN-RFL Group

Pran-RFL Group’s logo, Bangladesh’s leading food product manufacturer. | Photo: Collected.

In Bangladesh’s food and beverage sector, PRAN-RFL Group is a prominent company. To guarantee a minimal impact on the environment, the company has incorporated sustainable methods into the construction of its infrastructure and factory facilities. Water conservation, energy-efficient production methods, and waste management have all been included in PRAN-RFL’s operations. Additionally, the business prioritizes supporting local communities through agricultural initiatives and procuring raw materials sustainably. PRAN-RFL is contributing to lessening the environmental effect of its extensive manufacturing operations by using less energy and water.

ACI Limited

ACI Limited’s office building, which is the center of their business operations. | Photo: Collected.

One of Bangladesh’s most environmentally friendly company listings is Advanced Chemical Industries (ACI) Limited. The company is heavily focused on renewable energy initiatives and actively promotes ecologically friendly farming methods. By encouraging bio-friendly substitutes, ACI Limited is dedicated to lowering the usage of chemicals in agriculture. To lessen reliance on non-renewable resources, the corporation has made investments in renewable energy, particularly solar energy. ACI is active in many social development programs in addition to environmental initiatives, especially in the fields of education and healthcare.

Companies that are making every effort to strike a balance between economic growth and social and environmental responsibility are spearheading Bangladesh’s transition to sustainability. These companies, from Grameenphone’s emphasis on sustainable agriculture to  ACI’s eco-friendly activities, are establishing new benchmarks for ethical business practices. These organizations will likely guide Bangladesh toward a more environmentally friendly future as sustainability ideas gain traction in the corporate sector.

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