Overview
- The investment estimate was disclosed at an Overseas Investors Chamber of Commerce and Industry session focused on the taxonomy and ESG reporting.
- The Securities and Exchange Commission of Pakistan has updated guidelines for listed companies to align reporting with the taxonomy, with mandatory phases scheduled for 2029–2031.
- Pakistan’s NDC 3.0 targets include a 17% unconditional and 33% conditional cut in emissions, 30% electric vehicle adoption, and a shift to 60% renewable energy.
- Introduced by the State Bank of Pakistan in 2024, the taxonomy classifies activities contributing to climate mitigation, water sustainability, ecosystem protection, pollution prevention, circularity, and land management.
- Presenters outlined alignment tests—substantial contribution, do-no-significant-harm, and minimum social safeguards—and urged mapping to GRI, ISSB and TCFD to attract investable capital.