Progress of Corporate Governance and Climate Agenda in EM
- Impact Boards EM
- Jan 24, 2023
- 1 min read
Updated: 23 hours ago
In collaboration with impak Analytics
24 January 2023 | Impact Boards EM Research
EM companies are ahead of the curve when it comes to ESG Governance Frameworks. As at December 2021, 31 of EM companies vs 15 of US companies have progressed on setting up ESG and/or CSR committees*. However, there are notable divergences across countries and regions within EMs.
Some EM countries (South Korea, South Africa) have made significant improvements in their governance framework by setting up an ESG and/or CSR committee
Meanwhile, others appear to be behind the curve, for example, GCC region
Source: Impak, Impact Boards EM. Data as at December 2021. *Using MSCI EM Top 200 companies as a proxy for EM companies and S&P500 Top 100 companies as a proxy for US companies
When it comes to climate governance, EM's are lagging on the reporting of Scope 3 Emissions.
They are also behind the curve on good governance versus the US. Female representation on Boards in EMs is staggeringly low 15 compared to US 47 Country divergence is evident. Some EM countries may have progressed on driving board independence, but lag on gender diversity. Correspondingly, there are notable divergences across countries.
To view the in-depth analysis, please download the presentation below.
Our sincere gratitude to impak Analytics for partnering with us for this research. For further information on our research resources or to collaborate on research please contact us on info@iboardsem.com.
Impact Boards EM | impak Analytics