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20 September, 2016Euromoney, September 2016
Momentum in corporate governance in Asia has shifted from general reporting towards ESG (environmental, social and governance). “There haven’t been dramatic changes in financial reporting rules or corporate governance reporting per se, but there have been significant changes in ESG sustainability reporting,” says Jamie Allen, secretary general of the Asian Corporate Governance Association, and co-author of the biennial CG Watch benchmark report published with CLSA. “There is much more focus on material risk from ESG factors, whether it’s pollution or water or social issues. Investors are taking it much more seriously.”
Steadily, Asia’s leading stock exchanges are incorporating sustainability into their reporting requirements. Both the Singapore Exchange (SGX) and Hong Kong Exchanges and Clearing have upgraded their existing sustainability reporting guides from being voluntary to a ‘comply or explain’ obligation.
Full article: http://www.euromoney.com/Article/3585485/Best-Managed-Companies-2016-ESG-to-the-fore-in-Asia-corporate-governance
