Undisclosed Risk

The report evaluates corporate environmental and social reporting in India, Indonesia, Malaysia, Philippines, Thailand, and Vietnam, finding that while reporting has improved, it remains largely focused on philanthropy and is often of limited relevance to mainstream investors. It highlights that Indian companies lead in reporting quality, while Vietnamese companies lag, and notes that investors frequently rely on non-public informal channels to obtain sustainability risk data.

• Sustainability reporting in the six focus countries has seen improvement over the last five years, driven by national governments, securities regulators, accounting professional associations, and consulting organizations.
• Corporate disclosure in emerging Asia is primarily centered on philanthropic activities and community giving, which provides limited value to mainstream investors compared to its interest to employees and local communities.
• Among the studied nations, Indian companies demonstrated the most progressive reporting, with most producing reports rated as average or above-average in investor relevance, whereas Vietnamese companies showed the least progressive disclosure.
• Most of the focus countries have regulations, codes, or market initiatives to encourage sustainability reporting, with Malaysia being the most advanced; Vietnam is the only exception lacking such mechanisms.
• Investors and equity analysts in the region often bypass public reports to obtain sustainability risk information through non-public informal channels, which creates a competitive advantage for some but hinders the mainstreaming of public corporate sustainability reporting.

APA

World Resources Institute (n.d.). Undisclosed Risk. https://www.wri.org/research/undisclosed-risk

Chicago

World Resources Institute. Undisclosed Risk. n.d. https://www.wri.org/research/undisclosed-risk.

Wikipedia

{{cite report |author=World Resources Institute |title=Undisclosed Risk |url=https://www.wri.org/research/undisclosed-risk |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldresourcesinstitutendundisclosed, author = {{World Resources Institute}}, title = {{Undisclosed Risk}}, institution = {World Resources Institute}, url = {https://www.wri.org/research/undisclosed-risk}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }