Climate Change Data

Environmental Metrics

ESG Focus Areas

• Education
• Health
• Social Welfare
• Environment
• Youth Development
• Sports
• Women Economic Empowerment
• Employee Well-being

Environmental Achievements

• Focused on maintaining a clean, distant and hygienic environment for stakeholders accessing Bank premises due to COVID-19.

Social Achievements

• Provided funds to various organizations for education, healthcare, and social welfare initiatives, including COVID-19 relief efforts.
• Launched an Employee Welfare Programme providing financial assistance for health emergencies, marriage, education, and other needs.
• Collaborated with the Government of Pakistan on the Ehsaas Emergency Cash Disbursement Programme.
• Partnered with NGOs to distribute rations to needy families.
• Implemented Employee Volunteering Leave of up to two days.

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• COVID-19 pandemic and its impact on communities and employees.

Mitigation Strategies

• Provided financial support to various organizations for COVID-19 relief efforts.
• Launched an Employee Welfare Programme to support employees during the pandemic.
• Implemented a COVID Relief Fund for employee medical expenses.
• Launched e-learning programs on stress resilience and well-being for employees.
• Conducted employee well-being surveys and check-ins.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Social Capital
• Economic Capital
• Environment Capital

Environmental Achievements

• 150 solar-powered ATMs
• Reduced paper consumption through digitization
• Planting 15,000 mangrove trees

Social Achievements

• PKR 1.24 billion disbursed for flood relief and rehabilitation
• Supported over 15,000 patients through mobile health vans and emergency room reconstruction
• Provided housing facilities to flood-affected communities
• Supported education of over 2,200 students
• Recognised as one of the ‘Most Inclusive Organisations’ by Global Diversity, Equity and Inclusion Benchmarks (GDEIB) Awards in 15 categories

Governance Achievements

• Adoption of State Bank of Pakistan’s (SBP) Environmental and Social Risk Management (ESRM) framework
• Collaboration with IFC for Green Banking roadmap development
• Revised Corporate Social Responsibility and philanthropy guidelines

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to ESG related factors
• Reputational risk arising from regulatory non-compliance
• Country risk due to international lending and cross-border exposures
• Cybersecurity risks

Mitigation Strategies

• Sustainable procurement policy
• Robust country risk management framework
• Comprehensive Business Resilience/Disaster Recovery Plan
• Multilayered Cybersecurity Action Plan

Supply Chain Management

Responsible Procurement

• Sustainable/Green Procurement guidelines
• Use of FSC and PEFC certi/f_icated paper

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Third-party Assurance: Corporate Social Responsibility Centre Pakistan (CSRCP)

UN Sustainable Development Goals

• Goal 1
• Goal 3
• Goal 4
• Goal 5
• Goal 6
• Goal 7
• Goal 8
• Goal 10
• Goal 11
• Goal 13
• Goal 17

The report details how various initiatives contribute to these goals.

Sustainable Products & Innovation

• Alfalah Green Energy

Awards & Recognition

• Best Digital Bank award (two consecutive years)
• GDEIB Awards (15 categories)