Climate Action Pakistan: Mobilink Bank, the top digital microfinance bank in Pakistan, has made significant progress in maintaining its leadership position in environmentally friendly banking operations.The Bank declared that its executive team has successfully finished an external training program on Environmental, Social, and Governance (ESG) principles. The Bank’s senior decision-makers now have the knowledge and abilities needed to incorporate ESG principles into the core of their business operations thanks to our comprehensive training program.
As a member of the VEON group, a worldwide digital operator, Mobilink Bank serves close to 160 million users in six vibrant markets that account for 7% of the world’s population. These customers receive integrated connectivity and digital services from the organization.Leading environmental consulting firm Zero Point Partners hosted the training in Islamabad. It was led by senior associate Aliza Aijaz and founder and CEO Maha Qasim, both of whom are experienced in giving banks and other financial institutions strategic and advisory support on creating GHG emissions inventories, net zero target-setting, decarbonization planning, impact assessments, ESG reporting, and gender mainstreaming.
Interim CEO of Mobilink Bank Haaris Mahmood Chaudhary stated, “Equipping ourselves with a strong foundation in ESG principles is not only essential for navigating the future of digital and financial landscape, but it aligns with our core values of social responsibility and sustainable growth.” The foundation of our economy women, farmers, and small businesses are particularly vulnerable to the effects of climate change.
Our “Change to Sustain” program, which is ESG centered, is promoting sustainability by providing them with access to renewable energy. We will be even more equipped to make wise decisions that will ensure its success and open the door for new endeavors thanks to this ESG leadership training.
“We are driven by the purpose of improving people’s lives and livelihoods through technology in an environmentally conscious and sustainable way,” stated Aamir Ibrahim, Chairman of Mobilink Bank. Our commitment to conserving natural resources and cutting waste is demonstrated by our adoption of eco-friendly methods and our emphasis on energy efficiency.
He went on: “We have accelerated gender-intentional green financing, primarily focusing on loans for solar applications in agriculture to promote renewable energy, in light of the impact of climate change our country has been witnessing.” Our goal is to leave a lasting social and environmental effect on society by incorporating ESG principles into every facet of our business, including sound governance procedures and community involvement.
Romina Khurshid Alam, the Prime Minister’s Coordinator for Climate Change and Environmental Coordination, also offered her opinions, saying, “I must commend Mobilink Bank for their focus on sustainability.” Their approach demonstrates a dedication to social impact, ethical governance, and environmental responsibility while smoothly aligning with national goals. Robust environmental standards and procedures are now essential to any organization’s long-term success, not just a luxury.
These environmental projects will improve our country’s health for future generations in addition to Mobilink Bank’s financial success.With its “Change to Sustain” campaign, Mobilink Bank is putting ESG principles first and taking big steps toward a more sustainable future. A PKR 1.7 billion solar finance portfolio set aside for SMEs and women serves as an example of this commitment, and by the end of 2024, it is expected to grow to PKR 2.5 billion.
