Asia-Pacific companies behind on standalone ESG committees: study
But they are ahead of the US in disclosure quality
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COMPANIES with standalone committees focusing on ESG (environment, social and governance) issues tend to have the highest sustainability scores, with Europe and US companies paving the way, a joint study by NN Investment Partners (NN IP) and governance services provider Glass Lewis showed.
In the study based on 129 companies, it was found that companies located in Europe and the US, which have more developed extra-financial reporting expectations and obligations, tend to have standalone board-level ESG committees, at 26 per cent and 28 per cent respectively. Firms in the Asia-Pacific are slightly behind at 25 per cent.
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