HBL Contributes Over Rs. 4 Billion
In a remarkable display of commitment to social progress, HBL (Habib Bank Limited) has contributed over Rs. 4 billion to the social uplift of Pakistan over the course of a decade. In the year 2022 alone, the bank contributed over Rs. 580 million, showcasing its dedication to making a real difference in the communities it serves. HBL recently shared this significant milestone at an event in Karachi while launching its ‘Impact & Sustainability Report – 2022.’
A Bank Beyond Banking
HBL has always strived to be more than just a bank. It upholds the values of inclusion, sustainability, and community development, working towards reducing its carbon footprint, expanding its Green Banking portfolio, and extending its customer base to over 34 million people, including 4 million women. Through the HBL Foundation, the bank supports various initiatives in healthcare, education, arts, and social development, ensuring a positive impact on the communities where it operates.
Upholding Ethos and Responsibility
The ethos of the Aga Khan Development Network (AKDN) has been instrumental in guiding HBL’s commitment to good governance and Corporate Social Responsibility (CSR). The bank’s responsible practices go beyond charitable giving, extending into its daily operations, and reflecting its dedication to the well-being of both the physical and social environments.
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Microfinance and SME Services
HBL’s Microfinance Bank plays a significant role in ensuring financial inclusion and economic empowerment. As the largest provider of microfinance and SME services in Pakistan, it strives to set an example and inspire positive change. By supporting small businesses and entrepreneurs, HBL contributes to the economic growth and development of the country.
Embracing Sustainability
HBL’s unwavering commitment to sustainability positions it as a leading force in the development of the agricultural sector and the promotion of food security. The bank invests in relevant learning and infrastructure to drive innovation and foster a sustainable future. Sultan Ali Allana, Chairman of HBL, emphasized the need for collective action to address sustainability challenges, ensuring a functional planet for future generations. He stated, “Our priority remains consistent: to innovate and provide solutions that support growth and improve the quality of life for our employees, those we serve, and the people of Pakistan.”
Highlights of HBL’s Contributions
As part of its Development Finance initiative, HBL has successfully completed 17 pilot projects, providing in-kind financing to 550 farmers across 45,000 acres of crops. These efforts have had a significant impact on the agricultural sector, empowering farmers and contributing to the nation’s food production.
In line with its commitment to environmental responsibility, HBL has developed its own Green Taxonomy (GT), which facilitates directing capital flows towards green projects. Furthermore, the HBL Foundation has increased its funding by 27%, enabling it to extend its support in key areas of need, including healthcare and education.
Following the vision of the Aga Khan Development Network (AKDN) Environment and Climate Change Commitment, HBL aims to achieve a Net Zero goal by 2030, aligning its practices with global sustainability standards.
Conclusion
HBL’s outstanding contribution of over Rs. 4 billion to the social uplift of Pakistan demonstrates its commitment to creating a positive impact. By investing in sustainability, supporting communities, and providing essential services, HBL goes beyond its role as a bank to become a catalyst for positive change.
