COMPARATIVE TRENDS OF ESG DISCLOSURE AMONG ASIAN COUNTRIES
アジア諸国におけるESG開示の比較動向 (AI 翻訳)
Musmailina Mustafa Kamal, Nurul Azlin Azmi, Rahimah Mohamed Yunos, Nini Suhana Mastini Razi, Fazrul Hanim Abd Sata
🤖 gxceed AI 要約
日本語
本研究はインドネシア、マレーシア、シンガポール、タイにおけるESG開示の動向を2015年から2023年まで分析。インドネシアは環境以外のESG要素で他国を上回り、2019年以降は全対象国で開示が増加傾向にある。この上昇はCOVID-19後の厳格な持続可能性政策に起因する。因果関係は分析しておらず、地域固有の影響は考慮外だが、投資家や政策立案者への実務的示唆を提供する。
English
This study analyzes ESG disclosure trends in Indonesia, Malaysia, Singapore, and Thailand from 2015 to 2023. Indonesia leads in social and governance pillars but not environmental. Disclosure increased across all countries after 2019, driven by stricter sustainability policies post-COVID-19. The study does not establish causality but offers practical insights for investors and policymakers.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではSSBJ基準の導入が進む中、東南アジア諸国のESG開示動向を比較した本論文は、近隣市場の開示強化が日本企業の投資家対応に与える影響を考察する上で参考になる。
In the global GX context
This paper provides comparative evidence that stronger ESG mandates drive disclosure improvements in emerging Asian markets, supporting the global push for mandatory sustainability reporting under ISSB and CSRD.
👥 読者別の含意
🔬研究者:Useful for understanding regional ESG disclosure patterns and policy impacts in Southeast Asia, though causal analysis is absent.
🏢実務担当者:Investors can use these trends to assess ESG transparency in Southeast Asian markets for portfolio decisions.
🏛政策担当者:Supports the case that stricter disclosure regulations enhance ESG transparency, relevant for regulators designing mandates.
📄 Abstract（原文）
This study examines the trend analysis of Environmental, Social, and Governance (ESG) disclosure among selected Asian Countries. This study utilises data from Eikon Datastream, and the final sample comprises 2,848 firm-year observations (2015-2023) across Indonesia, Malaysia, Singapore, and Thailand. The results indicate that Indonesia has higher total ESG, social, and governance pillars compared to other countries, except for the environmental pillars. However, the trend shows an increasing pattern for all the selected Asian countries after the COVID-19 outbreak. The recovering trend in ESG after 2019 is mainly attributed to stricter sustainability policies, OJK’s sustainability mandates, the carbon tax introduced in 2019, the launch of Green Plan 2030, the updated reporting guide by Bursa Malaysia, the MCCG reforms in 2017 and 2021, and the standardisation of sustainability reports. This study does not examine the cause-and-effect relationships and overlooks region-specific effects that may influence the level of ESG disclosure. The study contributes to the body of literature, as limited studies have focused on the factors of ESG disclosure. Prior studies have only focused on the relationship of the study. This study has significant practical implications for investors in overseeing the ESG trend in making investment decisions. This study also helps policymakers improve their ESG regulations for enhanced transparency. This study focuses specifically on investigating the factors behind the ESG trends. The increasing trend after 2019 suggests that stricter ESG disclosure mandates can improve ESG transparency.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.24191/ij.v13i1.9316first seen 2026-05-05 23:17:44
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