Corporate Social Responsibility (CSR) Voluntary Guidelines, 2013

Pakistan Current 2013

The Securities and Exchange Commission of Pakistan (SECP) launched the draft CSR Voluntary Guidelines 2012 with a focus on streamlining diverse elements of corporate disclosure, transparency and accountability. The guidelines are applicable to all public companies that have initiated or intend to initiate CSR activities. It is expected that all public companies shall endeavor to adopt business models that complement the recommended guidelines with a focus on fair, transparent and responsible business practices. The guidelines require that companies shall have a CSR policy in place which will be endorsed by the directors. The CSR policy shall be accompanied by reporting and broad indicators relating to commitment of management, implementation, monitoring and evaluation.

Scope

General sustainability/ESG/non-financial

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

Listed companies

Issuer type

Financial Regulators

Type of instrument

Code of conduct or guideline

Mandatory or voluntary

Voluntary

The geographical scope

National/federal

Project Partners