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“We have already taken the initiative of Corporate Social Responsibility (CSR) in our organization.

The Bio-diesel project of PSO is an example of the same and we are all willing to contribute our share in this larger cause,” said Tariq Razvi, GM Corporate Planning PSO at the occasion. Ramiz Ahmed Faraz, HSE ENGO Chemical briefed about the Clean Development Mechanism while presenting his case study.

As guests left the CSR International launch event, many were smiling – some bemused, some amused, but most hopeful, having just witnessed the birth of a new era of Corporate Sustainability & Responsibility. This International Event was organized by the Faculty of Management Studies/ Center of Management Excellence & Research (CMER) at the University of Central Punjab, Lahore.

The purpose of the conference was to achieve a series of objectives, of which the most important is raising awareness on the vital role that national and multinational companies can play in the development of commu-nities, they serve.

“Climate change is the serious most challenge of our times.

Pakistan has already been ranked at 14th most vulnerable country that will be hit by the adverse affects of climate change particularly in terms of food and water security,” said CEO Ali Tauqeer Shiekh at the first ever Corporate Summit on Climate Change held in Karachi on February 19, 2009. Many leading corporations such as Overseas Investors Chamber of Commerce and Industry (OICCI), PSO, ENGO have partnered with Lead Pakistan for the summit.

The research partners for the summit included Boston University, USA, The University of Manchester, USA, International Business Leaders Forum, Global Change Impact Studies Center (GCISC), Pakistan and Pakistan Metrological Department.

This event enabled the participants to exchange and share their experiences and demonstrate how companies can contribute to the development of the communities for CSR in which the corporations are active.

Climate change is an equally significant threat for the corporate sector.

The climate disasters may result in instability of workforce, unavailability of natural raw material and infrastructure.

City District Nazim Karachi, Syed Mustafa Kamal delivered his address at the inaugural session and talked about various development projects of Karachi. Tariq Hassan, Board Member LEAD Pakistan welcomed the audience while Dr.

Adil Najam, Nobel Peace Prize holder, a renowned international environmental expert and Professor at Boston University briefed the audience about the international climate challenges and insights of the climate response challenge.

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