Speaker 1
Paul Wenman (United Kingdom)
Founder and Managing Director - SourceAsia Ltd
Title
Monitoring Asian Corporate ESG performance on the Web
Description
InvestAssure is a corporate ethics web monitoring service from SourceAsia. We track 4,000 companies in Asia to identify and assess incidents or allegations of illegal, unethical, environmentally damaging or socially irresponsible behaviour.
An analysis of our database from 2009-10 reveals some major patterns of ESG risks for investors and sourcing managers. Nearly 15% of the Asian companies we track had at least 1 significant alert in 2 years. Over 10% of companies had 1 alert or more in 2010 alone.
50% of all alerts to our clients related to the Manufacturing sector, 25% to Mining. More than 50% were in China and 45% related to Health, Safety or the Environment. Less than 10% related to Labour Conditions.
The data raise key questions, as well as answers, about the reality of managing and monitoring ESG risks in Asia.