What is ESG? and what special Pakistan cables have done in this regards?
There is a movement all over the world. It has been in Pakistan for five years. It has picked up under the name of Environmental, Social, and Governance, which requires that all companies conduct their businesses in a complete framework which companies give them the opportunity to, in environmental ambit, social ambit, and sustainable way. Not only conduct, but also disclose their best practices, and report their initiatives.
Pakistan Cables has definitely taken a lead on ESG in it’s industry category. There is a lot of work that the company had already undertaken many years ago in the environmental side of things, other than the fact that we are obviously ISO 14001 certified. Our water treatment facility, affluent treatment facility, Pakistan Cables has also been based on the forest. Last year, Pakistan Cables, building material industry, was the first company that had their carbon emission reducing targets validated and approved by SBTI and also in Pakistan it was among the top four companies who got its targets validated. And this validation means that we have a commitment that by 2030 or by 2050 so we have to reduce our Carbons emissions.
