NMB Bank joins global call for Treaty to end use of fossil fuels

KATHMANDU, APRIL 22: NMB Bank Limited along with a group of seventeen leading banks from the Global Alliance for Banking on Values (GABV) has endorsed the Fossil Fuel Non-Proliferation Treaty initiative. The Fossil Fuel Non-Proliferation Treaty Initiative is a global effort to meet the goals of the Paris Agreement by fostering international cooperation to accelerate a transition to clean energy for everyone, end the expansion of fossil fuels and phase out existing production.

“This step demonstrates our dedication to advancing climate action and aligning with the goals of the Paris Agreement, enhancing our efforts in Carbon Emissions disclosure and management. We are aware that climate change is one of the most pressing issues of our time, and we are committed to being part of the solution.”, said Sunil K.C., CEO of NMB Bank.

This move promises a brighter, cleaner future and signifies the Bank’s shift towards sustainable practices that prioritize environmental well-being and long-term sustainability, according to the bank source.

‘The Banker Magazine’ of The Financial Times, London, has awarded NMB Bank with the Bank of the Year Asia Award 2021. The bank has also been awarded with Bank of the Year in 2017, 2018, 2020 & 2021. NMB Bank is currently providing its services through 201 branches, 186 ATMs and 11 extension counters.