• BIZ BRIEFS
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 been 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, as per a press statement.
The sustainable banking vertical of the bank had set out to measure emissions from bank's loan and investments portfolio under IPF division.
The assessment of the portfolio's carbon emission revealed that the total emissions for the year 2022 amounted to 80,671.37 tonnes of carbon-dioxide equivalent.
Simultaneously, investment on hydro and solar comprises carbon-dioxide emission avoided by 2,131.81 tonnes.
A version of this article appears in the print on March 27, 2023, of The Himalayan Times.
