The Overseas Investors Chamber of Commerce and Industry (OICCI) hosted a high-level session on the Pakistan Green Taxonomy (PGT) and ESG Disclosure Guidelines on Wednesday, bringing together top business executives and industry stakeholders to address the critical financial path toward Pakistan’s 2035 climate targets.
OICCI hosted an interactive ESG-focused workshop on Pakistan Green Taxonomy, led by Mr. Farrukh Rehman, Chairman of the Sustainability Working Group at the Institute of Chartered Accountants of Pakistan (ICAP). The workshop commenced with opening remarks by OICCI Secretary… pic.twitter.com/6C8Oa9JPQK
— OICCI (@oicci_pakistan) January 13, 2026
During the session, it was revealed that Pakistan requires a staggering $565.7 billion in investment to achieve its Nationally Determined Contributions (NDC) 3.0. These ambitious commitments include:
- A combined 50% reduction in greenhouse gas emissions (17% unconditional, 33% conditional).
- A transition to 60% renewable energy in the national grid.
- A 30% increase in electric vehicle (EV) adoption across the country.
Aligning Capital with Sustainability
The session emphasized that mobilizing this volume of capital depends heavily on the Pakistan Green Taxonomy (PGT), launched by the State Bank of Pakistan (SBP). The PGT provides a standardized classification system to identify economic activities that contribute to climate mitigation, sustainable water use, and circular economy practices.
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Complementing this framework, the Securities and Exchange Commission of Pakistan (SECP) recently issued revised ESG Disclosure Guidelines for listed companies. These guidelines, which will transition to mandatory reporting between 2029 and 2031, ensure that corporate sustainability reporting is transparent, structured, and aligned with international standards.
Farrukh Rehman, a leading expert on climate regulatory compliance, addressed the gathering on the necessity of these frameworks. “Integrating PGT into ESG reporting is not just a regulatory requirement; it is a roadmap for businesses,” Rehman stated. “Transparent reporting is the primary vehicle to attract sustainable global investment and align private sector operations with national environmental and social goals.”
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