KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has released revised ESG Disclosure Guidelines for listed companies, marking a step towards stronger sustainability reporting and closer alignment with the Pakistan Green Taxonomy.
Announced in Islamabad on Thursday, the updated framework supports the country’s climate goals under its nationally determined contributions (NDCs), which emphasise emissions cuts, renewable energy growth and improved climate resilience.
The new guidelines offer a unified structure that helps companies report climate risks, opportunities and activity-level data consistent with the national green taxonomy, which defines environmentally sustainable economic activities. They also include practical direction on identifying taxonomy-relevant activities, assessing alignment with environmental objectives and presenting this information in a clear and consistent format.
The SECP has kept the disclosures voluntary until June 2029 to give businesses time to adjust. After that, reporting will become mandatory through a phased approach. To help companies meet the requirements, the regulator plans to continue providing training, awareness programmes and technical support, recognising the complexity of gathering and assessing sustainability data.
With these changes, Pakistan’s capital market is expected to move toward clearer, more comparable and reliable climate disclosures. The SECP believes the strengthened framework will boost investor confidence and contribute to long-term sustainable development as the country works toward a greener and more resilient economy.
