ASEAN exchanges agree on new set of ESG metrics
A half dozen ASEAN stock exchanges have agreed on a new set of core sustainability metrics that are aligned to international standards and established practices.
The background: Previously, through a working group formed in 2021, metrics relating to environment (E) and social (S) issues were developed. The ASEAN exchanges have now agreed on ten governance (G) metrics, to complement the E and S metrics.
Who’s behind the initiative? The metrics were jointly developed by Bursa Malaysia, IDX (Indonesia Stock Exchange), PSE (Philippine Stock Exchange), SGX (Singapore Exchange), Vietnam Exchange, and SET (Stock Exchange of Thailand).
Going forward: Together, the core metrics will be recommended for disclosure by listed companies, serving as a common basis for member stock exchanges to build upon in order to drive sustainability in their home markets.
- This initiative is intended to encourage the disclosure of consistent ESG information on material topics, aid in bolstering sustainable investment across the region, and align with global trends
Next steps: The ASEAN exchanges are also working together to explore ways to further enhance ESG collaboration, product development, regional promotion, and depositary receipts cooperation.
Bloomberg
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