We are proud to share an incredible milestone for LafargeHolcim Bangladesh PLC (LHB). According to the Bloomberg ESG Ratings, LHB has been ranked #1 in Bangladesh for Corporate Governance.
This recognition is a testament to our unwavering commitment to integrity, transparency and sustainable growth as we continue to set benchmarks in responsible business practices. This achievement belongs to each and every one of you - our employees, whose dedication and values drive our success.
The ESG rating is essentially a scoring or evaluation system that reviews a company or organization's activities related to environmental, social, and corporate governance aspects. It also measures how responsible and sustainable the company's risk management practices are. For this assessment, Bloomberg collects information from various sources through its data platform. These sources include the company's annual reports, sustainability reports, and disclosures from regulatory bodies, news reports, and third-party data. Based on this information, the institution determines a score by evaluating indicators such as carbon emissions, resource utilization, working conditions, diversity, human rights, anti-corruption measures, shareholder rights, and more.
Mohammad Iqbal Chowdhury, Chief Executive Officer of LafargeHolcim Bangladesh PLC, stated that being featured on Bloomberg's prestigious list stands as a remarkable recognition of the company's commitment to excellence and sustainability on a global scale.
"Sustainability and good governance is part of deep culture, being part of global group Holcim. We nurture and promote high level of integrity and compliance across the Organization, Bloomberg recognition is a testimony of the spirit. I thank to all our employees, Board Member, shareholders and stakeholders to support the management in maintaining high level of standard." He added.
