Mizan

Five Pakistani commercial banks score low on policy commitments to climate change, human rights, gender equality, tax and labour rights, among others

Retrieved on: 
Thursday, December 14, 2023
Disclosure, Management science, Habib Bank Limited, Human rights, NBP, Climate change, Policy, University of Lahore, Meezan Bank, HBL, MCB Bank, National Bank of Pakistan, FFP, Nature, Corruption, Allied Bank, National bank, Fair Finance Watch, Benchmarking, Methodology, LUMS, Real estate, Renewable energy, Toque Profundo, Mizan, MCB

ISLAMABAD, Dec. 14, 2023 /PRNewswire/ -- Policy rankings of five commercial banks in Pakistan show disclosure gaps and low policy commitments on climate change, human rights, gender equality, and labour rights., while none disclose policies on nature and tax when lending money to companies.

Key Points: 
  • ISLAMABAD, Dec. 14, 2023 /PRNewswire/ -- Policy rankings of five commercial banks in Pakistan show disclosure gaps and low policy commitments on climate change, human rights, gender equality, and labour rights., while none disclose policies on nature and tax when lending money to companies.
  • Fair Finance Pakistan (FFP) has launched its first ever policy rankings of five leading commercial banks in Pakistan with the support of Lahore University of Management Sciences (LUMS) and Profundo.
  • All five banks scored less than 1 out of 10 in human rights and labour rights policy ratings.
  • None of the banks disclosed human rights policies related to their investment or financing, neither have they formulated public labor rights expectations for their clients and investee companies.

Five Pakistani commercial banks score low on policy commitments to climate change, human rights, gender equality, tax and labour rights, among others

Retrieved on: 
Thursday, December 14, 2023
Disclosure, Management science, Habib Bank Limited, Human rights, NBP, Climate change, Policy, University of Lahore, Meezan Bank, HBL, MCB Bank, National Bank of Pakistan, FFP, Nature, Corruption, Allied Bank, National bank, Fair Finance Watch, Benchmarking, Methodology, LUMS, Real estate, Renewable energy, Toque Profundo, Mizan, MCB

ISLAMABAD, Dec. 13, 2023 /PRNewswire/ -- Policy rankings of five commercial banks in Pakistan show disclosure gaps and low policy commitments on climate change, human rights, gender equality, and labour rights., while none disclose policies on nature and tax when lending money to companies.

Key Points: 
  • ISLAMABAD, Dec. 13, 2023 /PRNewswire/ -- Policy rankings of five commercial banks in Pakistan show disclosure gaps and low policy commitments on climate change, human rights, gender equality, and labour rights., while none disclose policies on nature and tax when lending money to companies.
  • Fair Finance Pakistan (FFP) has launched its first ever policy rankings of five leading commercial banks in Pakistan with the support of Lahore University of Management Sciences (LUMS) and Profundo.
  • All five banks scored less than 1 out of 10 in human rights and labour rights policy ratings.
  • None of the banks disclosed human rights policies related to their investment or financing, neither have they formulated public labor rights expectations for their clients and investee companies.