The Securities and Exchange Commission of Pakistan (SECP) has released draft additions to the Guidelines on ESG Disclosures for Listed Companies. The step is part of efforts to promote responsible business practices and strengthen corporate transparency.
The draft guidelines have been issued for public consultation. According to SECP, the additions will apply to all listed companies, whether or not they seek green financing.
This move builds on recent climate action initiatives by the government. Pakistan has pledged to meet climate targets under its updated Nationally Determined Contributions. The Ministry of Climate Change also introduced the Pakistan Green Taxonomy to channel investment toward sectors critical for climate risk management.
Under the new proposal, the disclosure requirements will initially remain voluntary. A phased approach has been designed, with mandatory timelines expected to begin after 2029. This will allow companies time to adapt and strengthen their reporting systems.
The draft additions to the ESG guidelines are available on the official SECP website. Stakeholders have until October 22, 2025, to provide feedback. Suggestions can be sent to esg.reporting@secp.gov.pk.
The regulator has encouraged environmental experts, corporate leaders, and the general public to share input. This feedback will help SECP finalise the guidelines and formally integrate them into the ESG Disclosures 2023 framework.
Officials said the initiative is a key step toward aligning Pakistan’s corporate sector with international sustainability standards. By requiring companies to disclose climate-related and social impacts, the guidelines aim to improve investor confidence and support long-term economic stability.
The SECP believes that stronger ESG reporting will not only promote accountability but also attract more sustainable investment into the country.
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