CORPORATE WINDOW: Enhancing financial investment

The United Nations Framework Convention on Climate Change’s COP 29, dubbed the “Finance COP,” emphasised the critical need for mobilising climate finance to support the transition to a low-carbon economy, adapt to climate changes, and build resilience against future climate shocks. Recognising climate risk as a priority, the international investment community requires robust climate data to focus on climate opportunities and governance. This focus underscores the urgency for all stakeholders to proactively engage in climate-related disclosures and risk management. Climate shocks are becoming increasingly frequent, and their surprise factor can be mitigated by understanding and addressing climate-related risks. Transparency International reports that Pakistan loses $4 billion annually due to climate change-induced events.