Tech stocks that rely on gig workers must address the social aspect of ESG

TECH platforms like Grab and GoTo are investing in electric vehicles and announcing initiatives to support their employees and partners, as they seek to build their environment, social and governance (ESG) credentials. But their reliance on a gig workforce is still the elephant in the room.

ESG-minded investors should pay more attention to the growing debate over regulation in this region, and what the platforms are actually doing versus what they say they stand for. This is especially since there isn't a clear framework to evaluate these companies' labour policies.

Lack of best practices