BM Desk:
Bashundhara Paper Mills Limited and Bashundhara Multi Paper Industries Limited have unveiled their first Sustainability Report, marking a significant step forward in their commitment to transparency and environmental, social, and governance (ESG) responsibility.
The report, released on Monday at Bashundhara Industrial Headquarters-2, is a testament to the companies’ dedication to sustainable and responsible business practices, said a press release.
Safwan Sobhan, Vice Chairman of Bashundhara Group, and Mustafizur Rahman, FCA, CEO of Bashundhara Paper Mills Ltd., led the unveiling ceremony.
The event, attended by key officials including Towfique Hasan, Head of Division, Marketing, BD & Sustainability Sector-C, and M. Mazedul Islam, Company Secretary Sector-C, highlighted the Group’s pioneering role in promoting transparency and sustainability in the region.
Bashundhara Group used the ‘Double Materiality’ concept to comprehensively report on its ESG and financial perspectives, ensuring a balanced and comprehensive understanding of its sustainability journey.
The Sustainability Report-2022, covering the fiscal year 2021-22, is a groundbreaking document in the Bangladeshi paper sector. It aligns with the Sustainable Development Goals (SDGs) and adheres to the Global Reporting Initiative (GRI) Standard guidelines, setting a new benchmark for corporate responsibility in the industry.
This comprehensive report not only details the ESG status of Bashundhara Paper Mills Limited and Bashundhara Multi Paper Industries Limited but also underscores their unwavering commitment to sustainable development.
A key focus of the report is the sustainable practices within the paper mills, highlighting responsible sourcing in both production and marketing. The report introduces impactful sustainability initiatives that have significant social and environmental implications.
It outlines the Sustainability Pillars of the company, setting clear goals and targets up to 2030, thereby demonstrating a long-term commitment to sustainability.
