A fund manager said the Covid-19 pandemic had increased the importance and role of ESG compliance.
PETALING JAYA: As environmental, social and governance (ESG) compliance becomes more mainstream, and even a benchmark for investors today, corporations are increasingly faced with the arduous task of meeting challenging reporting demands.
An analyst noted that ESG metrics such as waste, energy and carbon can be challenging to quantify and report.
“It’s difficult because there isn’t one global standard and even if there were, it’s constantly changing and evolving,” he said.
Deloitte, in a paper titled “ESG Risks: The Reporting Challenge”, said changes in investors’ and society’s expectations have translated into a growing demand for better corporate reporting that responds to the need to understand broader risks and business impacts.
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By Reuters Staff
2 Min Read
KUALA LUMPUR (Reuters) - Shares in AirAsia Group Bhd fell in morning trade on Tuesday, as analysts lowered earnings forecasts after the Malaysian budget airline group posted its record quarterly loss.
FILE PHOTO: Airasia planes are seen parked at Kuala Lumpur International Airport 2, amid the coronavirus disease (COVID-19) outbreak in Sepang, Malaysia October 6, 2020. REUTERS/Lim Huey Teng
The stock fell as much as 6.2% in the first half session of trade.
Affin Hwang Capital cut earnings forecasts for 2021 and 2022, expecting a larger net loss this year due to lockdowns in Malaysia in the first quarter, closed borders and longer-than-expected timeframe for the COVID-19 immunisation programme.
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