Nabil Bank unveils its greenhouse gas emission report

Kathmandu, 27 March: Nabil Bank on Sunday has made public the report of its greenhouse gas emission for the year 2022.

The total carbon emission of the year amounted to 80,671.37 tonnes of carbon-dioxide equivalent while investment on hydro and solar comprised carbon-dioxide emission avoided by 2131.81 tonnes, according to the report.

Gyanendra Prasad Dhungana, Chief Executive Officer of Nabil Bank stated “While this is a significant amount, we are actively working to reduce our carbon footprint and make our portfolio more sustainable.”

The report has been published as a part of commitment letter signed by Nabil Bank as one of the Partnership for Carbon Accounting Financials (PCAF) signatories in 2021.

The report is from the bank’s loan and investments portfolio under Infrastructure and Project Financing (IPF) division. The IPF portfolio includes a range of investment and loans to business sectors like energy, cement, airlines, telecommunication services and others.