Mashreq Bank Pakistan has announced a salient feature of their success story, “Climb2Change”, to a select media personality in a luncheon media briefing in a local hotel today. Fernando Morillo, Group Head of Retail Banking, Mashreq; Faisal Mohammed Al Shimmari as the Head of ESG and Corporate Strategy; Muhammad Hamayun Sajjad, Chief Executive Officer of Mashreq Pakistan; and Ms Suad Merchant, Head of Brand and Corporate Communication, have touched upon salient feature of Climb2change.
Climb2Change is a global initiative that merges Mashreq’s sustainable efforts with its mission to positively impact the environment and society worldwide. It is a beacon of hope, consolidating Mashreq’s sustainable banking leadership in MENA and globally with responsible products, social impact initiatives, and a net-zero commitment.
Mashreq Bank Pakistan believes that the next fifty years will be more challenging for bracing for climate change’s impact on life, property, and agricultural production. We must gear up with all possible efforts to address these challenges in collaboration with the government and corporate sectors. Moreover, we must create awareness among people not to create a mess in general, particularly in the mountains.
The Bank initiated novel philanthropic work by cleaning the highest mountains, launching mitigating efforts to curb climate change, and ensuring the availability of clean water in Pakistan. Part of Pakistan and the Bank have also helped Nepal clean up.
Mountaineers Naila Kiani and Maria Conceicao have also shared their experiences of K2 climbing and cleaning efforts by cleaning garbage from mountains, compressing human remains, plastic litres and undissolved human waste from top to bottom (base camp). They faced challenging conditions with unwavering courage and passion, making the assignment seem easy. In their cleaning operation, they brought down a huge quantity of garbage from the mountain with the help of local stakeholders. Both expressed hope that this garbage would be recycled and could develop a local recycling industry.
Mashreq Pakistan has also announced that it is technically ready to launch its operations. It is awaiting the final approval from the central bank, which, once granted, will allow it to launch financing, mostly targeting SMEs in Pakistan and digital banking services.
A note from the Bank adds that Mashreq sets new standards in high-altitude environmental conservation, with 1.727 tons (1,727 kilograms) of waste removed from 16 mountain sites, including K2, Broad Peak base camp, Concordia, and Goro II.
- The expedition includes one of the highest clean-ups recorded at Camp 3 on K2, 23,800 feet above sea level.
- Forty-seven local businesses and over 100 community members benefited directly from the expedition, reinforcing Mashreq’s commitment to tangible social impact and environmental results.
Mashreq, a leading financial institution in the MENA region, has announced the successful conclusion of its mountain clean-up expeditions in Pakistan. The completion of the expedition in Pakistan is a historic milestone in Mashreq’s global journey to scale and clean up 14 of the world’s mightiest mountains to reach seven peaks and the base camps of the remaining seven mountains scale. The initiative falls under Climb2Change, Mashreq’s global initiative integratBank’se Bank’s comprehensive Environmental, Social, and Governance (ESG) efforts and milestones.
From June to August 2024, Mashreq’s team – led by renowned climbers Maria Conceicao and Naila Kiani – undertook a rigorous 50-day expedition, actively engaging in cleaning up 16 mountain sites, including two prominent peaks, K2 and Broad Peak base camp (K3), and the base camps at Goro2 and Concordia, to address the critical issue of mountain waste accumulation and ecological imbalance. The team collected 1.727 tons (1,727 kilograms) of waste across 26 categories (from plastics to metals), including a wide range of items such as personal hygiene products, camping equipment, and discarded clothing. All waste was 100% processed, strictly adhering to Central Karakoram National Park and Pakistani waste management regulations.
A key highlight of the mission was the execution of one of the highest clean-ups ever recorded, conducted at Camp 3 on K2, an astounding 23,800 feet above sea level. This effort restored the pristine nature of these majestic peaks and provided invaluable insights into the environmental challenges facing high-altitude ecosystems.
In addition to its environmental impact, the expedition benefited 47 local businesses. It positively affected over 100 individuals, demonstrating Mashreq’s commitment to tangible social impact and to making a difference in the communities it serves as partBank’se Bank’s wider ESG efforts. In line with Mashreq’s dedication to fostering a sustainable corporate culture, Mashreq Pakistan employees participated in on-the-ground clean-up, contributing an impressive 180 hours of hands-on volunteering.
Muhammad Humayun Sajjad, CEO of Mashreq Pakistan, reflected on the expedition’s success, saying: “The completion of the Climb2Change mountain clean-up expedition in Pakistan stands as a powerful testament to Mashreq’s unwavering commitment to sustainability, environmental conservation, and social impact. We take immense pride in the substantial and tangible environmental results we’ve achieved on our mountains, not just in removing waste but in actively fostering a culture of sustainability within our organization and the local communities where we operate.” He added, “This mission goes beyond cleaning these majestic peaks—raising awareness of the urgent need for climate action. Alarming statistics suggest that climate-related events, environmental degradation, and air pollution may cause Pakistan’s GDP to shrink by 18-20% by 2050. We call upon every Pakistani—whether as individuals, businesses, or policymakers—to join us in prioritizing climate action and building a more resilient, sustainable future for our nation.”
Naila Kiani, renowned Pakistani mountaineer and Climb2Change team member shared her pride in having participated in this mission as a Climb2Change Ambassador: “Climbing has always been about pushing my boundaries, but partnering with Mashreq for this initiative allowed me to transform that passion into a force for environmental conservation. The Climb2Change mountain expedition has not only enabled the clean-up of iconic Pakistani peaks – it also serves as an inspiration for other individuals and organizations to collaborate and contribute positively to our planet. I hope it encourages more people to embark on their journeys toward sustainability. Together, we can all Rise Responsibly.”
Maria Conceicao, international climber, philanthropist, and fellow Climb2Change team member, offered her perspective: “Becoming the first Portuguese woman to summit K2 during this expedition was a challenging yet rewarding experience. It underscored the power of teamwork and collective action. The Climb2Change mountain clean-up initiative represents a personal achievement and a symbol of a broader environmental mission that I am proud to have partaken in and championed. We can all start Climb2Change initiatives to contribute to a more sustainable planet.”
These clean-up expeditions meaningfully contributed to several United Nations Sustainable Development Goals (SDGs), including notable contributions to SDG 3 (Good Health and Well-being), SDG 5 (Gender Equality), SDG 8 (Decent Work and Economic Growth), SDG 11 (Sustainable Cities and Communities), SDG 13 (Climate Action), SDG 14 (Life Below Water), SDG 15 (Life On Land), and SDG 17 (Partnerships for the Goals).
Mashreq’s mountain clean-up expeditions, which cover regions including Nepal, Pakistan, Egypt, and China (Tibet), aim to build awareness and promote recycling practices, waste reduction, and environmental preservation on a global scale. This is in line with Mashreq’s dedication to sustainability and making a positive difference in the world. These clean-up expeditions highlight Mashreq’s commitment to addressing global challenges through targeted, high-impact local initiatives.
As the Pakistan mountain clean-up expedition concludes, serving as a blueprint for how businesses can leverage their resources and influence to address critical environmental challenges, Mashreq invites corporations and institutions worldwide to join this transformative movement. Building on the resounding success of the Pakistan expedition, the initiative’s efforts will extend to reach Egypt, China (and Tibet) in the coming months, targeting other iconic peaks and fragile ecosystems in this region.
