ISLAMABAD, Dec 11 (APP): The Securities and Exchange Commission of Pakistan (SECP) has issued revised ESG Disclosure Guidelines for Listed Companies, reinforcing its commitment to strengthen sustainability reporting and support Pakistan\u2019s climate transition. The guidelines are available on the SECP\u2019s official website.<\/p>\n
In line with national priorities and Pakistan\u2019s updated Nationally Determined Contributions\u2014which commit to emissions reductions, increased renewable energy, and enhanced climate resilience\u2014the SECP aims to enable the corporate sector to play a central role in meeting national climate targets, said a release issued here on Thursday.<\/p>\n
The revised ESG Disclosure Guidelines provide a standardized reporting framework that enables listed companies to disclose climate-related risks, opportunities, and activity-level data aligned with the Pakistan Green Taxonomy (PGT), identifying environmentally sustainable economic activities.<\/p>\n
The Guidelines also include practical guidance to help companies understand and apply the PGT in their reporting. This includes direction on identifying taxonomy-relevant activities, assessing alignment with environmental objectives, and providing guidance on how to report this information.<\/p>\n
To allow companies adequate preparation time, the disclosures will remain voluntary until June 2029, after which they shall become mandatory in a three-phase implementation schedule.<\/p>\n
Recognizing the technical nature of sustainability and taxonomy-aligned reporting\u2014particularly data collection and assessment against screening criteria\u2014the SECP will continue to support the corporate sector through capacity-building initiatives, awareness sessions, and collaborative engagements with stakeholders.<\/p>\n
With the introduction of the revised Guidelines, Pakistan\u2019s capital market is positioned to move toward more credible, comparable, and decision-useful climate disclosures.<\/p>\n
The strengthened reporting framework is expected to enhance investor confidence and contribute meaningfully to the country\u2019s broader sustainable development objectives, supporting Pakistan\u2019s path toward a greener, more resilient, and sustainable economy.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD, Dec 11 (APP): The Securities and Exchange Commission of Pakistan (SECP) has issued revised ESG Disclosure Guidelines for Listed Companies, reinforcing its commitment to strengthen sustainability reporting and support Pakistan\u2019s climate transition. The guidelines are available on the SECP\u2019s official website. In line with […]<\/p>\n
\n","protected":false},"author":2,"featured_media":123390,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-123389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-business-news"],"yoast_head":"\n