Businesses operating in the Asia-Pacific (APAC) region need to be aware of the increasing focus on Environmental, Social, and Governance (ESG) issues. Regulators are actively enforcing ESG laws and regulations, making compliance a top priority to avoid sanctions. The recent White Paper by Jones Day highlights the growing trend of ESG developments in the region since the beginning of 2024.
Companies in the APAC region are facing new and extensive ESG requirements, catching many off guard. These obligations vary across jurisdictions and can place a significant strain on resources, especially in areas like climate-related disclosures. Failure to meet these requirements can lead to reputational and financial consequences, as regulators, stakeholders, and even nontraditional claimants bring forward enforcement actions and proceedings.
The Jones Day quarterly APAC ESG Update provides a comprehensive overview of ESG developments in different countries within the region. It covers important aspects such as litigation, legislation, regulation, and policy changes related to ESG. This information is crucial for businesses looking to stay ahead of the curve and ensure compliance with evolving ESG standards.
It is important to note that the insights provided by Jones Day are for general information purposes only and should not be considered as legal advice. Permission is required to quote or refer to the contents of the White Paper in other publications or proceedings. Additionally, the views expressed in the White Paper are personal views of the authors and may not necessarily reflect those of the Firm.
Overall, the ESG landscape in the APAC region is rapidly evolving, with regulators ramping up enforcement and introducing new requirements. Businesses must stay informed about these developments and take proactive measures to meet their ESG obligations to avoid potential risks and liabilities. By staying abreast of the latest trends and updates in ESG, companies can position themselves for long-term success in the region.