Article
Global Sustainability Reporting Standards
Strategic Insights for Asia Pacific Corporations
Published date: 11 November 2024
The Asia Pacific Centre for Regulatory Strategy is pleased to share with you a new report titled Global Sustainability Reporting Standards – Strategic Insights for Asia Pacific Corporations.
In the past decade, environmental, social, and governance (ESG) considerations have become crucial in the corporate world, driving a shift toward a green economy. In response to growing demands from investors, consumers, and regulators for consistent and accurate sustainability disclosures, several global standards have emerged.
While there is broad agreement on the need for these standards, regional differences exist in their implementation. In the Asia Pacific (AP) region, many authorities are adopting variations of international standards tailored to local needs.
Our comprehensive analysis maps out the evolving landscape of sustainability reporting standards across key AP jurisdictions and some of the most significant global developments. This comparative perspective highlights unique regional adaptations and requirements, demonstrating how divergence across reporting standards might affect AP corporations' global operations. Additionally, we provide strategic recommendations for companies navigating these complex requirements. In particular, the report will present insights into how firms can lead beyond compliance in the sustainability space through a robust step-by-step approach to implementing the requirements.