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Congratulations on the US National Day
COVER STORY

DISCLOSURE REGARDING SUSTAINABILITY GOVERNANCE
BOD responsbility Governance structure
100% 100%
BOD training

80% 80%

Linkage of ESG performance to top exec remuneration

60% 60%
40% 40%

20% 20%
0% 0%
China
Australia Hong Kong (China) India Indonesia Japan Malaysia Philippines Singapore Thailand Vietnam Australia Hong Kong (China) India Indonesia Japan Malaysia Philippines Singapore Thailand Vietnam
Taiwan (China)
New Zealand
Taiwan (China)
New Zealand
China

DISCLOSURE OF REPORTING SCOPE ASSURANCE
Reporting scope disclosed Reporting scope explained
100% 100%
External assurance
80% 80%
Internal assurance

60% 60%

40% 40%
20% 20%

0% 0%
China
New Zealand
Taiwan (China)
China
Taiwan (China)
Australia Hong Kong (China) India Indonesia Japan Malaysia Philippines Singapore Thailand Vietnam Australia Hong Kong (China) India Indonesia Japan Malaysia New Zealand Philippines Singapore Thailand Vietnam

“Starting your sustainability reporting ESG governance and accountability at the light on the opportunities for companies
journey early and building a roadmap for leadership level. This is reflected in the to build greater trust with stakeholders

sustainability reporting excellence can put findings, where only 24 per cent of compa- and shareholders. One way is active stake-

your organization ahead of regulations and nies disclosed ESG-related training for their holder engagement.

key stakeholder expectations as a value to Board of Directors and only 16 per cent While 81 per cent of companies disclosed
your organization,” he added. disclosed the link between ESG performance their stakeholder engagement channels,
Some results are encouraging. Over 80 and remuneration for their top executives. only 46 per cent reported to have addressed
per cent of companies disclosed their sus- stakeholder concerns. Another way to
tainability targets, 75 per cent disclosed BUILDING TRUST strengthen investor confidence is to produce
their ESG governance structure, and 67 THROUGH ASSURANCE credible sustainability reporting. Currently,
per cent disclosed the sustainability respon- With the market increasingly demanding only 37 per cent of companies are found to
sibilities of their Board of Directors. Still, information about companies’ sustainability have obtained external assurance from an
there is room for moving the needle on impact and value creation, the study sheds independent party for their ESG disclosures.
“ESG practice should start from ana-
lyzing risks and opportunities, then inte-
grating ESG elements into strategies and
business plans,” said Mr. Nguyen Hoang
Nam, ESG leader in Assurance at PwC
Vietnam. “And the performance should be
re-evaluated every year. This amount of

84% of companies Disclosures on Significant opportunities work will only bring good value when it is

reported climate change sustainability training remain for companies to published in a sustainable development

as a sustainability issue, and links between ESG build greater trust with report to stakeholders. Companies may also
but less than half performance and stakeholders and want to consider including the assurance
demonstrated integrating leaders’ remuneration investors through active opinion, which should clearly state the scope
climate risks and can be improved. engagement and of the work, the assurance standard followed,
measures in their obtaining external and the work completed. This will help
operations. assurance. strengthen investor confidence through
credible sustainability reporting.” %
www.en.vneconomy.vn JULY 2022 | VIETNAM ECONOMIC TIMES | 7