Fareast Finance aims to ensure meaningful social investment through effective projects into development issues of the country. As a responsible corporate citizen, we believe that every small “GREEN” step taken today would go a long way in building a greener future and that each one of us can work towards a better global environment. Going Green in the company can not only bring awareness among our customers and our employees but also build awareness and consciousness to our environment, our nation and our society. As an environment responsive, Fareast Finance initiated Go Green campaign in its organization. After reducing the use of electricity and paper at the office, Fareast Finance is now gearing up for carbon trading to show its commitment to environment-friendly funding.
Fareast Finance & Investment Limited believes in development that meets the needs of our present generation, without compromising the possibilities of future generations, the company believes that there are inevitable environmental impacts associated with daily operations. The company aims to minimize any harmful effects and consider the development and implementation of environmental standards to achieve this to be of great importance. Based on the guideline as given by the Bangladesh Bank through DOS Circular # 01 dated 01 June 2008 Fareast Finance & Investment Limited designed its services in such a way that:
1. Ensures that it does not have any negative impact on the economic, social and environmental.
2. Ensures that it is mitigating the negative impacts and bolstering the benevolent impacts.
3. Ensures that taking up action programs and community investments to reduce social exclusion and inequality.
4. Selects borrowers in scrutiny of the environmental and social impacts of their proposed undertakings.
In the course of operation the company try to find to recognize opportunities to trim down consumption of energy, water and other natural resources. We also try to re-use and recycle where possible and dispose off non-recyclable items responsibly, thereby minimizing our impact on the environment. It is expected that by adopting straightforward, environmentally friendly initiatives, the company will raise awareness amongst stakeholders and the wider community.
The company regularly reviews its environmental policy to ensure that it reflects changes in regulations and best practices. We aim to continually manage the impact of our operations and develop initiatives to improve our environmental footprint. In line with the growing environmental consciousness globally, Fareast Finance & Investment Limited has always been keen on portraying a brand image that promotes environmental sustainability. Detailed due diligence is performed by our relationship managers and credit risk analysts to identify environmental impacts of projects with possible critical environmental implications. As a practice, investment in environmentally polluting industries is generally avoided. Client compliance with Environmental Conservation Act 1995 and Environmental Conservation Rules 1997 is thoroughly investigated during the project appraisal process.