PSX and LSEG collaborate on ESG initiatives

In a significant development, Pakistan Stock Exchange (PSX) has entered into a partnership with the London Stock Exchange Group (LSEG) to focus on Environment, Social, and Governance (ESG) initiatives. This collaboration aims to develop standardized ESG data tools for PSX-listed companies to enhance their ESG reporting capabilities and visibility on the global stage.

Under this understanding, PSX and LSEG will work together to create an ESG Index, laying the foundation for promoting sustainable business practices among listed companies. The collaboration also includes plans for training sessions to raise awareness and build capacity for ESG reporting.

MD & CEO of PSX, Farrukh H. Khan, emphasized that this partnership aligns with PSX's vision to elevate ESG standards for listed companies. Managing Director of LSEG, Nadim Najjar, highlighted the goal of supporting Pakistani companies in fostering a sustainable and responsible business environment.

Chairperson of PSX, Dr. Shamshad Akhtar, stressed the importance of learning from LSEG's experience to promote sustainability and responsible investment. Chairman of the Securities and Exchange Commission of Pakistan (SECP), Akif Saeed, emphasized the positive impact of integrating sustainability into capital market frameworks.

The collaboration between PSX and LSEG signifies a crucial step towards advancing ESG reporting and practices in Pakistan. By encouraging listed companies to prioritize sustainable development through ESG initiatives, the partnership aims to create a more resilient and responsible market environment for the future.