Risk management consultancy RepRisk has released a list of last year’s worst environmental social, and governance failures at companies around the world, with several incidents in Asia highlighted. The Most Controversial Companies (MCC) report highlights the reputational damage and bottom-line impact from ten enormous environmental, social and governance (ESG) failures worldwide and the effect on business networks caused by these incidents. This year, the top four spots concerned failures at companies based in Asia such as Indonesian airline Lion Air and Laos-based Xe-Pian Xe-Namnoy Power. The MCC Report shows how major corporations from different sectors had to mitigate reputational and financial impacts resulting from inadequate management of ESG risks. It highlights the global dynamics of such ESG incidents and the effects they had along business networks. The report can be found at: http://ow.ly/vqTm30npVOs

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CSR Asia