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Asia-Pacific under pressure to adopt ESG disclosure rules

An Indonesian palm oil plantation. Under the EU anti-deforestation law, companies exporting certain products must prove they weren’t produced on deforested land (Photo: Dimas Ardian/Bloomberg)
An Indonesian palm oil plantation. Under the EU anti-deforestation law, companies exporting certain products must prove they weren’t produced on deforested land (Photo: Dimas Ardian/Bloomberg)

As western markets face stringent sustainability obligations, their supply chain producers in Asia-Pacific are looking to beef up their own ESG expertise in order to retain business, says HSBC’s Sunil Veetil

With the upcoming US Securities and Exchange Commission climate disclosure requirements and the EU Corporate Sustainability Reporting Directive, companies from south-east Asia that sell into these western regions are at risk of non-compliance, warns Sunil Veetil, Asia-Pacific head of sustainability for commercial banking at HSBC.

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