Asia braces for new ESG standards

Corporate & Securities partner Justin Tan (Singapore) is quoted in this article discussing new ESG standards in Asia. 

“ISSB provides clear direction and guidance to national governments on how to implement sustainability reporting, and also to APAC companies on what to expect down the road so they can better prepare," he said, adding that there will be differences in the timing of implementation and the thresholds used to determine who must report.

He expects “significant differences” in the implementation of standards across the region. “These often need to be tailored so that they are appropriate and do not impose too heavy a burden or have unintended consequences,” he said.