The Attock Cement Pakistan Limited (ACPL) would be trading the Carbon Emission Reductions (CERs) in the International Carbon Trade Exchange (ICTE). The ACPL, one of country’s leading cement manufacturing and exporting firms, would be able to trade thousands of CERs in the ICTE annually. According to company sources, the ACPL has got its Waste Heat Recovery System (WHRS) project registered with the United Nations Framework Convention on Climate Change (UNFCCC) for the qualification of CERs. With this registration the cement giant is expecting from the the WHRS project CERs approximately 35,000 per annum. The company has also shared this material information with its shareholders at the Karachi Stocks Exchange Monday. “These CERs are tradable in the International Carbon Trade Exchange,” Company Secretary Irfan Amanullah told the front regulators at KSE. The listed firms are bound under Clause (xx) of the Listing Regulation No 35 under the Code of Corporate Governance to share any material information with its stakeholders on the country’s equity market that could impact, in a positive or negative way, the price of its shares.
