Skip to main content

ENSOGOV arranged an event to discuss the adoption of ESG as a new competitive advantage for businesses

                     





ENSOGOV & British Deputy High Commission Karachi arranged an exclusive gathering of corporate leaders to discuss the adoption of the ESG frameworks and sustainability practices in Pakistan. The event was held on 20th July 2022 at Acton House British Deputy High Commission Karachi. Corporate leadership from the financial sector, banking, textile, FMCG, manufacturing, technology and development sector gathered at the event organised by ENSOGOV, British Deputy High Commission, Karachi,  in partnership with ACCA, Nutshell Group, SEED Ventures and Matriarch Ventures under the title “Simplifying the ESG journey for businesses”.

The leaders, in general, discussed that the operating context for organisations implementing environmental, social and governance (ESG) strategies is changing exceptionally fast. There are pressures from investors, customers, employees and regulators to take substantive action and strengthen reporting and disclosures.

Dr. Shamshad Akhtar, Chairperson of Pakistan Stock Exchange, PICG and Former Federal Minister, stressed creating a national-level ESG framework for Pakistan to bring harmony and comparability.

Sadia Sajjad, Country Manager UK, Ireland, Denmark and Malta,  IFC, Jonathan Freeman, CEO, Sustainability Director, CareTech plc; Managing Director, Earlsbrook Consulting Limited, Muhammad Azfar Ahsan, Founder, Nutshell Group & Corporate Pakistan Group, Former Minister of State & Chairman, Board of Investment and Maheen Rahman, CEO InfraZamin Pakistan stressed on the urgency climate action and adoption of ESG framework.

Muhammad Ali Tabba, CEO of Lucky Cement Limited and Yunus Textile Mills Limited, part of YBG business conglomerate, Shazad Dada, CEO and President of UBL, Farrukh H. Khan, MD & CEO, Pakistan Stock Exchange, Naz Khan , Chief Strategy Officer, K-Electric, Shaista Ayesha, CEO, SEED Ventures, Assad Hameed, Head of ACCA Pakistan discussed the success and progress of sustainability and ESG frameworks’ adoption in Pakistan.

Corporate leaders and participants appreciated the efforts of ENSOGOV (in simplifying the ESG journey for businesses in Pakistan. ENSOGOV is an ESG tech and data-led startup delivering a bitesise sprint model to accelerate ESG transitions for companies in Pakistan and abroad.

The main aim of the discussion is to gather companies under one roof and let them discover new sources of competitive advantage by focusing on benefits and embedding sustainability in the business and across the value chain.

Mike Nithavrianakis, British Deputy High Commissioner, Karachi, shared his views at the launch event of ENSOGOV “The environmental, social, and governance challenges the world faces today are complex, alarming and urgent. Businesses must make bold commitments, build robust plans and take tangible actions. Boards have the primary role of simplifying ESG adoption and benchmark the progress against global standards.”

“A strong sustainability strategy transforms a company’s relationships with its workforce, suppliers and customers, and resources utilisation models and creates long-term value for all its stakeholders”. Faraz Khan, Founder and CEO of ENSOGOV.

The companies are embracing sustainability and ESG to break harmful practices, accelerate business and societal transformation, and create value. This transformation focuses on long-term value creation for the company and its stakeholders and the broader environmental and human context in which it operates. By focusing on benefits — sustainable and circular product cycles, equitable employment, sustainable sourcing, investment in innovation — and embedding sustainability, companies in the vanguard are discovering new sources of competitive advantage.

Comments

Post a Comment

Popular posts from this blog

CBD Punjab Celebrated Pakistan Resolution Day with Patriotic Fervor

                                                       The Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District Punjab (CBD Punjab), proudly commemorated Pakistan Resolution Day with unwavering dedication to the nation's progress. Held at the CBD Punjab headquarters, the ceremony was attended by COO CBD Punjab, Brigadier (R) Mansoor Janjua, directorate heads, senior officials, staff members, and ancillary staff, all united in the spirit of patriotism and national pride. The event began with a flag hoisting ceremony, symbolizing the steadfast commitment to uphold the principles of unity, faith, and discipline, and to strive for the betterment of the country while keeping the national flag flying high. The national flag soaring high served as a powerful symbol of prosperity and sovereignty. Addressing the gathering, COO CBD Punjab, Brigadier (R) Mansoor Janjua, emphasized the importance of commemorating the historic Pakistan Resolut
Post a Comment
Read more

Huawei and OPPO Sign Global Patent Cross-licensing Agreement

          Huawei and OPPO announced the signing of a global patent cross-licensing agreement, which covers cellular standard essential patents, including 5G. "After more than 20 years of continuous innovation, Huawei has developed multiple high-value patent portfolios in the global marketplace in domains like 5G, Wi-Fi, and audio/video codecs," said Alan Fan, Head of Huawei's Intellectual Property Department. "We are delighted to have reached a cross-licensing agreement with OPPO. The mutual recognition of intellectual property value between companies is a major step towards fostering a positive cycle of innovation and research in high-value standards: investing, receiving returns from investment, and then reinvesting. This will enable our industry to keep innovating and provide consumers with more competitive products and services." "We are very pleased to enter into patent cross-licensing agreement awith Huawei. It clearly demonstrates that the two compan
Post a Comment
Read more

Economic confidence among finance professionals edges higher globally despite big fall in North America

                                                The latest ACCA (the Association of Chartered Certified Accountants) and IMA ®  (Institute of Management Accountants)  Global Economic Conditions Survey (GECS) suggests that confidence among accountants and finance professionals edged slightly higher in Q2 2024 and is just above its historical average.  For chief financial officers (CFOs), all the key global indicators rose, with sharp gains evident in the New Orders and Capital Expenditure indices.   There were some notable regional differences . Western Europe-based accountants reported another decent increase in confidence as the euro area and UK economies continue to stage recoveries. Even Asia Pacific saw a small rise off the back of a huge gain previously, and the New Orders Index increased strongly. The region is benefitting from improvements in the global economy, including in the manufacturing sector and the upward moving technology cycle. However, North America’s financial profe
Post a Comment
Read more