Jubilee General Insurance Company, a leading name in Pakistan’s insurance industry, has officially launched its Net Zero transition journey in partnership with Spectreco, a global sustainability technology, advisory and implementation company. This landmark collaboration marks a decisive step toward achieving environmental responsibility and long-term sustainable growth.
The formal signing of the Memorandum of Understanding (MoU) took place in Karachi and was led by Shaista Ayesha, Partner, Spectreco, and senior management from Jubilee General Insurance including Azfar Arshad, Hassan Khan and Uzair Mirza. Through this partnership, Spectreco will assist Jubilee General Insurance in achieving ESG reporting compliance and implementing strategies to reduce its carbon footprint effectively.
Faraz Khan MBE, CEO & Partner, Spectreco, highlighted the significance of this collaboration, stating:
“Jubilee General Insurance’s commitment to sustainability is truly commendable. As they embark on this Net Zero transition, Spectreco is proud to provide the technology and expertise needed to transform ambition into actionable impact. This partnership paves the way for redefining environmental responsibility in the insurance sector and setting new benchmarks for ESG leadership in Pakistan.”
Speaking at the event, representatives from both organizations emphasized the importance of this partnership. Senior management at Jubilee General Insurance shared:
“This MoU reflects our unwavering commitment to sustainability. We are excited to embark on this transformative journey alongside Spectreco, leveraging their expertise to enhance our ESG leadership and contribute meaningfully to a sustainable future.”
The partnership between Jubilee General Insurance and Spectreco demonstrates a shared vision of integrating sustainability into core operations, fostering innovation, and meeting the evolving regulatory and environmental expectations of the global business landscape. Together, the two organizations aim to lead the way in driving positive change in Pakistan’s insurance industry.
