ESG Initiatives Among ASEAN Enterprises

As attention for ESG increases, enterprises across various industries in the region have published reports for the various initiatives, including financial information and other company initiatives they have embarked on.

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As a region, ASEAN has been highlighted as an economic powerhouse with immense potential for growth and development as the region’s annual GDP growth rates surpass world aggregates for the past decade. Common drivers of revolutionary changes among ASEAN enterprises include digitalisation, rising income levels, a youthful population, increasing literacy rates, as well as attention to environmental, social and governance (ESG) which has become a key aspect for resilience and sustainable development in ASEAN. Under the ESG umbrella lies multiple facets:

– Environment: climate change, carbon emissions, resource management, environmental conservation, environmental pollution

– Social: working conditions, responsibility to the community, health and safety, employee and people relations

– Governance: bribery and corruption, laws and regulatory compliance, board composition