10 Bangladeshi firms make it into Bloomberg's sustainability rankings

The recently revealed updated Bloomberg data shows an evident sign of development in terms of embracing sustainability in the country’s corporate world as three more Bangladeshi listed firms have made it to the Bloomberg Environmental, Social, and Governance (ESG) club, taking the total number of firms (from Bangladesh) in the list to 10 (ten), from last year where seven Bangladeshi firms were on this list.

Ten local companies, including six homegrown firms, were featured on this list, with three new entries, namely, BSRM Limited, LafargeHolcim Bangladesh, and MJL Bangladesh.

This achievement highlights the country’s growing commitment to sustainability and adopting ESG compliance. Based on 2023 sustainability disclosures, seven other firms nominated for this list are BAT Bangladesh (BATB), Grameenphone, Marico Bangladesh, BRAC Bank, IDLC Finance, Square Pharmaceuticals, and Walton Hi-Tech Industries.

These accomplishments also highlight technological innovations by companies like BSRM, which adopted innovative practices to recycle water and reduce air pollution, while LafargeHolcim Bangladesh targets net-zero emissions through its four sustainability pillars – climate, circularity, nature, and people.

BAT Bangladesh is the only company in the country that has achieved core certification by the Alliance for Water Stewardship for good water governance across all its manufacturing sites.

For the list, Bloomberg voluntarily collects data from public disclosures of sustainability efforts, with quantitative disclosures carrying more weight in scores than qualitative ones.

This milestone reflects the country’s advancing efforts toward sustainable development and global recognition in the ESG landscape.