Pakistan stands at a critical crossroads. Identified by the World Bank as one of the countries most vulnerable to climate change, the nation faces mounting environmental challenges that threaten its agricultural backbone and economic stability. Yet within this vulnerability lies unprecedented opportunity, a chance to transform Pakistan’s economy through sustainable business practices and green finance.
A comprehensive new report from ACCA (Association of Chartered Certified Accountants) and the Pakistan Business Council (PBC) reveals how the country can build a robust case for green business, turning climate challenges into competitive advantages through strategic sustainable investing and enhanced corporate reporting.
The sustainability imperative
The numbers paint a stark picture. A Boston Consulting Group study estimates that by 2050, South Asia faces the highest climate risk exposure globally at 15% of GDP if current policies remain unchanged. For Pakistan specifically, this translates to a funding gap of 16.1% of GDP, significantly steeper than the global average, to achieve sustainable development goals. The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
