The biggest bank in Pakistan, HBL’s spending on social and developmental causes is the highest of any bank in the country. It has supported an array of public- and private-sector projects and organisations, with a focus on community development, financial inclusion, health and education.
“We are intrinsically linked with the nation’s fabric and its people. We understand that a functional civil society is predicated on economic progress and social development, which can work towards mitigating climate change,” said Sultan Ali Allana, Chairman of HBL.
HBL is committed to sustainable development and promoting high levels of environmental, social and governance practices in the banking industry. Its businesses, investments and operations are strategically designed to create a more sustainable, equitable and financially inclusive world, where the present population can meet their needs without borrowing or depleting the resources of future generations.
The Bank has just published its first Impact and Sustainability Report.
Protecting the environment
Like other AKDN agencies and institutions, HBL aims to achieve net-zero carbon emissions by 2030. It no longer finances coal projects, or any industries that contribute to deforestation. HBL Microfinance Bank’s regional headquarters in Gilgit, Pakistan is AKDN’s first IFC-EDGE and LEED-certified building, and these standards are being incorporated into other office buildings.
In 2021, HBL won the prestigious Environment Excellence Award from the National Forum for Environment & Health, affiliated with the UN Environmental Programme and supported by Pakistan’s Ministry of Climate Change.