The analysts were making their observations based on their study of Sustainalytics’ global universe of 15,803 exchange-listed companies.
Their analysis of these companies’ three-year carbon intensity suggested that of the 22 per cent of companies that disclose such data, 18 per cent reported stable or declining carbon intensity numbers.
If the sample was narrowed to the 962 listed companies in the six key ASEAN markets – Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam – the disclosure rate was 17 per cent.
Of the 166 ASEAN-6 companies reporting such numbers, more than seven in 10 companies reported a stable or declining carbon intensity trend over three years.
Of these 118 companies, 38 are listed in Malaysia, 35 in Thailand, 17 in Indonesia, 15 in Singapore, and 13 in the Philippines. Vietnam had none since none of its companies disclosed such data.
Among the 15 Singapore-listed companies that achieved stable or declining emissions intensity over the past three years are palm oil producer First Resources and transport giant ComfortDelGro.
The analysts noted that First Resources’ carbon intensity fell by more than 25 per cent in that period, while ComfortDelGro’s fell between 10 and 25 per cent.
The carbon intensities of Sembcorp Industries, Singtel, ST Engineering, StarHub, and Wilmar International were assessed to be “stable”, given that emissions intensity rose or fell by under 10 per cent.
First movers
Companies reporting stable or declining emissions intensity in the past three years:
