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EBL, US State Dept to jointly work on climate change adaptation

Published : Thursday, 16 May, 2024 at 12:00 AM  Count : 196

EBL, US State Dept to jointly work on climate change adaptation

EBL, US State Dept to jointly work on climate change adaptation

Eastern Bank PLC (EBL) and the US State Department signed an agreement on Wednesday to jointly work and collaborate on EBL Climate Change Adaptation Award," to be given annually to various civil society members in Bangladesh.

It includes climate activists, NGOs, corporate bodies and manufacturing companies to recognize their outstanding contributions who have demonstrated excellent leadership in implementing climate change adaptation projects and initiatives.

The agreement was signed by visiting Assistant Secretary of State for the Bureau of South and Central Asian Affairs Donald Lu and Acting Managing Director of EBL Ahmed Shaheen at Gulshan EMK Center in the city.

The award categories cover a wide range of sectors and themes such as renewable energy, water conservation, sustainable agriculture, urban resilience, biodiversity protection, and disaster preparedness

The winners will be selected by an eminent panel of judges, comprising experts from academia, civil society, media, and international agencies.

Assistant Secretary of State Donald Lu said after the signing that the United States and Eastern Bank share a common goal of promoting work to combat climate change among Bangladeshi businesses, civil society, and elsewhere.  

"We look forward to supporting EBLs establishment of this important new climate change adaptation award," he said.
 
The U.S. Ambassador to Bangladesh Peter Haas said, "U.S. Embassy Dhaka is excited about this new partnership with Eastern Bank.  

By helping EBL recognize businesses and organizations doing exceptional work in climate change in Bangladeshi, we hope to help inspire more action in this critically important area."

EBLs Acting Managing Director Ahmed Shaheen said, "Extreme weather events worldwide are urging us to act fast and quick on climate adaptation, mitigation, and finance.

This is a unique initiative that aligns with our vision of being a socially responsible and environmentally friendly bank. "We believe that this award will inspire and motivate more actors to join the fight against climate change, which is one of the most pressing challenges of our time," he said.

The signing ceremony was also attended by U.S. Embassy Deputy Chief of Mission Helen La Fave, Public Affairs Counsellor Stephen Ibelli, Economic Officer Amy Cass, and EBL Deputy Managing Directors Riad Mahmud Chowdhury and M. Khurshed Alam. Head of Communications of the bank Ziaul Karim also attended the event.

The nomination process for EBL Climate Change Adaptation Award 2024 will be announced soon, he said.







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