Company Profile:
IDLC Finance PLC started its journey in 1985 as a lease finance company by the initiation of IFC of the World Bank. Four decades down the line, now it has become the largest non-bank financial institution with multi-product offerings in Bangladesh, instilling trust and confidence in its clients and customers. Currently, IDLC extends its services through 40 branches and booths scattered over 20 districts in Bangladesh. It has a competent workforce of around 1,700 individuals serving a client base of over 400,000.
IDLC has a diversified portfolio consisting of financial products in Corporate, SME and Retails segment. Its product list include term loan, lease financing, working capital financing, home loan, vehicle loan, personal loan etc. It also has presence on capital market operations by offering brokerage services and investment banking services.
IDLC Finance PLC and Sustainability
As a sensible and responsible financial institution, IDLC recognizes the importance of sustainability in its business operation as well as on the society. Hence, financing decisions here undergo rigorous credit risk analysis that reflects degree of alignment with sustainability and ESG. Our risk assessment criteria include considerations towards environmental factors (e.g. impact analysis, emissions, energy consumption source and pattern, chemical usage etc.) and social factors (e.g. workplace environment, equality, social inclusion, child labor etc.). We also guide and encourage our clients and customers to emphasize more on integrating sustainability by adopting energy efficient measures, emission reduction techniques and inclusive growth.
In our internal operations, we remain vigilant in promoting sustainability. We ensure human rights and labor rights through transparent recruitment and performance appraisal processes, non-discriminatory treatment of our employees with regards to age, gender, color, religion, ethnicity etc., as well as provide our female employees special considerations in terms of suitable workplace and maternity leaves. We are also watchful towards our carbon footprint and energy consumption. Our workplace practices include less printing, less paper use, recycling, energy and water consumption measures by installing efficient equipment and fixtures etc. We have adopted GHG emission measurement for our direct and indirect emissions, not only for monitoring the results and changes but also for taking prudent general and investment-specific decisions to achieve net zero. We have aligned our processes and practices with various national and international guidelines and frameworks to further facilitate our sustainability goals and objectives. Finally, our commitment towards anti-corruption and illegal drugs is evident from our non-tolerance policy towards such practices within our organization.