Dhaka, March 2 -- United Commercial Bank PLC (UCB) has signed an agreement with Ernst & Young Advisory Services Bangladesh Limited (EY ASBL) to further enhance its carbon accounting and carbon emission measurement practices.

The agreement was formally signed recently at UCB's Corporate Office. It is being considered a strategic initiative to strengthen the bank's environmental sustainability efforts, according to a media release.

Under the agreement, EY ASBL will assist UCB in preparing its Greenhouse Gas (GHG) Inventory for the financial year 2024-25.

In simple terms, the bank's carbon emissions generated from its operations will be measured and analyzed. This will include direct emissions from the bank's own activities (Scope 1); emi...