Analysis of sustainability reporting practices by the banks operating in Bangladesh

Abstract

The purpose of this paper is to know the performance of sustainability reporting practice in Bangladesh, the scope of sustainability reporting practice, the way of reporting in banking companies of Bangladesh and to assess the exposure of environmental aspects in sustainability reporting practice of banking companies in Bangladesh for development. The Global Reporting Initiative (GRI) plays the lead role in developing guidelines on the measurement of sustainability reporting. That is why the GRI standard guideline is taken into account. The study revealed that the information related to sustainability in the periodic report of the banking company was not sufficient. In addition, in most cases, it was raised that the information related to the sustainability reports did not comply with the standard of the GRI guidelines. The study outlines the trends and current practices of banking assiduousness sustainability reporting in Bangladesh. Specifically, the environmental aspect of sustainability reports is the focus of this study. Reporting style, report size, details exposed in the report, conditioning of environmental care, and proper direction related to sustainability reporting practice are also included in this study. It can help different situations of directors, associations, stakeholders and non-supervisory authorities to identify problems and areas they could focus on to formulate unborn plans to create a sustainable unborn reporting culture in the Bangladesh banking sector to make the world more sustainable.