Climate Risk and
Decarbonisation Strategy
Understand what climate risk means for your business and accelerate your decarbonisation plans.
Environmental, Social and Governance
Embed ESG into your operations and governance
Overview
ESG is no longer a choice; it is imperative
Companies, both globally and in Pakistan, have a heightened awareness of environmental, social and governance (ESG) issues as investors, regulators, employees, and the community at large are demanding greater transparency and board accountability. Organizations that prioritize ESG can drive value and mitigate risks to operations and the bottom line over time.
In Pakistan, new mandatory reporting standards are rapidly emerging, driven by the Securities and Exchange Commission of Pakistan's (SECP) phased adoption of IFRS Sustainability Disclosure Standards (S1 and S2). As such, lenders and investors are increasingly withdrawing funding from and voting against businesses that fail to consider ESG factors. The ESG narrative is dominated by various reporting frameworks, ecolabels, and standards, with investors demanding adherence to reporting outlines that are measurable, comparable, transparent, and holistic.
The regulatory landscape in Pakistan is shifting from voluntary to compulsory reporting. Historically, companies disclosed Corporate Social Responsibility (CSR) activities in their annual financial statements under the 'Corporate Social Responsibility (CSR)-Order, 2009'. This has evolved with the adoption of the United Nations Sustainable Development Goals (UN SDGs) and the implementation of sustainability initiatives under 'Pakistan Vision 2025', along with corresponding reporting requirements under corporate laws, alongside as the upcoming IFRS S1 and S2 requirements.
Putting the ESG agenda at the heart of everything we do
THK firms believe that sustainable growth is the only way to build a successful business and have a lasting impact on our environment and society. ESG is at the heart of everything we do at THK.
We analyze what we can and should be doing to meet our responsibility to help shape a better future by doing what we do best - solving problems to make lasting, meaningful change. Each of us has the ability to take ownership and lead on these issues, and we through this workshop are proud to highlight how we can make a better impact in whatever we do for the people, planet and prosperity.
Explore
Our Focus Areas
Climate Risk and
ESG
AssuranceUnderstand and increase confidence in ESG disclosures
Sustainability
Due DiligenceAdvice for public and private companies on matters related to Due Diligence in context of M&A transactions, specifically focused on identifying ESG...
ESG in Financial
ServicesFinancial players are the engine driving the ESG transition not only for themselves but the whole economy.
ESG
ReportingUnderstand what ESG metrics you should be gathering and be confident in your ESG reporting.
ESG
StrategyDevelop an ESG strategy that accelerates your journey to becoming a sustainable business.
IDE: Inclusion,
Diversity & EquityEmbed inclusion, diversity and equity to deliver social and commercial impact
Social and Sustainable
Supply ChainHow are you ensuring your supply chain is resilient, ethical, and aligned with your sustainability goals?
ESG
TaxSustainability-related regulations increasingly use tax measures, incentives and reporting requirements to influence business behaviour and support environmental and social objectives.
ESG
LegalThe rapid expansion of sustainability regulations has created new legal obligations and risks for organisations across industries.
