PSX launches ESG primer for listed companies 

June 04, 2024 (MLN): The Pakistan Stock Exchange Limited (PSX) has launched the “PSX Primer on Environmental, Social and Governance (ESG)” on April 16, 2024.

PSX ESG Primer aims to apprise the listed companies on the ESG risks & opportunities, educate stakeholders on how ESG data can be used, highlight the potential of ESG innovation, and provide practical guidance for producing a Sustainability Report.

Given the present-day significance and importance of ESG concerns, it is now imperative and imminent to adhere to and report on ESG.

In this context, PSX has also signed a collaborative understanding with Refinitiv on ESG.

Under this mutual agreement, Refinitiv’s ESG Contribution Tool will be available to the listed companies for their ESG data reporting.

This Contribution Tool will not only enable presenting a standardized ESG scoring by Refinitiv for contributing PSX-listed companies but will also enhance the visibility of Pakistan’s companies on the international ESG radar.

Following that, PSX and Refinitiv, a London Stock Exchange Group (LSEG) company, jointly launched an ESG Contribution Tool on 18th April 2024 in an online session for the listed companies in Pakistan.

During the session, PSX announced the availability of the LSEG (Refinitiv) ESG Scoring for the listed companies.

Through the Refinitiv ESG Contribution Tool, PSX’s collaboration with LSEG stands as a testament to our commitment to fostering sustainable practices within the financial sector.

Through this collaborative effort, PSX aims to provide the listed companies with a robust platform designed to enhance ESG performance.

By leveraging this tool, listed companies can effectively demonstrate their dedication to sustainable business practices, thereby enhancing their attractiveness to investors and stakeholders.

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