Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Youth Empowerment
• Gender Equality
• Environmental Sustainability
• Financial Inclusion
• Community Development
• Good Governance
• Employee Development

Environmental Achievements

• Became the first bank in Pakistan to be approved by the Green Climate Fund (GCF) Pakistan Board to apply for funding from GCF.
• Became the first commercial bank in Pakistan to be accredited by WWF as a Green Office.
• Implemented managed printing solutions across branches to reduce carbon footprint and printing costs.
• Solarized over 100 branches.

Social Achievements

• Empowered youth by offering loan facilities under the Prime Minister’s Youth Business Loan (PMYBL) Program.
• Partnered with Careem Networks and Nestle Pakistan under PMYBL.
• Developed and amended policies such as the Equal Opportunity Employment and Gender Policy.
• Donated 94,000 Ramadan Iftaar meals.
• Supported the Karachi Biennale.
• Supported various community initiatives through the Mahvash and Jahangir Siddiqui Foundation (MJSF).
• Launched J-Cash branchless banking initiative with over 32,000 agents.

Governance Achievements

• Updated Equal Opportunity Employment and Gender Policies.
• Updated Procurement Policy to integrate environmentally and socially responsible vendors.
• Included ‘Environmental Sustainability’ in its Code of Conduct.
• Maintained compliance with the Securities and Exchange Commission of Pakistan’s (SECP) Code of Corporate Governance (CCG).

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Updated Procurement Policy to integrate environmentally and socially responsible vendors.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Green Office Initiative by WWF Pakistan

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• JS Ghar Apna Solar Panels

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Published its second ESG Report in 2019 (following the first in 2018), becoming the first bank in Pakistan to do so.

Social Achievements

• Organized Iftars for underprivileged people during Ramadan in collaboration with MJSF, serving over half a million Iftar meals since 2013.
• Partnership with NOWPDP to provide financing facilities to differently-abled entrepreneurs.
• Collaboration with TPL Life Insurance to provide life insurance coverage to agriculture finance customers.
• Employee engagement initiatives by the phone banking team, including a picnic and Iftar dinner.

Governance Achievements

• Successfully carried out and submitted the second formal annual reporting of the Conduct Assessment Framework (CAF) for the year 2018 to the SBP.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Green Banking
• Community Development
• Sustainable Development
• Environmental Risk Management
• Gender Equality
• Diversity & Inclusion

Environmental Achievements

• Pakistan’s first and only financial institution accredited by the Green Climate Fund (GCF)
• Fully compliant with the State Bank of Pakistan’s Green Banking Guidelines
• Head Office is Green-Office certified for three years in a row
• Successfully financed over 120 Solar projects
• Deployed approximately 5 MW worth of solar panel systems with a further 18 MW under process
• Published its Environmental, Social and Governance (ESG) Report for the second year in a row

Social Achievements

• Partnering with organizations working in the fields of emotional and psychological health, gender, violence against women and children, education and the psychological and reproductive health of adolescents
• Extended support for humanitarian relief in areas affected by flash floods in the Sindh province

Governance Achievements

• Board follows comprehensive criteria for its performance evaluation as per regulator guidelines and international best practices
• Ensuring good corporate governance through ethical and professional business conduct as well as effective risk and audit management
• Published its Environmental, Social and Governance (ESG) Report for the second year in a row
• Complied with the Listed Companies (Code of Corporate Governance) Regulations, 2019

Climate Goals & Targets

Environmental Challenges

• Offset of the legacy PIB portfolio impacted overall profitability
• Increased policy rate led to negative growth in the Large-Scale Manufacturing (LSM) sector
• Headline inflation remained a key concern

Mitigation Strategies

• Launched multiple targeted offerings aimed at a diverse customer base
• Undertook a program of consolidation and cost economization
• Developed and fully implemented SBP’s Green Banking Guidelines
• Strengthened its ability to prevent, detect and respond to cyber-attacks

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• Green financing
• Solar Panel financing solutions
• SME lending solutions

Awards & Recognition

• Pakistan’s Best Mid-Sized Retail Bank
• Pakistan’s Best Consumer Finance Products
• Pakistan’s Best SME Bank at the Asian Banking & Finance Awards 2019
• Best Bank for SME at Asiamoney Awards 2019
• Best Payment Technology /Solution Provider at the DIGI Awards 2019

Environmental Metrics

ESG Focus Areas

• Sustainable development
• Responsible business
• Community responsibility
• Gender equality
• Disability inclusion
• Climate action
• Green financing

Environmental Achievements

• Fully compliant with State Bank of Pakistan Green Banking Guidelines
• First and only Pakistani financial institution accredited by the Green Climate Fund (GCF)
• Green Office certified for five consecutive years
• Solarized 113 branches (over 33% of total branch network)
• Financed over 226 solar projects in 2021 (commercial, residential, agriculture)

Social Achievements

• Launched Karachi’s first drive-through vaccination center (50,000+ vaccinated)
• Launched ‘Uraan’ initiative for disability inclusion, onboarding 25 interns and hiring 22 permanently
• Implemented Reboot program for women returning to work after a career break
• Won Global Diversity and Inclusion benchmark award for 2020 and 2021

Governance Achievements

• Strong corporate governance practices
• Effective risk and audit management
• Annual evaluation of Board performance by Grant Thornton Anjum Rahman
• Comprehensive system of internal controls
• Compliance with SBP and SECP directives

Climate Goals & Targets

Environmental Challenges

• Economic challenges including inflation, currency depreciation, and current account deficit
• Regulatory risks
• Maintaining a strong capital base while managing growth

Mitigation Strategies

• Focus on core profitability and cost optimization
• Prudent expansion in advances and deposit mobilization
• Diversified fee business
• Strong risk management framework
• Maintaining capital adequacy above regulatory requirements

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Certifications: Green Office Certification

UN Sustainable Development Goals

• Goal 5: Gender equality
• Goal 7: Affordable and clean energy
• Goal 10: Reduced inequalities
• Goal 11: Sustainable cities and communities
• Goal 13: Climate action
• Goal 3: Good health and well-being

Initiatives described in the Sustainability and Corporate Social Responsibility section

Sustainable Products & Innovation

• Green financing solutions (solar panel financing)

Awards & Recognition

• Best Bank for SMEs – Pakistan
• Asiamoney Award – Best SME Bank – Pakistan
• GBO Awards – SME Bank of the Year, Pakistan
• Asian Banking Finance Retail Banking Award
• Global Diversity and Inclusion benchmark award (2020 and 2021)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Reduced carbon footprint by 11.7%, saving 329 trees.
• Financed over 385+ solar projects for residential and agriculture purposes, deploying approximately 5600 KV worth of solar panel systems.
• Solarized 113 branches (over 33% of total branch network).

Social Achievements

• Launched JS Thrive initiative focusing on mental health, healthcare access, and work-life balance.
• Contributed more than PKR 208 Mn to Future Trust.
• Pinktober campaign for breast cancer awareness.
• Project Uraan, offering career opportunities to Persons with Disabilities (25 internships, 22 permanent positions).
• JS Her account for women, with over 2,000 accounts opened.
• JS Khud Mukhtar financing solution for businesswomen, disbursing PKR 129M in 2023.
• Supported PM Youth Program, disbursing PKR 399M in 2023.
• Provided relief efforts during 2022 floods, treating over 10,000 people and distributing aid.

Governance Achievements

• Established Green Banking Office.
• First commercial bank in Pakistan certified by WWF-Pakistan for Green Office Initiative.
• First private sector entity in Pakistan accredited by Green Climate Fund (GCF).
• Implemented Oracle Cloud for procurement, slashing costs.
• Implemented various digital initiatives to reduce paper usage and improve efficiency.

Climate Goals & Targets

Environmental Challenges

• Climate change impacts in Pakistan (floods, etc.)
• Need to increase renewable energy usage.
• Reducing paper consumption.
• Improving access to financial services for PWDs.

Mitigation Strategies

• Implemented Environmental and Social Risk Management Framework.
• Partnered with GCF for Pakistan Distributed Solar Project.
• Implemented digital banking initiatives (Zindigi, JS Mobile App, JS Bot, JS Internet Banking).
• Established Green Banking Office.
• Upgraded 8 branches to be accessible to PWDs.
• Partnered with NOWPDP for PWD employment.

Supply Chain Management

Responsible Procurement

• Oracle Cloud for self-service requisitioning.

Climate-Related Risks & Opportunities

Physical Risks

• Floods

Transition Risks

• Not disclosed

Opportunities

• Growth in renewable energy financing.

Reporting Standards

Frameworks Used: UN SDGs

Certifications: WWF-Pakistan Green Office Certification

UN Sustainable Development Goals

• SDG 3 (Good Health and Well-being)
• SDG 7 (Affordable and Clean Energy)
• SDG 8 (Decent Work and Economic Growth)
• SDG 10 (Reduced Inequalities)
• SDG 13 (Climate Action)

JS Bank's initiatives contribute to these goals through various programs and investments.

Sustainable Products & Innovation

• JS Ghar Apna (solar panel financing)
• JS Zarkhez (solar tubewell financing)
• JS Smart Roshni (SME solar financing)

Awards & Recognition

• Asia Technology Award for Zindigi
• Best Digital Startup Award for Zindigi
• Global Diversity and Inclusion Award 2020 and 2021

Environmental Metrics

ESG Focus Areas

• Diversity, Equity and Inclusion (DEI)
• Environmental Sustainability
• Governance
• Social Impact
• Financial Inclusion

Environmental Achievements

• Reduced paper usage by 14% in offices and 17% in branches through controlled printing, duplex capability, and user tracking systems.
• Observed Earth Hour and World Water Day, promoting sustainable practices and water management.

Social Achievements

• Launched Banking on Equality section on website, showcasing dedication to financial inclusion and women's empowerment.
• Held Banking on Equality sessions at educational institutions, with over 100 women entrepreneurs participating.
• Launched speed mentoring and networking program for female staff.
• Launched Women's Leadership Development Program.
• Welcomed first batch of 63 female Universal Tellers.
• Introduced childcare assistance program for working mothers.
• Revamped House Loan Policy to make home ownership more achievable.
• Enhanced staff car loan program.
• Celebrated International Women's Day, honoring women's achievements and supporting women's entrepreneurship.
• Launched two female-centric Debit Cards: Her Women’s Debit Card and Her Zindigi Debit Card.
• Launched Her Entrepreneurial Community for home-based women entrepreneurs.
• Participated in 10 Career Fairs, engaging with emerging talents.

Governance Achievements

• Launched and released Environmental, Social & Governance Report 2023.
• Conducted training sessions focused on Anti-Money Laundering (AML), Counter-Financing of Terrorism (CFT), and compliance-related issues.
• Received the GDEIB (Global Diversity, Equity and Inclusion Benchmarks) award in the Progressive category.
• Banking on Equality Mystery Shopping Huddles with Customer Experience Team to ensure nationwide compliance with BOE policy directives.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• GDEIB (Global Diversity, Equity and Inclusion Benchmarks) award in the Progressive category