HSBC engages stakeholders toward sustainable waste management.

HSBC Bangladesh has organised an online session titled ‘Transitioning to a circular economy with Sustainable Waste Management’ for their stakeholders and corporate customers on July 4.

According to a press release, the discussion focused on innovative solutions and adopting the best practices from multi sectors across FMCG, building material, manufacturing, and food along with the Ministry of Environment, Forest and Climate Change and British High Commission Bangladesh. 

Md Shahab Uddin, mp, minister for the Ministry of Environment, Forest and Climate Change graced the occasion as the chief guest. 

The session was also attended by Md Mahbub ur Rahman, chief executive officer, HSBC Bangladesh, H E Robert Chatterton Dickson, British high commissioner, British High Commission Dhaka; and Md Moniruzzaman, additional secretary, Ministry of Environment, Forest and Climate Change as the guest of honour.

Wai-Shin Chan, Global head of Climate Change, HSBC Global Research presented the keynote on the topic. 

Kevin Green, Country head of Wholesale Banking, HSBC Bangladesh-moderated the panel discussion with senior officials from Coca-Cola Bangladesh, Geocycle of LafargeHolcim, Pran-RFL Group, British High Commission and Ministry of Environment, Forest and Climate Change. 

During the event, H E Robert Chatterton Dickson, British high commissioner to Bangladesh said: “Businesses and the private sector play an essential role in the transformation towards a regenerative economy operating within planetary boundaries. The UK is a committed partner of Bangladesh in this important area, including through the new bilateral Climate and Environment Programme announced at COP 26. I congratulate HSBC for their initiative to support climate inclusive business models that maximise the benefits of using waste as a resource.”

Commenting on the event, a message was shared by Md Shahab Uddin, mp, minister, Ministry of Environment, Forest and Climate Change, Government of the People’s Republic of Bangladesh said: “We need to consider innovative ways to treat waste, reuse, recycle rather than simply dumping into the nature. In order to transition to a circular economy with sustainable waste management, raising stakeholder awareness is important, and behavioural changes will be critical. Private sectors, multinational and national companies have responsibility for the waste from their products in the market. I am drawing their attention to act jointly with the Local Government Division and other authorities to develop improved waste management as a shared responsibility.”

Md Moniruzzaman, additional secretary, Ministry of Environment, Forest and Climate Change said: “A multi-sectoral action plan towards sustainable plastic management has been prepared very recently (last year) where different milestones have been targeted to be achieved by 2030. Waste can be utilised as a resource. Once waste can be used as other raw materials. It is also considered a great source of environmental pollution if not properly managed. Improved waste management includes- proper collection, segregation for use, recycling and environmentally sound disposal. Capacity building of concerned stakeholders, public awareness, strengthening monitoring and enforcement would be favourable for the improvement.”

To support customers transitioning to a sustainable economy, HSBC Bangladesh has pioneered sustainable financial solutions bringing it global expertise in the market such as Sustainability Linked Loan (SLL), Social Loan, etc.

HSBC aims to contribute to sustainable financing and to support its customers to switch to more sustainable ways of doing business and bring their own financed emissions to net-zero by 2050 or earlier. 

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Shahriar Latif Mithun

Shahriar Latif Mithun

Shahriar Latif Mithun is currently working in the project & content Development team at CSR Window. He is a passionate writer, content developer and Development enthusiast.

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