Pakistan's corporate landscape is experiencing a significant transformation in sustainability reporting, aligning with global trends while addressing unique local challenges. The Best Corporate Report (BCR) Awards competition, a benchmark for transparency and excellence in financial reporting in Pakistan, has recently updated its evaluation criteria to incorporate key elements of international sustainability standards.
In 2024, the BCR Evaluation Committee introduced requirements from the International Sustainability Standards Board's (ISSB) Sustainability Disclosure Standards, specifically IFRS S1 and S2, into its criteria. This proactive approach demonstrates Pakistan's commitment to adopting global best practices in sustainability reporting.
