With 1.9 million hectares affected by fires in Indonesia, the palm oil industry faces questions over what sustainability certification can deliver – and who should be held accountable when fires occur.
The region accounts for nearly half of global GDP represented by economies adopting ISSB standards, but ACCA warns that businesses must move beyond compliance to address climate risks, resource pressures and emerging challenges.
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Experts say the region's next challenge is turning climate commitments into enforceable coal retirement plans that protect people, local communities, and energy security.