PSX partners with London Stock Exchange Group

In a landmark development, the Pakistan Stock Exchange (PSX) has signed a collaborative understanding with LSEG (London Stock Exchange Group) on Environment, Social, and Governance (ESG). Under this mutual understanding, both companies will work to develop a suite of standardised ESG data tools for PSX-listed companies to report their ESG data, according to a PSX press statement. This understanding benefits PSX and listed companies by providing ESG scoring and enhancing the visibility of Pakistani companies on international ESG radars. Additionally, it lays the groundwork for an ESG Index planned by PSX in the future, aligning with PSX’s vision on ESG and marking a significant step in the Exchange’s ESG journey. Through this collaboration, PSX will encourage listed companies to adopt ESG reporting in line with global standards. Furthermore, it supports the ESG Taskforce established by PSX to bolster the adoption of ESG standards. PSX also plans to hold training sessions with LSEG to raise awareness and build capacity for listed companies on ESG reporting.