KUALA
LUMPUR: South Korean companies came up tops in the 2011 Asian Sustainability
Rating (ASR) while Malaysian firms ranked third.
South Korea scored an average 48% followed by
Thailand, 43%, and Malaysia, 39% for disclosure on environmental, social and
governance issues among 10 Asian countries (excluding Japan), according to a release
from CSR Asia.
The inclusion of new, poorly performing
companies held back Malaysia's score, resulting in a decline in the average
score from 42% to 39%, although the ranking remained the same.
The ratings covered 750 companies from 10
Asian countries, selected according to free-float market capitalisation.
The overall average score for companies
benchmarked in the 2011 ASR increased by 36% compared with an average score of
35% last year.
CSR Asia chairman Richard Welford said that
while there were a few star performers, a lot of companies in Asia were not
even a third of the way in reaching high scores.
CSR Asia executive director Rikke Netterstrom
said that interestingly, Malaysia had 25 to 30 good companies.
“Although they may not score 90% or 100%, they
have a much bigger group of above-average companies,” she said, adding that it
was considered good by Pan-Asian standards.
She said that CSR Asia was seeing less
sustainable reports than it used to but they were much better reports.
On lessons that Malaysians could learn from
South Korea, Rikke said it would be in the area of environmental reporting.
“South Korea has for decades done
environmental reporting while few Malaysian companies do so,” she said.
The other areas Malaysia lagged behind were in
reporting on supply chain and contractors in the construction and property
development industry.
By LOH FOON FONG
foonfong@thestar.com.my
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