Bashundhara Paper Mills Limited and Bashundhara Multi Paper Industries Limited have achieved a significant milestone in the Bangladeshi paper industry by releasing their inaugural Sustainability Report. Unveiled on January 15 at Bashundhara Industrial Headquarters-2 in Dhaka, the report underscores the companies’ commitment to transparency and Environmental, Social, and Governance (ESG) responsibility.
The release of this comprehensive report represents a noteworthy step forward in promoting sustainable and responsible business practices, according to a press release. Safwan Sobhan, Vice Chairman of Bashundhara Group, and Md Mustafizur Rahman, CEO of Bashundhara Paper Mills Ltd, led the unveiling ceremony, which was attended by key officials, including Mohammad Towfique Hasan and M Mazedul Islam.
The report, covering the fiscal year 2021-22, employs the ‘Double Materiality’ concept, considering both nonfinancial (ESG) and financial perspectives to provide a balanced representation of the company’s sustainability journey. This approach aligns with the Sustainable Development Goals (SDGs) and follows the Global Reporting Initiative (GRI) Standard guidelines, setting a new benchmark for corporate responsibility in the Bangladeshi paper sector.
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Highlighting the sustainable practices within the paper mills, the report emphasizes responsible sourcing in both production and marketing. It introduces impactful sustainability initiatives with significant social and environmental implications. The report outlines the Sustainability Pillars of the company, establishing clear goals and targets up to 2030, demonstrating a long-term commitment to sustainability.
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In addition to presenting extensive data, the report includes case summaries that illustrate the practical applications of the company’s sustainability initiatives and campaigns. These real-life examples provide tangible evidence of Bashundhara Paper Sector’s dedication to sustainable practices. The report uses the baseline year of 2018/19 (pre-COVID) as a reference point, showcasing substantial progress made in recent years.
