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APAC companies lack Scope 3 emissions reduction targets, report says

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CSRone's Vice President of Operations Tino Chen announces this year's findings. (Photo: Hsu Tsu-lin)

56% of Asia-Pacific companies have not included Scope 3 emissions reduction in their net-zero goals, according to Taiwanese CSR think tank CSRone’s 2024 Taiwan and Asia-Pacific Sustainability Report Status and Trends report released on March 29.

The survey analyzed over a thousand sustainability reports from Taiwan and corporate sustainability practices in ten Asia-Pacific countries in 2023, with Malaysia, India, China, and Hong Kong identified as having a high greenwashing risk and suggested prioritizing information disclosure and actions to align with the direction of global sustainable development.

Taiwan, South Korea, Japan top ESG performers in Asia-Pacific region

According to CSRone's Vice President of Operations Tino Chen (陳厚儒), the top three performing countries this year are Taiwan (71.3%), South Korea (65.6%), and Japan (63.8%), where companies demonstrated better management and communication on ESG issues, while Malaysia (51.4%), China (51.3%), and India (44.0%) were less transparent in disclosing key aspects and therefore rank at the bottom.

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