Skip to main content

ACCA Pakistan, SEED Ventures, InfraZamin Pakistan and CFA Society Pakistan partner to advocate ESG and its growing importance

    

ACCA and SEED Ventures (Pvt.) Limited, in collaboration with InfraZamin Pakistan and CFA Society Pakistan, organised an event titled ‘ESG (Environmental, Social and Governance): Business Integration, Public Trust & Brand Reputation’ on 30th November 2021 at Acton House Gardens, British Deputy High Commission, Karachi.

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. The panel consisted of Ahsan Jamil, CEO, Pakistan Institute of Corporate Governance, Amir Paracha, Chairman and CEO, Unilever Pakistan, Farrukh H. Khan, CEO and Managing Director, Pakistan Stock Exchange, Maheen Rahman, CEO, InfraZamin Pakistan and Shazad Dada, President and CEO, UBL; and was moderated by Shaista Ayesha, CEO, SEED Ventures. 

At the event, ACCA signed MOUs with SEED Ventures and InfraZamin Pakistan to formalise partnership and commitment to ESG related agendas.

Sajeed Aslam, Head of ACCA Pakistan said: ‘We have come to know the great work of SEED Ventures and InfraZamin Pakistan through recent collaboration. Our MOU formalises our working relationship with the aim of helping our members, students and other stakeholders better understand the sustainability agenda and associated governance, compliance and  risk matters.

Shaista Ayesha, CEO Seed Ventures, added: ‘The accountancy profession has a key role to play in understanding, monitoring and acting on non-financial risks such as climate change and and we are together committed to enhance ESG’s growing importance for sustainable businesses.

InfraZamin Pakistan’s CEO, Maheen Rahman, expressed confidence that the MOU with ACCA will strengthen awareness on adoption of ESG practices to improve infrastructure financing decisions as well as educating organisations about climate and nature related action.

Comments

Post a Comment

Popular posts from this blog

CBD PUNJAB’S UPCOMING AUCTION SET TO IGNITE ECONOMIC GROWTH.

                                                                   The Punjab Central Business District Development Authority (PCBDDA), also recognized as Central Business District Punjab (CBD Punjab), is set to mark a significant milestone in the region's real estate landscape with the auction of six exclusive plots, comprising three mix-used commercial and three residential plots, scheduled for May 9, 2024. As the premium development authority of Punjab, CBD Punjab is at the forefront of transforming the urban landscape, and this auction represents a pivotal moment in Punjab’s economic evolution. The auction event will showcase the immense potential for investment and development within the CBD Punjab precinct. With this auction, CBD Punjab is proud to introduce its latest ventures: CBD Business Bay and CBD Residencia...
Post a Comment
Read more

47% of Asia Pac businesses have no emissions plan in place despite the climate emergency, reveals new report from ACCA, IFAC and PwC

            As world leaders gather for COP 28, ACCA (the Association of Chartered Accountants), IFAC (the International Federation of Accountants) and professional services firm PwC released a new report:   The  role of the CFO and finance function in the climate transition: driving value and sustainability,  based on a survey of 1,000 senior finance professionals around the world.   The research reveals 47% of respondents in the Asia Pacific region have yet to produce a plan for reducing their carbon emissions. Alarmingly, 69% of those respondents without an emissions plan say they currently have no intention of developing one. This compares with global figures of 46% of respondents who have yet to prepare an emissions plan and 70% of those say they currently have no intention of developing one.   The report also says that that involving CFOs and finance teams in the emissions reduction planning is likely to accelerate progress. ...
Post a Comment
Read more

Lahore’s Skyline Transforms with Zameen ARX Ground breaking in CBD Punjab

The Punjab Central Business District Development Authority (PCBDDA), also  known as Central Business District Punjab (CBD Punjab), has taken another significant step in reshaping urban development with the ground-breaking of Zameen ARX by Zameen Developments. This marks the second high-rise building in CBD Punjab, solidifying its reputation as a hub of modern architecture and innovation. Rising 420 feet in the heart of CBD Punjab’s Quaid District, Zameen ARX is poised to become an iconic landmark, redefining luxury living and business excellence in Lahore. Strategically situated on CBD Route 47, the project offers unmatched connectivity to key areas such as Gulberg Main Boulevard, Gaddafi Stadium, MM Alam Road, Kalma Chowk, and Walton Road. Its prime location ensures seamless integration into Lahore’s rapidly evolving urban fabric. The ground-breaking ceremony was a momentous occasion, graced by Imran Amin, CEO of CBD Punjab, alongside Zeeshan Ali Khan, CEO and Founder of Zameen.co...
Post a Comment
Read more