CLSA scores companies on green awareness
Many Asian companies are still oblivious to climate change issues, but CLSA says awareness will eventually evolve in the same way as it has for labour issues.
CLSA has been releasing its corporate governance report on Asia annually since October 2000. A major change in this yearÆs report is the inclusion of a corporate governance score on a companyÆs sensitivity to environmental issues, particularly to climate change.
The so-called Clean and Green score, which replaces a previous social and environmental category, carries a 10% weight on a companyÆs overall corporate governance score.
The CLSA report shows that Asian companies generally seem unaware of pressing environmental issues and...
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