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Asian consumer firms need to buck up on sustainability: New report
April 15, 2016
Asian consumer firms need to buck up on sustainability: New report
By Vaidehi Shah
Friday 15 April 2016
Non-profit group World Wide Fund for Nature (WWF) has published a report shining an uncomfortable spotlight on Asian consumer firms, which finds them severely lagging behind international standards on sustainability.
The international group said the lack of sustainability among Asian manufacturers of food, household, and personal care products is in part due to a lack of scrutiny from financiers.
In a new report, titled ‘Asian Fast Moving Consumer Goods (FMCG) – A Sustainability Guide for Financiers and Companies’, WWF noted that Asian companies and their investors are not doing enough when it comes to managing their environmental risks.
The report, launched at the third Singapore Dialogue on Sustainable World Resources conference organised by the Singapore Institute of International Affairs, analysed sustainability and annual reports from 26 Asian FMCG firms to see how they managed the environmental impact of the three most important elements of their operations, namely water use, packaging, and ‘soft commodities’ such as palm oil, sugar, and meat.
Read more at Eco-Business.
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