5th May 2025, Kathmandu
NIC ASIA Bank has taken a big step toward environmental sustainability. The bank has released its first Carbon Disclosure Report. It follows the International Partnership for Carbon Accounting and Financials (PCAF) methodology.
NIC ASIA Carbon Disclosure Report
This marks a new chapter in the bank’s environmental strategy. It shows a firm commitment to measuring and managing carbon emissions. NIC ASIA is one of the few banks in Nepal to take this important step.
Aiming for Net Zero
Through this initiative, NIC ASIA Bank aims to support the global Net Zero Emission goal. Climate change remains a serious global issue. Carbon emissions from financial activities play a major role. The bank is determined to reduce this impact.
By tracking and disclosing its carbon footprint, NIC ASIA hopes to influence greener investments. The goal is not just awareness. The bank plans to take action that directly helps the environment.
Understanding the PCAF Methodology
The PCAF methodology is a global standard. It helps financial institutions calculate and disclose emissions from loans and investments. This method gives accurate and consistent data.
NIC ASIA used this approach to assess its portfolio. The results show how much carbon the bank’s financing generates. This helps the bank understand its environmental impact better.
A Clear Commitment to Transparency
The report reflects NIC ASIA Bank’s commitment to transparency. Sharing environmental data publicly builds trust. It also inspires others in the financial sector to do the same.
The bank believes that transparency leads to better decisions. It can push companies to reduce emissions. At the same time, it can guide investors to support green projects.
Action Over Promises
NIC ASIA Bank believes in real change. Publishing a report is only the first step. The bank plans to use the data to set carbon reduction goals. These goals will guide future loans, investments, and business activities.
In coming years, the bank will update its progress. It will report regularly to stay accountable. Customers, partners, and stakeholders can expect clear updates.
Aligning with Global Goals
The Carbon Disclosure Report aligns with international climate efforts. It supports the Paris Agreement and the United Nations Sustainable Development Goals (SDGs). NIC ASIA Bank wants to play its part.
The report links banking to the global fight against climate change. Financial institutions have a major role. By shifting capital toward greener projects, they can make a real impact.
A Message from Leadership
A senior spokesperson from the bank shared their views:
“We understand the urgency of climate action. This report is part of our mission to build a better future. As a leading bank, we want to set an example for others to follow.”
The bank also highlighted the role of customers. It plans to engage more with clients and businesses. By working together, they can support more sustainable practices.
Encouraging Other Banks
NIC ASIA Bank hopes to lead by example. Its leadership believes other banks in Nepal can take similar steps. Climate risk affects everyone. Financial institutions can drive the change needed.
By adopting tools like PCAF, more banks can measure their carbon impact. Together, they can help build a low-carbon economy.
Looking Ahead
NIC ASIA’s report is just the beginning. The bank plans to go further. It will focus on green financing, energy-efficient projects, and climate risk assessments.
It will also build awareness within its teams. Staff will receive training on environmental issues. This will help build a strong culture of sustainability across the organization.
Conclusion
NIC ASIA Bank has shown clear vision and bold action. By publishing its first Carbon Disclosure Report, it steps into a leadership role. The bank is ready to shape a cleaner, safer, and more sustainable future for Nepal and beyond.
Its actions send a strong message. Banks are not just financial institutions—they are environmental stakeholders. With data, purpose, and responsibility, NIC ASIA Bank is moving forward on the path to net zero.
For more: NIC ASIA Carbon Disclosure Report