Southeast Asia Struggles to Achieve ESG Goals, Report Finds
A recent report published by the Bangkok Post has highlighted the struggle of most Southeast Asian countries to achieve their environmental, social, and governance (ESG) goals in the aftermath of the pandemic. The report reveals that Cambodia, Myanmar, and Laos have high risks concerning their sustainability, while Singapore is the only country with a low ESG risk score. Thailand's risks are considered at a medium level.
Despite their pledge to achieve net-zero emissions between 2050 and 2065 through nationally determined contributions, Southeast Asian countries are not on track to meet any of the 17 sustainable development goal targets by 2030. The report emphasizes the need to focus on sustainable growth opportunities to gain substantial economic benefits for the region.
This report is significant as it highlights the importance of ESG goals and sustainable growth in Southeast Asia. With most countries struggling to meet their sustainability targets, it is crucial to prioritize ESG performance and take immediate action to reduce risks and work towards achieving sustainable development.
Source: Bangkok Post