Skip to main content

PSX: Refinitiv ESG Contribution Tool

"Given the present-day significance and importance of ESG concerns, it is now imperative and imminent to adhere to and report on ESG linked data crucial for sustainability assessment of the businesses and informed investment decision making. In this context, PSX had signed a collaborative understanding with (London Stock Exchange Group’s) Refinitiv on ESG. Under this mutual agreement, Refinitiv’s ESG Contribution Tool is available to the listed companies for their ESG data reporting. This Contribution Tool will not only enable presenting a standardized ESG scoring by Refinitiv for contributing PSX listed companies but will also enhance the visibility of Pakistan’s companies on the international ESG radar. Following that, PSX and Refinitiv, a London Stock Exchange Group (LSEG) company, jointly launched an ESG Contribution Tool on 18th April 2024 in an online session to the listed companies in Pakistan. " - Excerpt from PSX Annual Report

See this primer on Environment, Social and Governance (ESG).








Labels:

Popular posts from this blog

Brent Crude Logs Biggest Weekly Drop Since September on Weak Demand, Easing Tensions

Oil prices were under pressure this week. Brent crude oil futures fell 1.9% to $73 per barrel on Friday, registering the biggest weekly loss since early September, with prices dropping over 7%. The decline was attributed to weaker demand forecasts from OPEC and the International Energy Agency (IEA), slowing economic growth in China, and signs of easing geopolitical tensions in the Middle East. Both OPEC and the IEA revised down their demand forecasts for 2024 and 2025. China's refinery output declined for the sixth consecutive month, impacted by weak fuel demand and the growing adoption of electric vehicles (EVs). Meanwhile, U.S. crude oil production reached a new record last week. Although a drawdown in U.S. crude inventories and stronger-than-expected retail sales in September provided some support to oil prices, easing concerns about a broader conflict in the Middle East exerted additional downward pressure on the market.
Read more
 A Snapshot of Exchange Traded Funds at PSX
Read more

PSX Strongly Rebounds

The Pakistan Stock Exchange (PSX) reacted positively to the conclusion of the IMF staff-level agreement and has now recovered a substantial part of the losses sustained on Monday. Today, out of the 1,139-point gain in the KSE-100 Index, around 800 points were contributed by UBL, OGDC, PPL, and Meezan Bank.
Read more