Bangladesh Bank yesterday issued a guideline for managing the environmental risks in the financial sectors, said a statement.

All banks and other financial institutions in Bangladesh will have to adopt the guidelines on environmental risk management by June 30 this year.

The environment in Bangladesh is deteriorating significantly and the key areas of decline include land degradation, air pollution, water pollution and scarcity, biodiversity resources and impacts of natural disasters.

So, banks need to protect their financing from the risks arising from the deteriorating environment scenario and climate change, the circular said.

The BB circular also said the cen- tral bank will conduct training programmes, seminars and workshops for the capacity building of the financial institutions.

News: The Daily Star / Bangladesh/ jan-31-2011