For DBL Group, empowering women is not just good for society – it is good for business.
The Bangladesh conglomerate understands the benefits of promoting female workers and has made gender equality a key part of its sustainability agenda, with a pledge to put more women in leadership positions across its 39,000-strong workforce.
On the back of that commitment, DBL worked with HSBC to structure a unique financing that connects its cost of capital directly to gender equality and greenhouse gas emissions. The terms of the sustainability-linked loan mean DBL receives benefit in their financial offerings as it meets defined performance targets – including the share of supervisor positions held by women.
It is Bangladesh’s first sustainability-linked loan to be tied to this metric, sending a powerful signal of the financial benefits of gender equality to other companies in the South Asian nation and beyond.
For DBL, the deal underlines its belief that an ambitious sustainability agenda will enhance its business, helping deepen its relationships with stakeholders, employees and ESG-focused customers.
“We are glad to have clients like DBL who are pioneering sustainability in Bangladesh,” said Kevin Green, Country Head of Wholesale Banking, HSBC Bangladesh. “Sustainability-linked lending allows financial institutions to encourage global best practices that will help put countries like Bangladesh on the path to a cleaner, greener and more equitable future.”