Mobilink Bank’s ‘Change to Sustain’ Program Catalyzes Sustainability with PKR 2.5 Billion Investment
Islamabad – February 28, 2024: Mobilink Bank, a frontrunner in digital financial services, has initiated its sustainability program, “Change to Sustain,” marking a significant step towards operational transformation and fostering environmental stewardship in the banking sector. Anchoring this initiative is the strategic allocation of PKR 2.5 billion towards renewable energy financing. As part of its sustainability strategy, fifteen (15) Mobilink Bank branches are set to undergo solarization, harnessing solar energy to reduce carbon emissions. Additionally, across all 109 branches nationwide, the Bank is spearheading a large-scale tree plantation drive, contributing to the preservation of local ecosystems and biodiversity. These endeavors underscore Mobilink Bank’s commitment to generating positive environmental impact while solidifying its position as a responsible leader in the industry.
VEON, a global digital operator, provides converged connectivity and digital services to nearly 160 million customers in six dynamic markets, representing 7% of the world’s population.
The “Change to Sustain” initiative is a concerted effort to drive sustainability practices by integrating Environmental, Social, and Governance (ESG) principles into the Bank’s operations. The initiative aims to promote green business practices, advocate for climate action, raise awareness about sustainability issues, empower women-led climate resilience solutions, expand access to green financing, and encourage the adoption of renewable energy solutions.
Haaris Mahmood Chaudhary, Chief Operating Officer (COO) of Mobilink Bank, stated, “At Mobilink Bank, we perceive the winds of change as an opportunity to drive positive transformation. The ‘Change to Sustain’ initiative reflects our endeavors to align the Bank with ESG principles for a future where progress and sustainability go hand in hand. Every action we take is propelled by a deep commitment to minimizing our environmental footprint, empowering unbanked individuals, catalyzing positive social change, and supporting the advancement of small businesses nationwide.”
Chaudhary added, “Recognizing the pivotal role of microfinance institutions in realizing the UN’s Sustainable Development Goals, we are steadfast in harnessing our capabilities and resources to foster eco-friendly financing for individuals and small-scale businesses, with a particular focus on those led by women. We believe that supporting small businesses and female entrepreneurs can yield enduring benefits for both the environment and society at large.”
Mobilink Bank leads the way in green financing by actively supporting individuals, especially women, to address climate challenges while seamlessly incorporating sustainability into its operations. Through impactful initiatives like “Change to Sustain” and the Women Inspirational Network (WIN) program, the Bank empowers its borrowers with the necessary tools and resources to adapt and build resilience against climate change. The Bank also provides accessible green financing solutions, including solar financing, ensuring that sustainability is achievable for all.
