Nabil Bank Launches ‘Nabil Sustainable Savings Account’ to Promote Carbon Emission Reduction

Nabil Bank has introduced a novel and impactful ‘Nabil Sustainable Savings Account’ in the banking sector, aimed at promoting sustainable development and reducing and controlling carbon emissions. In the context of Nepal’s goal to achieve net-zero carbon emissions by 2045, the bank has launched this savings account in line with its vision of sustainable development and sustainable banking.

Under this scheme, apart from the regular interest rate offered to customers, the bank will allocate an amount equivalent to 0.5 percent annually of the total deposits collected and directly invest it in initiatives for carbon emission reduction and control. According to the bank, this fund will be utilized in programs such as forest restoration and tree plantation, promotion of renewable energy, waste management initiatives, projects related to clean energy and safe water, and efforts aligned with sustainable development goals.

Additionally, the bank has announced that for customers maintaining an average balance of 50,000 rupees semi-annually in the ‘Nabil Sustainable Savings Account,’ a tree will be planted in their name as a token gesture. This initiative is expected to make a significant contribution to environmental conservation and sustainable development.