SECP initiates consultation on voluntary ESG Disclosure Guidelines

ISLAMABAD, October 27: The Securities and Exchange Commission of Pakistan(SECP) has issued draft guidelines on ESG disclosures for consultation as part of its Environmental, Social and Governance(ESG) Regulatory Roadmap issued in June 2022.

The guidelines have been prepared to encourage listed companies to enhance their ESG disclosures in a fair and transparent manner on voluntary basis. Since the guidelines are non-mandatory in nature, non-listed companies may also seek guidance from the draft guidelines for embarking on their journey towards adoption of ESG standards.