Business and Human Rights: Top-Performing Companies in ASEAN

Sustainability

Business and Human Rights: Top-Performing Companies in ASEAN

  • Business and Human Rights: Top-Performing Companies in ASEAN Sime Darby tops the list, in a study of human rights disclosures by the largest 250 PLCs in 5 ASEAN countries
  • Date: May 29, 2019
  • Category: Sustainability
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About the Report:

This study looks at the top 250 public-listed companies in 5 ASEAN countries (Indonesia, Malaysia, Singapore, Thailand and the Philippines) and the information they disclose to stakeholders on the strategies or systems they have in place to manage their human rights impact. Companies were assessed on the maturity of their human rights disclosures using 30 points of information aligned with the UN Guiding Principles on Business and Human Rights (UNGPs) under the following six categories:

  1. 1. Fundamental Human Rights Commitments
  2. 2. Policy Statements on Human Rights
  3. 3. Operational Information
  4. 4. Due Diligence
  5. 5. Monitoring and Reporting
  6. 6. Claims and Remediation

The top 10 companies* with the highest scores are:

  1. 1.Sime Darby Plantation Bhd (Malaysia)
  2. 1.Sime Darby Berhad (Malaysia)
  3. 2.Wilmar International Ltd (Singapore)
  4. 2.CP All PCL (Thailand)
  5. 2.PTT Global Chemicals (Thailand)
  6. 2.Indorama Venture (Thailand)
  7. 3.Kasikorn Bank PCL (Thailand)
  8. 3.Thai Oil PCL (Thailand)
  9. 3.Siam Commercial Bank Pub Co (Thailand)

*Several companies tied for the ranking of top 3

Malaysia and Thailand stood apart as leaders of human rights disclosure, with 84% of companies in Malaysia making some type of commitment to human rights. Palm Oil and tobacco companies stood out as the most thorough and active with regards to due diligence.

The top 6 performing companies in Malaysia were:

  1. 1.Sime Darby Plantation Bhd
  2. 1.Sime Darby Berhad
  3. 2.Kuala Lumpur Kepong Bhd
  4. 3.IOI Corp Bhd
  5. 3.British American Tobacco Bhd
  6. 3.Petronas Chemicals Group Bhd

More information can be found in the report.

  • Download full report

Published by

ASEAN CSR Network, Mahidol University and Article 30

  • Tags : Sustainability, business and human rights, Malaysia, ASEAN, Asia

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