HBL in Pakistan Launches its first Impact and Sustainability Report

Published on: 06 June 2022
by KnowESG
markus-spiske-pwFr 1SUXRo-unsplash

Habib Bank Limited, Pakistan's largest commercial bank, has announced the launch of its first Impact and Sustainability Report for 2021. The bank in the report outlines its institutional interventions to address the needs of communities, people and the planet.

HBL is dedicated to long-term growth and the promotion of high environmental, social, and governance (ESG) standards in the banking industry.

The bank has established a set of practices to assist it in making better and more informed decisions on how to assess performance and improve people's and the planet's well-being.

All enterprises, investments, and activities are structured to help build a more sustainable, egalitarian, and financially inclusive world in which current populations can meet their requirements without depleting future generations' resources.

HBL's strategy focuses on increasing people's quality of life, and as a result, it plays an active part in Pakistan's financial ecosystem.

HBL President Sultan Ali Allana said:

“I am delighted to share HBL’s first Impact and Sustainability report. At HBL, we believe that as a part of the Aga Khan Fund for Economic Development (AKFED), it is up to us to inculcate the vital value of striking a balance between what we do and what we share. Our wide reach across the country enables us to keep a finger on the pulse of society. This is why our expenditure on social and developmental causes is highest in industry and some regions of the country. We consider ourselves to be soul banks."

Source: RS

For company-related news