Infrastructure Development Company Limited (IDCOL) has become a signatory to the Partnership for Carbon Accounting Financials (PCAF), reinforcing its strong commitment to sustainability and climate action. This strategic move establishes a robust framework for transparent sustainability reporting, enabling IDCOL to accurately measure and disclose greenhouse gas (GHG) emissions associated with its financing activities.
The Partnership for Carbon Accounting Financials (PCAF) is a global collaboration of financial institutions aimed at harmonizing the assessment and disclosure of GHG emissions linked to loans and investments. With more than 700 financial institutions across six continents, PCAF is rapidly expanding its footprint in North America, Latin America, Europe, Africa, and the Asia-Pacific region.
By joining PCAF, IDCOL is adopting a globally recognized and harmonized standard for measuring and disclosing financed emissions, enhancing transparency and accountability in its operations. The partnership will further strengthen IDCOL’s institutional mandate by leveraging data-driven insights to support Bangladesh’s transition toward a low-carbon and climate-resilient economy.
“Joining PCAF marks a significant milestone in our sustainability reporting journey. It will enable us to benchmark our portfolio against global standards and reinforces our commitment to financing green infrastructure that delivers tangible climate risk mitigation,” said Mr. Alamgir Morshed, Executive Director and CEO of IDCOL.
Infrastructure Development Company Limited (IDCOL) is a leading government-owned financial institution that plays a pivotal role in bridging the financing gap for private sector infrastructure and renewable energy projects in Bangladesh. As a market pioneer, IDCOL catalyzes sustainable investments to enhance energy security through renewable energy and energy efficiency initiatives, serving as a key partner in advancing the government’s vision of a climate-resilient economy.
IDCOL is also a critical national institution for channeling both domestic and international climate finance, with support from development partners such as the World Bank, KfW, USAID, JICA, and the Green Climate Fund (GCF). The organization plays a vital role in improving energy efficiency, particularly in energy-intensive sectors such as textiles and the ready-made garments (RMG) industry.
Through these initiatives, IDCOL is actively contributing to the achievement of Bangladesh’s Nationally Determined Contributions (NDCs) and renewable energy targets, supporting the country’s long-term vision for a greener, more resilient future.
