Climate first…or last?
A new study on sustainability reporting across Asia-Pacific finds that in many cases, companies disclose long lists of ESG risks without truly understanding which ones are strategic, financially material or reflective of stakeholder concerns
Add BT as a preferred source
AS SUSTAINABILITY disclosures edge towards becoming mandatory in many jurisdictions rather than an optional public relations tool, a critical question arises: How do companies decide what really matters?
The answer lies in a term central to every sustainability report yet often poorly understood: “materiality assessment”.
Materiality assessments are intended to help companies identify the most significant sustainability-related risks and opportunities (SROs) – those that can affect business performance or impact people and the planet. If done well, a materiality assessment should be the backbone of a sustainability strategy. Done poorly, it can mask risks, mislead stakeholders and derail corporate efforts to contribute meaningfully to the climate transition.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential legal liabilities
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre
