DHAKA: City Bank has won the prestigious ‘Global Climate Partnership Award 2018’ from Global Climate Partnership Fund (GCPF). This is one of the most prestigious awards on energy efficient financing which recognizes outstanding performance and impact of partner institutions in the areas of Energy Efficiency & Renewable Energy related to green lending.

The award giving ceremony was held in Zurich of Switzerland, where Bank’s MD & CEO Sohail R K Hussain received the award, said a press release Sunday (June 3).

Members of GCPF Board, Investment Committee, Investors and Representatives from other Financial Institutions were also present in the event.

The Award was open to all financial institutions that have a partnership with the Global Partnership Fund (GCPF). City Bank competed with 29 financial institutions from 22 countries who are involved in advanced Energy Efficient and Renewable Energy Financing. City Bank’s strong commitment towards environment-friendly lending is saving 152,522MWh energy every year through Energy Efficient investments and has reduced 42,749 ton CO2 emission annually.

Global Climate Partnership Fund S. A., SICAV-SIF (GCPF) is an investment company located at Luxembourg.  GCPF invests in developing and emerging economies with high greenhouse gas emissions and significant potential to improve energy efficiency and climate change. The fund is backed by international institutions, like Danish International Development Agency (DANIDA), KfWEntwicklungsbank, International Finance Corporation (IFC), Development Bank of Austria (OeEB), Dutch Development Bank (FMO), German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB).

BDST: 1637 HRS, JUN 3, 2018

AH/SI