Sustainability is becoming an essential focus for businesses globally, and Bangladesh is no exception. Several companies in the country have embraced sustainability, implementing eco-friendly practices, and committing to social responsibility. In this article, we explore the top 10 sustainable businesses in Bangladesh, highlighting their contributions to a greener future.
Top 10 Sustainable Businesses in Bangladesh
- Grameenphone
- British American Tobacco (BAT) Bangladesh
- Marico Bangladesh
- Brac Bank
- IDLC Finance
- Square Pharmaceuticals
- Walton Hi-Tech Industries
- BSRM
- Pran-RFL Group
- ACI Limited
1. Grameenphone
Grameenphone, a leading telecom operator in Bangladesh, is at the forefront of sustainability efforts in the country. With a score of 39.6 on Bloomberg’s sustainability list, it ranks as the top-performing Bangladeshi company. Grameenphone has integrated sustainable practices into its operations, focusing on reducing carbon emissions, promoting renewable energy, and minimizing environmental impact through its network infrastructure.
One of the company’s standout initiatives is its commitment to using solar-powered base stations in rural areas. This move not only reduces carbon footprints but also provides reliable telecommunications services to regions with limited access to electricity. Moreover, Grameenphone actively engages in recycling electronic waste and promoting digital literacy programs, especially for women, contributing to the social aspect of sustainability.
Their efforts in creating a more inclusive digital ecosystem while maintaining environmental consciousness make Grameenphone a true leader in sustainable business practices in Bangladesh.
2. British American Tobacco (BAT) Bangladesh
BAT Bangladesh, a subsidiary of British American Tobacco, is ranked second on Bloomberg’s sustainability list with a score of 35.4. While traditionally associated with tobacco production, BAT Bangladesh has made significant strides in sustainability, focusing on environmental stewardship, energy conservation, and community development.
The company has launched several green initiatives, such as reforestation projects and reducing water consumption in its manufacturing processes. BAT Bangladesh has also introduced bioenergy initiatives that reduce carbon emissions from its production plants. In addition to environmental efforts, the company is committed to social responsibility by investing in programs that improve farmers’ livelihoods through sustainable agriculture practices.
BAT Bangladesh’s transition from traditional tobacco production to a focus on sustainability demonstrates the company’s dedication to aligning with global environmental standards.
3. Marico Bangladesh
Marico Bangladesh ranked third with a Bloomberg sustainability score of 34.9, is a leader in the fast-moving consumer goods (FMCG) sector. Known for its flagship product Parachute Coconut Oil, the company has integrated sustainable sourcing, manufacturing, and distribution practices across its operations.
Marico has embraced sustainability through eco-friendly packaging, energy-efficient manufacturing, and the responsible sourcing of raw materials. The company works with local farmers, encouraging organic and sustainable farming practices that ensure the long-term health of agricultural ecosystems. Additionally, Marico Bangladesh has committed to reducing plastic usage in its packaging, aiming to reduce its environmental footprint.
Their focus on ethical production and reducing resource consumption makes Marico Bangladesh a prominent name in the country’s sustainable business landscape.
4. Brac Bank
Brac Bank is a pioneer in promoting sustainable banking in Bangladesh. It integrates environmental, social, and governance (ESG) criteria into its financial operations, ensuring that its business activities contribute positively to society and the environment.
The bank has implemented green financing initiatives, providing loans to businesses that focus on renewable energy, energy efficiency, and environmentally friendly products. Brac Bank is also involved in community development projects, aiming to improve financial literacy and access to credit for underserved populations. The bank’s efforts to reduce its carbon footprint through paperless banking and energy-efficient data centers are also noteworthy.
Brac Bank’s holistic approach to sustainability, combining environmental responsibility with social impact, makes it one of the most forward-thinking financial institutions in Bangladesh.
5. IDLC Finance
IDLC Finance, ranking fifth on Bloomberg’s sustainability list with a score of 31.1, is another major player in the financial sector committed to sustainable development. The company has introduced green financing products, targeting energy-efficient projects, renewable energy, and waste management.
One of IDLC’s key initiatives is its focus on financing small and medium enterprises (SMEs) that prioritize sustainability. This not only helps reduce the overall carbon footprint but also supports the growth of eco-conscious businesses. The company also places a strong emphasis on corporate governance, ensuring transparency and accountability in all its operations.
IDLC Finance’s contribution to sustainable development, particularly through green financing, positions it as a leading financial institution in Bangladesh.
6. Square Pharmaceuticals
Square Pharmaceuticals is one of the largest pharmaceutical companies in Bangladesh and ranks sixth on Bloomberg’s sustainability list with a score of 26. The company has made significant investments in sustainability by adopting environmentally friendly manufacturing practices and energy-efficient technologies.
Square Pharmaceuticals has introduced solar energy into its production processes and is committed to reducing waste through efficient waste management systems. The company also focuses on water conservation and recycling, further minimizing its environmental impact. In addition to its environmental efforts, Square Pharmaceuticals actively contributes to social causes, particularly in the areas of healthcare and education.
Their commitment to sustainable production and community welfare solidifies Square Pharmaceuticals as a key player in Bangladesh’s journey toward sustainability.
7. Walton Hi-Tech Industries
Walton Hi-Tech Industries, a leading electronics manufacturer in Bangladesh, holds the seventh position on Bloomberg’s sustainability list with a score of 23.7. Walton has made significant progress in reducing its environmental impact by incorporating energy-efficient manufacturing processes and developing eco-friendly products.
The company’s focus on producing energy-efficient appliances, such as refrigerators and air conditioners, helps reduce energy consumption across households in Bangladesh. Walton also ensures that its manufacturing facilities comply with international environmental standards, minimizing waste and emissions.
Walton’s dedication to green manufacturing and its role in providing eco-friendly products to consumers make it a vital contributor to sustainability in Bangladesh.
8. BSRM
Bangladesh Steel Re-Rolling Mills (BSRM) is a leading steel manufacturer known for its innovative approach to sustainability. One of BSRM’s key achievements is its pioneering effort in exporting zinc ash, a byproduct that was previously considered an environmental hazard. By repurposing zinc ash, BSRM has set an example in waste management and recycling within the steel industry.
The company has also implemented energy-efficient technologies in its production facilities, reducing carbon emissions and conserving natural resources. BSRM is committed to sustainable development, balancing industrial growth with environmental responsibility.
Their efforts in recycling waste products and reducing environmental harm highlight BSRM’s leadership in sustainable industrial practices in Bangladesh.
9. Pran-RFL Group
Pran-RFL Group, a major player in Bangladesh’s food and beverage industry, is known for its commitment to sustainability. The company has integrated sustainable practices into the design of its factory buildings and infrastructure, ensuring minimal environmental impact.
Pran-RFL has implemented water conservation measures, energy-efficient manufacturing processes, and waste management systems across its operations. The company also focuses on sourcing raw materials responsibly and supporting local communities through agricultural programs. By reducing energy and water usage, Pran-RFL is helping to mitigate the environmental impact of its large-scale production activities.
Their holistic approach to sustainability, from factory design to community engagement, positions Pran-RFL as a leading example of responsible business in Bangladesh.
10. ACI Limited
Advanced Chemical Industries (ACI) Limited rounds out the list as one of the most sustainable businesses in Bangladesh. The company is deeply involved in promoting environmentally friendly agricultural practices and has a strong focus on renewable energy projects.
ACI Limited is committed to reducing chemical usage in agriculture by promoting bio-friendly alternatives. The company has also invested in renewable energy, particularly solar power, to reduce its reliance on non-renewable resources. In addition to its environmental initiatives, ACI is involved in various social development programs, particularly in the areas of healthcare and education.
ACI’s efforts to promote sustainable agriculture and renewable energy make it a vital contributor to sustainability in Bangladesh.
Conclusion
Bangladesh’s journey toward sustainability is being spearheaded by companies that recognize the importance of balancing economic growth with environmental and social responsibility. From Grameenphone’s eco-friendly initiatives to ACI’s focus on sustainable agriculture, these businesses are setting a new standard for responsible corporate behavior. As sustainability becomes more ingrained in the business world, we can expect these companies to continue leading the charge toward a greener future in Bangladesh.
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