Consul General of the Federal Republic of Germany at Karachi Dr Tilo Klinner has said that his country is keen to develop infrastructure and alternative energy exploration in Pakistan. He was speaking to a meeting which was held here on Sunday on sustainability reporting, corporate social responsibility and governance under the auspices of an Pakistan Institute of Corporate Governance (PICG) Dr Klinner said there was a time in Germany when it had a ‘commissions-based’ society. But the creation of a well-documented economy gave German corporations the impetus to be transparent and disclose full information. The diplomat said companies must look towards maximizing not only profits but also sustainability and fairness to all stakeholders. He gave the example of the BASF plant in Karachi which has developed an innovative solution to clean its industrial water to make it usable and supply it to the urban community around the plant. Fuad A Hashimi, President and CEO of PICG said that 600 people had been inducted into PICG’s director training program out of which 361 were certified directors.
