Governance & Administration

To ensure the effective implementation of its ESG framework, Pakistan Security Printing Corporation (PSPC) has established a well-structured governance system. This framework fosters accountability, enhances decision-making, and integrates ESG principles across all levels of the organization.

ESG Governance Structure

Board Strategy & Procurement Oversight Committee (BS&POC)

• Provides strategic direction and oversight for ESG initiatives
• ✔ Reviews and approves the ESG framework, ensuring alignment with long-term objectives
• ✔ Monitors ESG risks, opportunities, and performance metrics through periodic reporting

Management Committee on ESG

• Led by the Managing Director and includes key department heads (Operations, HR, Finance, Quality)
• ✔ Oversees ESG program execution and ensures smooth coordination across departments
• ✔ Regularly reviews ESG progress and recommends improvements

ESG Working Group

• Serves as the central body for all ESG-related activities at PSPC
• ✔ Includes representatives from various functional areas (Operations, HR, Quality, Finance)
• ✔ Implements ESG initiatives at the operational level and ensures compliance with ESG standards
• ✔ Maintains ESG data for performance tracking and sustainability reporting
• This structured governance approach ensures that PSPC effectively integrates environmental stewardship, social responsibility, and governance excellence into its core operations.

Environmental Stewardship

We are actively working to reduce our environmental footprint through the following strategies:

• Efficient Resource Utilization – Reducing water and energy consumption, promoting alternative energy sources
• ✅ Carbon Footprint Reduction – Target of 25% reduction in GHG emissions by 2030
• ✅ Waste Handling & Circular Economy – Handling of the general and process waste on the basis of 5R
  • Refuse – Avoid unnecessary waste generation
  • Reduce – Minimize waste production by using resources efficiently
  • Reuse – Extend the life of products by reusing them whenever possible
  • Recycle – Process waste materials into new products to reduce raw material consumption
  • Recover – Extract useful materials or energy from waste before disposal
• ✅ Compliance with Environmental Regulations – Obtaining ISO 14064 certification

Social Responsibility

PSPC prioritizes social development for both employees and the community:

• Health & Safety – ISO 45001 certification for workplace safety
• 👩‍💼 Diversity & Inclusion – Increasing female employment from 6% to 10% by 2030
• 🎓 Training & Development – Continuous learning opportunities for employees
• 🤝 Community Development – Participation in four social welfare projects annually

Governance & Compliance

PSPC upholds ethical and transparent business practices through strong governance:

• Policy & Governance – ESG oversight through the Board and Management Committee.
• 🔍 Risk Management – Timely assessment and mitigation of ESG-related risks.
• 📊 Performance Monitoring – Annual ESG reporting and KPI tracking
• 🔐 Data Privacy – Ensuring the security of organizational and stakeholder information

Reporting & Stakeholder Engagement

PSPC ensures global-standard ESG reporting:

• Transparent ESG Reporting – In compliance with IWA 48:2024 and SECP ESG guidelines.
• 💬 Stakeholder Communication – Continuous engagement with government, customers, and suppliers.
• 🌍 Sustainability Initiatives – Aligning strategies with the UN Sustainable Development Goals (SDGs).

Targets & Future Goals

PSPC has set ambitious sustainability targets:

• 65% carbon emission reduction by 2050.
• 📌 30% reliance on renewable energy by 2035
• 📌 Zero landfill waste target by 2030
• 📌 Publication of the first annual sustainability report by 2026