Nabil Bank published its greenhouse gas emission report

KATHMANDU: Nabil Bank has disclosed its greenhouse gas (GHG) emission report of year 2022 from
bank’s loan and investments portfolio under Infrastructure and Project Financing (IPF) division. The
report has made public as a part of commitment letter signed by Nabil Bank as one of the Partnership
for Carbon Accounting Financials (PCAF) signatories in 2021.

The IPF portfolio includes a range of investment and loans to business sectors like energy, cement,
airlines, telecommunication services and others. The Sustainable Banking vertical of the bank had set
out to measure emissions from bank’s loan and investments portfolio under IPF division.

As per the assessment of the portfolio’s carbon emission revealed that the total emissions for the year
2022 amounted 80,671.37 tonnes of carbon-dioxide equivalent. Simultaneously, investment on hydro
and solar comprises carbon-dioxide emission avoided by 2131.81 tonnes. “While this is a significant
amount, we are actively working to reduce our carbon footprint and make our portfolio more
sustainable,” said Gyanendra Prasad Dhungana, Chief Executive Officer of Nabil Bank. Stating that
Nabil Bank is dedicated to building a sustainable future, he added, “We recognize that this requires
collective action. We believe that transparency is essential in achieving our goals, as we are committed
to providing regular updates on our progress towards a net-zero carbon footprint.”

Nabil Bank, being the first private sector bank in Nepal, has pioneered in financial service innovations
and sustainability in the banking industry. The sustainable banking unit set up by bank is an approach
to a new banking culture altogether and comes out of its desire to do responsible banking. According
to the bank, it chooses to be more sustainable in all its actions, be it in its own operations and resource
management, overall business activities including its CSR initiatives. Moreover, the bank encourages
its staff for sustainable practices in daily lives, both inside and outside the office and shall gradually de-
carbonize its own operations through clean energy sources.