Helping SE Asian Companies Report on Sustainability
September 3, 2019 /3BL Media/ -- A new GRI Regional Hub has officially opened today in Singapore, to serve the ten countries of the Association of Southeast Asian Nations (ASEAN).

The office will support ASEAN companies with relevant services and training, helping them on their journey to identify, manage and report their most material environmental, social and governance (ESG) impacts. The Hub will also liaise with governments, capital markets, civil society and other stakeholders in the region.

As the ASEAN economies develop rapidly, they increasingly face sustainability impacts that can slow growth and decrease quality of life. To help meet these challenges, market regulators in the region, including the Singapore Exchange (SGX), have recognized the value of corporate transparency and require companies to disclose ESG data.

Headed by Michele Lemmens, a highly experienced business executive from Tata Consultancy Services (TCS), the Hub is co-located at the offices of Global Compact Network Singapore (GCNS), the Singapore chapter of the United Nations Global Compact.

Tim Mohin, GRI chief executive, said:
"Our ASEAN Hub has a crucial role working with companies in Southeast Asia to unlock the benefits of sustainability reporting. GRI's experience around the world shows disclosure helps businesses improve performance, build relationships with global buyers and increase their reputation as responsible global citizens.

Economic growth in the ASEAN region presents an historic opportunity to embed corporate responsibility at an early stage and align capital to sustainable ways of working. The only way to do this is with high quality ESG disclosure based on a global common language - the GRI Standards.

I am hugely grateful to all of the partner organizations, as well as the Singaporean government, who have supported us launch this Regional Hub. We look forward to a long and successful partnership to help embed sustainability into the ASEAN economy."

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