KARACHI: Faysal Bank, one of the leading Islamic banks of Pakistan collaborates with the Pakistan Institute of Corporate Governance (PICG) to reinforce that they care for the environmental, social, and governance (ESG).

Climate change is a reality and Pakistan stands as a frontline state in that regard. It is but our collective responsibility of the private sector to play a stronger role by adopting sustainable practices to create an environmentally sustainable Pakistan for tomorrow. The change includes environmental concerns, social and financial inclusivity, health & well-being, equity, and human rights. All successful businesses today work within the guidelines as prescribed by Environmental Social Governance (ESG).

“Faysal Bank, in line with its core Islamic values, which includes care, has always been a good corporate citizen. We are always trying to create a positive impact including our recent focus on the environment. Understanding and subsequent implementation of ESG standards with core focus on environment will be the foundation of the future for our country and our next generation. We are proud to partner with PICG and PSX to help bring about this positive change leading to the establishment of ESG Scorecard,” mentioned Yousaf Hussain President and CEO, Faysal Bank.

Dr Shamshad Akhtar Chairman PICG & PSX, reiterated her stance on the vital integration of corporate and sustainabilitywith an accountability procedure that creates a transparent system of evaluation, “Businesses need to adopt and implement ESG standards and reporting.”

Copyright Business Recorder, 2023