PSX honors Fauji Fertilizer as member of ESG working group


Fauji Fertilizer Company (FFC) was invited by Dr Shamshad Akhtar, Chairman of the Environment, Social and Governance (ESG) Working Group to attend the Seminar on “Integration of ESG in Investment” jointly organized by CFA Society Pakistan and the Pakistan Stock Exchange (PSX) at the PSX Auditorium, Karachi.

The session highlighted initiatives related to ESG, integration into the company (investment process) and the resulting long-term risk-adjusted returns, in line with ESG principles.

FFC is one of the leading listed companies honored by PSX as a member of the ESG working group. Syed Imran Rizvi, Head of Shares Department represented FFC on this occasion. He proposed the implementation of the new integrated ESG code for listed companies and the design of the ESG index on the basis of free-float market capitalization, in line with the KSE 100 index.

It is important to note that FFC has been recognized by PSX as the top 25 best companies consecutively for 10 years due to its compliance with the code of corporate governance, company performance and effective management.

Read more: FFC organizes a second successful company briefing for the year 2021

Major achievement for the FFC

Earlier, another FFC achievement was assessed by the Central Depository Company (CDC) for the first account closing announcement within 15 days of board approval of the third interim dividend and subsequent electronic payout. the fastest dividend on the shareholders’ accounts. the 8th day, after the beginning of the closing of the book. Thus, compliance well before the deadlines according to the SECP directives.

In a meeting with senior CDC officials, Mr. Imran Rizvi, Head of FFC’s Equities Department, acknowledged that this was the effort of the joint teams of CDC Share Registrar (CDCSR), FFC and AKBL – the designated bank of FFC, which made this distinct achievement possible by creating a new milestone in the company’s history.

Important to note, due to the outstanding performance of FFC, it has won many awards. In November, the company won the Best Fertilizer Business Excellence Award for the seventh year in a row from the Management Association of Pakistan (MAP).

Read more: FFC wins Best Corporate Excellence Award for the 7th consecutive year


Comments are closed.