70% of surveyed companies in Southeast Asia publish climate-related disclosures: GRI

Research conducted by standards provider Global Reporting Initiative (GRI) and the National University of Singapore (NUS) Business School has found that 70% of the top 100 largest, listed companies in Southeast Asia had published climate disclosures in 2020-2021. The research covered companies in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. The research also suggests that on average, 62% of companies disclose their greenhouse gas emissions and 68% have an internal climate governance sub-committee. Dr. Allinnettes Adigue, head of GRI in the ASEAN region says, “Given Southeast Asia is highly vulnerable to the harshest effects of climate change, more action is needed to ensure countries and companies have effective strategies in place to mitigate the impacts, including carbon reduction plans. It is encouraging, therefore, that our research with NUS finds many large businesses in the region are reporting on climate – although more progress is needed. With 85% of the companies relying on the GRI Standards for their climate disclosure, it demonstrates the importance of robust and globally-applicable reporting frameworks”.