Where does the current market stand on ESG:

These concerns are typically rated by a third-party organization, such as Sustainalytics, providing investors a way to measure a company’s environmental and social impact and assess its dedication to corporate responsibility and sustainability. ESG metrics track a number of areas such as carbon footprint, energy efficiency, water management, waste management, product safety, labor practices etc. They also include corporate governance factors such as board and executive compensation. In these modern times even the investors use ESG metrics to assess how well a company is adhering to responsible and sustainable practices and how likely it is to perform over the long-term.

At HarAik, we have and always will try to exceed our competitors, but we also learn from them and rest of the organizations in the market, big or small, who already pursue the ventures we tend to pursue or show interest in. For example, one of the biggest tech giants in the United States of America has showed a lot of promise and commitment to powering all of its facilities and offices worldwide with renewable energy and reducing its carbon footprint by a very large scale using only recycled and renewable materials when creating products while utilizing energy efficiency, environmental ratings and reporting guidelines as part of its ESG plan. Similarly, looking over to the corporate sector, last year a major European Bank also tilted its index towards fulfilling ESG requirements with more effort by introducing a new limits regime, restricting the share of assets issued by entities with a high carbon footprint that can be pledged as collateral and aims to further enhance its risk assessment tools and capabilities to better include climate-related risks.

How our we implementing ESG in our operations:

We at HarAik are motivated by these diverse ideas in the market and are inspired to implement them in our own yet better way in accordance with the needs of our areas of service, the demands of our present and potential clients, our employees, our work offices and generally the world we live in because we consider it our responsibility to think maturely about what kind of future world we would like to provide our services to.

As of now, considering how much our firm has developed over the past two years, we move forward by putting all three “environment, social and governance’ sides in accordance with the ESG requirement. For example, considering we have moved from a home-based office to three main scale offices in the big cities of Pakistan, we move forward by taking care of various social and governing factors like employee engagement, diversity equity and inclusion, privacy of data and its protection, for our clients who trust us with their own. We make sure of maintaining full tax transparency, comply with all the business ethics and prove regular in risk mitigation and governance.

We aspire to be nothing less than what is expected of us, that is to be perfect and we at HarAik Global Associates believe that perfection is not just acquired by providing services from the front but it’s a collection of ethics, work and responsibility in the background.

ESG services we offer to our clients:

Sure, we ensure these regulations for our own firm but that is not where we stop. Maintaining our recurring stance, we believe what we have, should be serviced to our clients as well. We believe in achieving more than our expectations by causing null amounts of damage not only to our surroundings, but to the future in which the generations that succeed us, live in. We offer policies, procedures, standards and strategies for our clients that allow long-term sustainability ranging from climate change to resource depletion, from data security to personnel security, diversity, transparency, and many others. We take our clients to be a community and deem it a necessity to provide them with these services as well, so we all grow together into a better future. We move forward by offering services to our clients however they need, full plans on how to accumulate ESG in their structure or directional assistance on a diverse set of options in ESG.