10 June 2024, Kathmandu
Laxmi Sunrise marked World Environment Day 2024 with a commitment to environmental sustainability through the launch of ‘Project 5K.’. This ambitious initiative aimed to plant 5,000 trees nationwide, resonating with this year’s theme, “Our Land, Our Future. We are #GenerationRestoration.”
Laxmi Sunrise World Environment Day
Spanning from June 1 to June 8, 2024, Project 5K exceeded expectations, with bank branches collaborating with local communities and organizations to plant approximately 6,000 trees. The diverse locations for tree planting included schools, community forests, conservation areas, hospitals, Armed Police Force and Army barracks, temples, and public spaces.
Through these activities, Laxmi Sunrise not only demonstrated its unwavering dedication to green and responsible values but also embodied its slogan, “Orange Loves Green.” This initiative reflects the Bank’s ongoing commitment to fostering a sustainable and flourishing environment.
In addition to Project 5K, Laxmi Sunrise also disclosed its Avoided Emissions Report to mark the occasion. This report provides a detailed quantification of the environmental impact generated by its investments in renewable energy, specifically hydropower.
Through strategic investments in this sector, the Bank avoided a total of 25,134.18 tons of CO2 equivalent (tCO2e) emissions, underscoring its commitment to sustainable finance and environmental responsibility.
The Bank is a proud signatory of the Partnership for Carbon Accounting Financials (PCAF), further reinforcing its dedication to transparent and accountable environmental practices.
By championing green initiatives, Laxmi Sunrise is actively contributing to the larger goal of building a better future for generations to come. Project 5K is just one of the many actions taken by the Bank to uphold its values of being #Green and #Responsible. While Project 5K has concluded, our dedication to a greener Nepal continues.
For more: Laxmi Sunrise World Environment Day
About Us:
Laxmi Sunrise Bank has developed and implemented a robust anti-money laundering (AML) policy in alignment with international standards. Our policy emphasizes an ongoing evaluation of AML strategies and procedures to ensure the efficacy of our system, reflecting best practices in the financial services industry.
We are dedicated to upholding high standards of AML compliance, requiring all employees to strictly adhere to these guidelines. Our minimum standards include verifying customer identities before account initiation, conducting thorough interviews for new accounts to determine their purpose and funding sources, escalating suspicious transactions to senior management, maintaining comprehensive records for identification data, and regularly training employees on AML measures. We expect full cooperation from all involved to prevent money laundering activities effectively.
In addition to our AML policy, Laxmi Sunrise Bank complies with key regulatory certifications and questionnaires. This includes the USA Patriot Act Certification 2023 and the W8 BEN E 2022, which are integral to our compliance framework.
We also complete the Wolfsberg Questionnaire, CBDDQ V1.4, ensuring our practices meet global banking standards. These measures underscore our commitment to maintaining transparency and integrity in all banking operations, reinforcing our dedication to preventing financial crimes and fostering a secure banking environment.
