Publication Type
Journal Article
Version
acceptedVersion
Publication Date
6-2024
Abstract
The prevailing paradigm of sustainable finance places great importance on environmental, social and governance (ESG) information and, therefore, on the mechanism of reporting and disclosure. This article presents, analyses and compares the approaches to ESG disclosure in three Asian financial centres: Singapore, Hong Kong and Shanghai. The article uncovers commonalities and divergences in the drivers, dynamics, content and trends of ESG disclosure in the selected jurisdictions. In doing so, it looks forwards, seeking to anticipate and shape the development of ESG disclosure in Asia. At the same time, it looks beyond ESG disclosure, remaining mindful that the mechanism itself is only a means toward, and should not constrain, the pursuit of the ultimate goal of sustainable development in Asia.
Keywords
Sustainable finance, environmental, social and governance (ESG), Singapore, Hong Kong, Shanghai
Discipline
Asian Studies | Environmental Law
Research Areas
Public Interest Law, Community and Social Justice
Publication
Review of European, Comparative & International Environmental Law
First Page
1
Last Page
15
ISSN
2050-0386
Identifier
10.1111/reel.12554
Publisher
Wiley
Citation
PHANG, Rachel and CHIA, Yaru.
Sustainability and the sunlight of disclosure: ESG disclosure in three Asian financial centres. (2024). Review of European, Comparative & International Environmental Law. 1-15.
Available at: https://ink.library.smu.edu.sg/sol_research/4454
Copyright Owner and License
Authors
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1111/reel.12554