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The writer is a climate activist and author. He can be contacted at [email protected]
In global finance, Environmental, Social and Governance (ESG) principles are being marketed as a quiet revolution. Capital, we are told, has discovered a conscience, and sustainability now walks hand in hand with profitability. With ESG-linked assets forming a growing share of global investment, the message for Pakistan seems straightforward: align with ESG or risk being left behind.
But before embracing this narrative, a harder question must be asked. Is ESG in Pakistan becoming a genuine tool to protect people and the planet, or is it drifting toward yet another well-crafted framework that looks impressive on paper while leaving structural damage intact?
Pakistan sits at the intersection of overlapping crises. It ranks poorly on global competitiveness, remains among the most climate-vulnerable countries and faces recurring floods
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