Disclosure (or lack therof) of Emerging Market Companies
I just skimmed this report in preparation for the OnValues/Who Cares Wins conference I’m attending this week, which is focusing on emerging market investment.
The report is from Association for Sustainable & Responsible Investment in Asia (ASrIA), and it’s on the lack of disclosure of environmental, social and governance (ESG) factors by Asian companies listing on the Hong Kong Stock Exchange. In addition to being a good overview, the report gives some idea of the proxy ESG indicators one can use when looking at companies that disclose very little information, such as staff turnover, expenditure on pollution control equipment, etc.
