The Emerging Markets Disclosure (EMD) Project has released results of an investor survey on environmental, social and governance (ESG) disclosure practices in emerging economies. While giving credit to Brazil and South Africa for progress made in recent years (including the launch of national sustainability indices), investors hold more critical views on the overall state of ESG disclosure:
The survey shows that at a time when increasing numbers of institutional investors are demanding more openness and transparency, poor ESG disclosure by emerging market companies threatens to undermine investor confidence and could potentially reduce investment allocations to emerging markets.
More details here. Full survey findings will be presented in New York on 25 June.