Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Implemented processes to reduce the impacts of its operations, including periodic cleaning of septic tanks, ensuring the operation of a wastewater treatment facility, periodic monitoring of effluents, and a "Clean n Green Environment" awareness program.
• Developed its own captive power plant to reduce pressure on the energy sector.
• Implemented energy conservation endeavors, including awareness seminars, pictorial instructions, company-wide mandates to turn off equipment, replacement of lighting with LEDs, and designing new structures to utilize natural lighting.
• Manufactured products that are "Environmentally Friendly", resulting in electricity conservation due to lower line losses and reducing deforestation through Alum-ex.
• Certified for ISO 14001:2015 (Environmental Management System).

Social Achievements

• Social spend of over Rs. 8.8 million, including CSR activities and donations.
• Established a scholarship fund with the University of Engineering and Technology (UET), awarding scholarships to deserving students.
• Co-sponsored the distribution of 400 units of Lifestraw® in Balochistan.
• Donated to various welfare trusts and NGOs.
• Accelerated efforts in creating awareness among consumers on counterfeit products and promoted its Product Verification Facility.
• Maintained a discrimination-free environment and strived towards providing an empowering, safe and conducive environment for women.
• Celebrated International Women’s Day and "Pinktober" with awareness seminars.
• Implemented a harassment policy with a zero-tolerance approach.
• Employed one person with special needs.
• Implemented a comprehensive Health, Safety and Environment (HSE) management system and an HSE policy.

Governance Achievements

• Implemented a strong governance framework.
• Carried out an annual self-assessment to determine the effectiveness and performance of the Board of Directors.
• Approved an Environmental, Social and Governance (ESG) policy.
• Approved a policy on Governance of Risks and Internal Control Policy.
• Approved a Business Continuity Plan and a Disaster Recovery Plan.
• Approved formal policies for conducting business and monitoring/mitigating risks.
• Implemented a transparent procedure for fixing the remuneration of Directors.
• Implemented a conflict of interest policy.
• Implemented a Related Party Transactions Policy.
• Implemented a whistleblowing mechanism.
• Maintained diligent and accurate communication with shareholders.

Climate Goals & Targets

Environmental Challenges

• Persistent pricing pressure, currency devaluation, imposition of ad-hoc levies, and increasing costs of doing business.
• Slowdown in residential and industrial activity, resulting in a competitive market and pressure on margins.
• Rising input costs due to the depreciating value of the rupee against the US dollar.
• Increase in imports of cables for projects with special exemptions, putting the local industry at a disadvantage.
• Enhanced capacities in the cable industry tightening pricing for domestic projects.
• Breach of IT security.
• Foreign exchange risk.
• Energy unavailability.
• Nationwide energy crisis.
• Loss of key personnel.
• Changing technological requirements rendering existing products obsolete.
• Changing specifications and market trends.

Mitigation Strategies

• Efforts to improve shareholders’ value through efficiency enhancement and diversified initiatives.
• Business process re-engineering activities to optimize activities and benefit from technological advances.
• Initiatives to improve efficiencies, improve lead times, lower inventories, and reduce wastages.
• Optimizing systems to ensure proper visibility and monitoring of key metrics.
• Capacity enhancement investments in higher potential value streams.
• Adding ACCC conductor to the product mix.
• Promoting Lean Six Sigma culture.
• Grooming young engineering employees to deploy Lean Six Sigma.
• Comprehensive product development program.
• Type testing of Low Smoke Zero Halogen (LSZH) power cables by KEMA Laboratory.
• Developing new factory premises in Nooriabad, Sindh.
• Lobbying for change in Governmental policies to protect indigenous industry.
• Comprehensive risk management and procurement strategies to mitigate fluctuations in metal prices.
• Engaging third parties for IP protection and introducing a product verification system.
• Identifying the right mix and quantity of products to keep in inventory.
• Stringent IT controls, regular audits, and monitoring of IT controls.
• Reduced exposure to borrowings in foreign currencies and constant monitoring of exchange rates.
• Establishment of a captive power plant and taking advantage of Government gas allocations.
• Development of a comprehensive succession plan.

Supply Chain Management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

• ACCC conductor

Awards & Recognition

• FPCCI Merit Export Award (2017-18)
• Corporate Social Responsibility Award 2019 (National Forum for Environment and Health)
• 2nd prize in the OHS Best Practices Award 2018 (Employers Federation of Pakistan)
• Recognition shield in the Living the Global Compact Business Sustainability Award 2018 (Employer Federation Pakistan)

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Reduced carbon footprint through energy conservation initiatives (LED lighting, energy savers, waste heat recovery)
• ISO 14001:2015 certified for Environmental Management System
• First Pakistani cable manufacturer with KEMA certified LSZH Power Cables
• Implementation of Plastic 4R's (Reduce/ Re-use/ Recycle/ Replacement) methodology

Social Achievements

• CSR spend of over Rs. 5.08 million including donations to Anjuman-e-Hasani, HOPE, NOWPDP, Pursukoon Karachi Society, UET Lahore, and Zubaida Machiyara Trust
• Collaboration with NOWPDP to support the Inclusion Academy for differently-abled children
• Pakistan Cables-UET Scholarship Fund for Electrical Engineering students
• COVID-19 relief fund donation of Rs. two million to Karachi Relief Trust
• Digital public awareness campaign on social distancing
• Celebrated International Women’s Day with female employee engagement activities

Governance Achievements

• Strong governance framework supporting effective and prudent management
• Separate offices of Chairman and CEO with clear division of roles
• Annual self-assessment of Board of Directors' effectiveness
• Formal and transparent procedures for directors' remuneration
• Policy on Governance of Risks and Internal Control Policy
• Business Continuity Plan and Disaster Recovery Plan
• Related Party Transactions Policy and Related Party register
• Policy on insider trading and closed periods
• Whistle-blowing policy

Climate Goals & Targets

Environmental Challenges

• Adverse economic conditions in Pakistan
• COVID-19 pandemic and resulting lockdowns
• Significant devaluation of the rupee against the US dollar
• Increased competition in the market
• Slowdown in construction activity
• Increase in imports of cables and wires
• Volatility in prices of metals (copper and aluminum)
• Low-quality cables and counterfeit products from the unorganized sector
• Energy unavailability
• Foreign exchange risk
• Loss of key personnel
• Rising energy costs
• Uncertainty around Pak Rupee/US Dollar parity
• Growth in import of cables due to duty exemptions for certain projects

Mitigation Strategies

• Business process re-engineering to optimize activities
• Implementation of Operational Performance Management (OPM) ERP module
• Capacity enhancement investments in higher potential value streams
• Introduction of new products (ACCC conductor) to meet evolving customer needs
• Promotion of Lean Six Sigma culture for continuous improvement
• Comprehensive risk management and procurement strategies
• Product verification system to counter counterfeit products
• Establishment of a captive power plant
• Reduced exposure to borrowings in foreign currencies
• Development of a comprehensive succession plan
• Cost-cutting measures
• Aggressive sales efforts
• Proactive engagement with the Government on issues impacting the local industry

Supply Chain Management

Responsible Procurement

• Selection of world’s best quality raw materials

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Companies Act 2017, Listed Companies (Code of Corporate Governance) Regulations 2019, International Financial Reporting Standards (IFRS)

Certifications: ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, KEMA Gold certification for LSZH Power Cables

Third-party Assurance: KPMG Taseer Hadi & Co. Chartered Accountants

Sustainable Products & Innovation

• ACCC conductor
• Low Smoke Zero Halogen (LSZH) power cables
• Alumex (aluminum sections)

Awards & Recognition

• 43rd FPCCI Merit Award for Exports
• 7th FPCCI Award for contribution towards technological advancement for ACCC conductors
• 14th Consumer Choice Award
• Merit Award in the Best Corporate and Sustainability Report Award Completion 2019 in the Engineering Sector
• National Forum for Environment and Health’s Annual Environment Excellence Awards

Environmental Metrics

ESG Focus Areas

• Sustainability
• Safety
• Quality
• Operational excellence
• CSR

Environmental Achievements

• Reduced carbon footprint through 2MW solar energy at Nooriabad factory
• Water conserved (45,000 gallons)
• Storm water storage (300,000 gallons)
• Urban Forest (2.5 acres, 40,000+ trees)
• LEED certification for Nooriabad office building
• Effluent treatment plant

Social Achievements

• Various CSR collaborations and platforms including public outreach initiatives, solar lamp and LifeStraw distribution, training lab and inclusion academy, scholarship funds, and Covid support donations.
• ASCEND scholarship program for female engineers

Governance Achievements

• Commitment to Race to Zero pledge for net-zero emissions by 2050
• Numerous awards and certifications demonstrating commitment to quality and sustainability

Climate Goals & Targets

Environmental Challenges

• Uncertainty with respect to economic situation may impact demand in the medium term
• Slow down in cement sales
• Copper prices trending downward
• Continued weakness in PKR

Mitigation Strategies

• Not disclosed

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: ISO 9001:2008, KEMA (multiple certifications), CE, LEED

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Superbrands Pakistan’s Choice Award
• FPCCI Export Trophy
• Employer of the Year Award
• Best Practices Award in Occupational Health and Safety
• NFEH CSR Award
• Consumer’s Choice Award
• FPCCI Achievement award for PCL E-Store
• Achievement Award for Outstanding Performance from the President of Pakistan
• Best Corporate Report from ICAP & ICMAP
• Brand of the Year Award
• Environmental Excellence Award
• Corporate Excellence Award

Environmental Metrics

ESG Focus Areas

• Renewable Energy
• STEM Education (Women)
• Community Development
• Sustainable Business Practices
• Digital Transformation

Environmental Achievements

• Commissioned a 2MW on-grid solar power plant at its Nooriabad facility.
• First building materials company in Pakistan with science-based emission reduction targets validated by SBTi.
• Installed Pakistan’s first 69kV CCV line at the Nooriabad facility.

Social Achievements

• ASCEND initiative promoting STEM education among women, impacting over 3,000 children.
• PurAzm initiative driving empowerment among marginalized communities.
• Pakistan Cables Children’s Art Contest with 87 entries.
• Sponsored Deaf Reach Golf Tournament 2024.
• Supported four field trips impacting approximately 260 students.

Governance Achievements

• Launched Management Trainee Program "IGNITE"
• Won the 11th FPCCI Achievement Award for Digital Transformation and Technology 2024
• Won the EFP Women Empowerment and Gender Equality Gold Award 2024

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: SBTi

UN Sustainable Development Goals

• SDG 5: Gender Equality

ASCEND initiative aligns with SDG 5.

Awards & Recognition

• 11th FPCCI Achievement Award for Digital Transformation and Technology 2024
• EFP Women Empowerment and Gender Equality Gold Award 2024

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Social Responsibility
• Governance

Environmental Achievements

• Reduced carbon footprint through 2MW solar energy installation at Nooriabad factory
• Water conservation of 45,000 gallons at Nooriabad factory
• Creation of a 3-acre urban forest with over 47,000 trees at Nooriabad factory
• LEED certification for Nooriabad office building

Social Achievements

• Employee volunteer program supporting various initiatives (STEAM Pakistan, Child Life Foundation, etc.)
• Flood relief and rehabilitation efforts
• Female empowerment programs (ASCEND, scholarships)
• CSR collaborations transforming lives

Governance Achievements

• Commitment to the UN Global Compact
• Commitment to Race to Zero for net-zero emissions by 2050
• Numerous awards and recognitions for corporate excellence, performance, and CSR

Climate Goals & Targets

Environmental Challenges

• Volatile exchange rate (PKR/USD)
• Fluctuating metal prices (Copper, Aluminium)
• Slowdown in demand across critical market segments
• Increased finance costs

Mitigation Strategies

• Improved liquidity for better raw material flow
• Anticipation of market stimulation from government PSDP announcements
• Observing a pickup in demand from the solar sector

Supply Chain Management

Responsible Procurement

• Strong linkages with international raw material suppliers

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: UN Global Compact

Certifications: ISO 9001:2008, KEMA (multiple certifications), CE, Photovoltaic Solar Cable certification

Awards & Recognition

• Numerous awards mentioned in the report, but specifics are not provided.