Joint plan to advocate ESG, its growing importance

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Observer Report
Islamabad

ACCA and SEED Ventures (Pvt.) Limited, in collaboration with InfraZamin Pakistan and CFA Society Pakistan, organized an event titled ‘ESG (Environmental, Social and Governance): Business Integration, Public Trust & Brand Reputation’.

The event captured diverse insights from seasoned business leaders (national and MNCs) representing capital markets, corporate governance, banking and financial services; who stressed on the importance of ESG awareness, its mainstreaming as well as leveraging it to enhance public trust.

Dr. Shamshad Akhtar, Chairperson, Pakistan Stock Exchange, was the Guest of Honour at the event. She shared her vision for adoption of ESG in Pakistan with particular reference to ESG as a key driver for enhancing investor confidence including foreign direct investment.

Mike Nathavrianakis, British Deputy High Commissioner, shared his perspective on why ESG is important for Pakistan and congratulated ACCA, SEED Ventures, InfraZamin Pakistan and CFA Society Pakistan for leading the ESG conversation.

A high-octane panel discussion, comprising high-profile speakers, recommended – integration of ESG at board level, banking sector’s strategy and future-plan for socially responsible lending and finance; how ESG is imperative for a fairer and more transparent reporting of information for stakeholders’ decision making, including facilitation of project and infrastructure financing decisions; how growing information availability is empowering millennials and Gen-Z, who comprehend ESG as a key pillar for future sustainability; and finally, how ESG index driven capital markets promote sustainable investments.

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