June 14, 2023 (MLN): The Securities and Exchange Commission of Pakistan (SECP) has been closely following international developments on sustainability disclosures, Ms. Musarat Jabeen, Executive Director at SECP said during an awareness and capacity building webinar on Sustainability Disclosures and Reporting organized by SECP and Institute of Chartered Accountants of Pakistan (ICAP).
She also appreciated ICAP’s role as a partner in capacity-building efforts in the context of International Sustainability Standards Board (ISSB) standards. She reaffirmed SECP’s commitment to facilitating inclusive economic growth and emphasized the need for collaboration amongst stakeholders for advocacy and capacity-building initiatives.
She reaffirmed SECP’s commitment to facilitating inclusive economic growth and emphasized the need for collaboration amongst stakeholders for advocacy and capacity-building initiatives.
The webinar was led by a technical presentation from Mr. Sohail Malik, Senior Director ICAP, detailing sustainability disclosures as per ISSB standards followed by an interactive Q/A session by participants.
Mr. Farrukh Rehman, Council Member (ICAP) in his concluding remarks appreciated SECP for continued partnership with key stakeholders and highlighted ICAP’s role in engaging professionals and industry experts for capacity building in the context of ISSB standards.
He also discussed key challenges in the collection and analysis of data for sustainability reporting and the importance of independent assurance of corporate sustainability reports.
The webinar is part of a series of sessions planned for capacity building and awareness with respect to sustainability reporting standards among key stakeholders of the ESG ecosystem.
