In an increasingly interconnected world, responsible business conduct (RBC) — defined by the Organisation for Economic Co-operation and Development (OECD) as contributing to economic, environmental, and social progress while mitigating adverse impacts — has become essential for maintaining a competitive edge. For Pakistani businesses, where regulatory pressure is still evolving, aligning with international standards is crucial.

The European Union (EU) leads with frameworks like the OECD Guidelines, UN Global Compact (UNGC), EU Taxonomy, and Sustainable Finance Disclosure Regulation, making compliance vital for market access. This shift extends beyond Europe, with global buyers and development financial institutions like the International Finance Corporation and the Asian Development Bank prioritising RBC adherence in investment decisions.

For Pakistani companies, RBC is both a moral obligation and a business strategy. Integrating RBC into business operations can significantly enhance competitiveness, opening doors to new markets and attracting investment opportunities.

As a UNGC signatory, Pakistan follows a framework covering human rights, labour laws, environmental responsibility, and anti-corruption. Adhering to these principles ensures compliance with global standards, mitigates risks, and strengthens stakeholder trust.

Since many businesses are familiar with CSR,........

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