Environmental and Social Risk Categorization Tool

A user-friendly application that provides a robust, auto generated, quantitative risk assessment system to reduce the subjectivity of a qualitative risk analysis method, promulgated in the ERM. Sustainability has been increasingly being recognized as central tenant to the growth of emerging market economy all over the world including Bangladesh. New standards and codes of conduct have been flourished towards the Environmental and Social Risk Management (ESRM) amid the financial sector to promote corporate accountability and transparency on the impacts of businesses on environment and society. From the perspective of the financial sector, the role of Environmental and Social (E&S) Risk Management is aimed at reducing the Probability of Default (PD) for Banks and Financial Institutions (FIs) in their credit/investment stemmed from Environmental and Social risk factors as well as ingraining the sustainability in the core business model of them. To facilitate ESRM, MicroMac has developed an application named Environmental & Social Risk Categorization Tool (ESRCT) that provides a robust, auto generated, quantitative risk assessment system to reduce the subjectivity of a qualitative risk analysis method, promulgated in the ERM Guidelines of Bangladesh Bank.