With Australia, Japan, Hong Kong, Malaysia, New Zealand, Philippines and Singapore introducing mandatory climate reporting rules, a stricter sustainability reporting regime is upon firms. What are key shifts to note as new rules kick in?
Alan To, former regional ESG marketing director of S&P Global, has been appointed chief executive officer of Climate Finance Asia, a sustainable finance consultancy based in Hong Kong
Asia’s sustainability heads foresee some relief from reporting burdens this year, but articulating the financial value of social, biodiversity and climate-related impacts, engaging suppliers and staying ahead of regulations will keep them busy.
Studio EB
While there is potential for clean energy to one day power Asia Pacific, high costs and the intermittent nature of renewables stand as barriers in the way. Businesses, especially in the tech sector, must channel efforts towards solutions that provide round-the-clock clean energy.