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.
Industry sectors covered by the instrument
Organizations covered by the instrument
Type of instrument
Code of conduct or guideline
Mandatory or voluntary
The geographical scope