The floods, attributed to a 1.2-degree Celsius rise in global temperatures and exacerbated by factors such as melting Himalayan glaciers and land-use changes, inflicted staggering damages, estimated at Rs3.2 trillion (USD 14.9 billion), with recovery needs soaring to Rs3.5 trillion (USD 16.3 billion).
Similarly, Pakistan’s nascent adherence to digital environmental, social, and governance (ESG) regulations reflects the global shift towards corporate accountability concerning environmental and social welfare. These regulations serve as a barometer for conscientious investors, evaluating factors ranging from energy efficiency to ethical wildlife treatment and citizen well-being. Governance standards are the underscore principles of transparency and an adherence to legal norms.
