The Securities and Exchange Commission of Pakistan has issued revised ESG Disclosure Guidelines for listed companies, setting out a standardized framework for sustainability reporting that aligns climate-related disclosures with the Pakistan Green Taxonomy (PGT). Reporting under the revised guidelines remains voluntary until June 2029, after which disclosures will become mandatory under a three-phase implementation schedule. The framework is designed to support disclosures of climate-related risks and opportunities and activity-level data mapped to the PGT’s classification of environmentally sustainable economic activities. The guidelines also provide practical direction on identifying taxonomy-relevant activities, assessing alignment with environmental objectives, and presenting taxonomy-aligned information, alongside SECP plans for capacity-building initiatives, awareness sessions, and stakeholder engagement to support implementation.
Securites & Exchange Commission of Pakistan 2025-12-11
Securities and Exchange Commission of Pakistan issues revised ESG disclosure guidelines aligned with the Pakistan Green Taxonomy with voluntary reporting until June 2029
The Securities and Exchange Commission of Pakistan has issued revised ESG Disclosure Guidelines for listed companies, aligning climate-related disclosures with the Pakistan Green Taxonomy. Voluntary until June 2029, the guidelines introduce a three-phase schedule for mandatory reporting. They provide a framework for disclosing climate risks, opportunities, and taxonomy-aligned activities, with plans for capacity-building and stakeholder engagement.