clsa-scores-companies-on-green-awareness

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.

By Rita Raagas De Ramos

October 24, 2007

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 the risks involved.

Around 42% of 582 companies polled by CLSA in July and August didnÆt respond to the Clean and Green portion of the survey. Their reason Since they were not involved in sectors...

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