SBP Vision 2028 – Climate Change

Climate Change is identified as one of the four strategic themes for SBP Vision 2028 that cuts across all strategic goals of SBP and its subsidiaries.

Pakistan is among the top 10 countries that have been worst affected by climate change in the form of unprecedented torrential rains, melting of glaciers, river flooding and sudden heatwaves. This not only caused colossal damage to livelihood of over 30 million Pakistanis, essential crops, infrastructure and mass communication networks but also proved detrimental to energy and food security.

In view of the climate change and ensuing economic and social challenges, SBP focus is on segments of financial sector that are vulnerable to climate change by:

• Proactive policy measures for financial sector stakeholders to address the requirements and challenges of climate change
• Reducing climate associated risks by improving the regulatory and supervisory framework
• Promoting the allocation of resources towards the development of a more sustainable, dynamic and green economy
• Improving infrastructure through enhancing access to finance and promoting sustainable finance to address the challenges particularly related to food and water crisis