Asean CSR

Sustainable consumption and production is highlighted as a component of the ‘Sustainable’ elementSustainable consumption and production is highlighted as a component of the ‘Sustainable’ elementand characteristics in the ‘ASEAN Socio-Cultural Community (ASCC) Blueprint 2025’ (ASEAN Secretariat,2016). The ASCC blueprint forms one of the four pillars identified in ‘The ASEAN 2025: Forging AheadTogether’ work plan endorsed by ASEAN Leaders at their 27th Summit in 2015. This study identifiedcarbon footprint for consumer goods, energy efficiency and recycling as key contributors to managingthe environment and scarce resources for a sustainable future.

This report reveals that while some progress is made, much remains to be done. It is clear that thecomplexities and difficulties in implementing, executing and monitoring a coherent set of guidelines,policies and laws are not easy. The establishment of ASEAN Centre for Energy (ACE) provides a goodindication that it is possible to manage complex issues and problems and provides a reference forsimilar task force such as this to be established for the efforts in reducing carbon footprint andincreasing recycling efforts for a sustainable future.

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A joint study on Sustainability Reporting in Singapore by the ASEAN CSR Network (ACN) and the National University of Singapore (NUS) Business School’s Centre for Governance, Institutions and Organisations (CGIO) was conducted to understand the sustainability reporting practices among the five ASEAN countries: Indonesia, Malaysia, Philippines, Singapore and Thailand.

During the period under review, unprecedented developments in some countries, suggesting a turning point in current sustainability reporting landscape, was witnessed.

The study finds an overall disclosure rate of 59.2% for all five ASEAN countries, with Malaysia taking the lead.

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A joint study on Sustainability Reporting in Singapore by the ASEAN CSR Network (ACN) and the National University of Singapore (NUS) Business School’s Centre for Governance, Institutions and Organisations (CGIO) found that recent changes to Singapore Exchange (SGX) reporting requirements and increasing stakeholder awareness have brought about a new focus on sustainability disclosures.

This study seeks to understand how these changes have impacted the companies in Singapore. Five key insights around the uptake and maturity of sustainability disclosures have been identified.

In addition, the study found a 3% increase in percentage points in the level of disclosure since 2016, with 61.5% of companies adopting recognised frameworks.

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