January 28, 2010
Engro Corporation Limited (formerly Engro Chemical Pakistan Limited) has been ranked Pakistan’s leading company for Corporate Social Responsibility (CSR), in the first Asian Sustainability Rating (ASR). Engro also achieved the distinction of being the only Pakistani company included in ASR’s top 50 Asian companies.
The ASR ranks 200 of the largest listed companies in 10 countries across Asia, on the basis of transparency and disclosure of their CSR policies and practices. The initiative has been launched by CSR Asia, a leading provider of information, training, research and consultancy services on sustainable business practices in Asia. The rating compared companies for their performance in areas of Governance & Policy, CSR Strategy & Communication, Marketplace & Supply Chain, Workplace & People, Environment, and Community & Development.
Engro has the distinction of being in a select group of companies, which are signatories to the UN Global Compact (UNGC), as well as being part of the Global Reporting Initiative (GRI). UNGC is a voluntary, strategic policy initiative encouraging companies to incorporate principles of human & labor rights as well as environmental and anti-corruption practices. GRI is the world’s most widely used sustainability reporting framework for benchmarking organizational performance on economic, environmental, and social dimensions.
Engro’s efforts in building sustainability in Pakistan are demonstrated by its commitment to consistently contribute 1% of profits before tax towards social investments. Engro’s major social spending is in the areas of skill development, education, health, environment, emergency relief efforts and philanthropy.