SECP Publishes ESG Reporting Guide

Published on:
by KnowESG
KnowESG_SECP Publishes ESG Reporting Guide
Image courtesy of https://theazb.com/

The Securities and Exchange Commission of Pakistan (SECP) has taken a significant step by releasing preliminary guidelines for Environmental, Social, and Governance (ESG) disclosures.

This move is in alignment with the ESG Regulatory Roadmap introduced in June 2022, underscoring the SECP's commitment to fostering responsible and sustainable business practices.

These guidelines, as announced in a recent statement, are designed to instill a culture of transparency and fairness, urging publicly-listed companies to enhance their ESG disclosures voluntarily.

It's important to note that the SECP's draft guidelines are not compulsory. Still, their introduction serves as an essential resource for non-listed enterprises looking to embark on their journey toward embracing ESG standards.

The breadth of these guidelines encompasses various aspects within the ESG framework, spanning the Environmental (E), Social (S), and Governance (G) pillars.

They outline recommended metrics and criteria for evaluating climate change impact, Greenhouse Gas emissions, energy consumption, gender diversity, executive compensation, non-discrimination policies, health and safety measures, board diversity, incentivised pay structures, and internal controls, among others.

Furthermore, the draft guidelines afford companies a degree of flexibility in how they choose to disclose their ESG performance. This can be accomplished by creating a separate sustainability report, integrating ESG information into the company's annual report, or publishing these details on their official websites.

The introduction of these guidelines represents a vital step in advancing corporate responsibility and sustainability practices across Pakistan's business landscape.

For more regulatory news

Source: The News

Share:
esg
esg
esg
esg

Regulators Headlines

Italy Seeks Feedback on New Sustainability Reporting

Italy Seeks Feedback on New Sustainability Reporting

BIBA Commits to Sustainable Future

BIBA Commits to Sustainable Future

ESG Gains Momentum Among British Manufacturers

CFA Institute: China's Green Dream Needs Skilled Hands

ULEZ Expansion Ads Off Air After False Green Claims

ESMA to Gain Authority in Green Ratings

Remilk's Sustainable Vegan Milk Debuts in Canada

ECB's New Climate Plan Signals Greener Policy

IESBA Seeks Feedback: Sustainable Ethics Consultation

Greenhushing Prevailing Across Sectors, Says Study