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Vol.6 Week 35 01/09/2010
Singapore stock exchange announces sustainability reporting policy and guidelines
by Erin Lyon elyon@csr-asia.com
This past weekend the Singapore Stock Exchange (SGX) announced both a policy statement on sustainability reporting and guide for sustainability reporting for its listed companies. Both documents are open for comment until 29 October 2010. The announcements come at a critical time for companies listed in Singapore with respect to environmental, social and governance issues (ESG). The exchange includes companies listed locally which ... (More)
A more challenging media environment for corporate Malaysia?
by Gabriel Chong, Rikke Netterstrom gabriel.chong@csr-asia.com, rnetterstrom@csr-asia.com
Last week, the Malaysian newspaper The Star published an unusual article. It reported that the Norwegian Government Pension Fund's (NGPF), one of the world’s largest sovereign wealth funds, announced that it would divest its holdings in Samling Global, a Malaysian forestry company listed on the Hong Kong Stock Exchange “due to an unacceptable risk of contributing to current and future severe environmental damage” from ... (More)
Lessons from Pakistan: a role for business in disaster resilience
by Sharan Bal sharan.bal@csr-asia.com
In the aftermath of the Pakistan floods and the mudslides in China, the climate change debate is front and center. Some climate experts are taking the opportunity to demonstrate that the increased frequency of such weather events is what they have long predicted. The World Meteorological Organization has said, the ''unprecedented sequence of extreme weather'' over the past month match climate projections. This is what global warming ... (More)
Southeast Asia View
by Matthew Guenther matthew.guenther@csr-asia.com
Indonesia As Mount Sinabung Continues to Rumble, Evacuees Face a New Threat — Disease The 2,460-meter volcano in Karo district, just 150 kilometers southwest of the provincial capital, Medan, erupted early on Sunday after spewing clouds of ash since Thursday evening. The Indonesian Red Cross (PMI) has told the Jakarta Globe that several of the evacuation camps are now experiencing diarrhea epidemics. A total of 30,052 people ... (More)
Japan View
by Japan for Sustainability Newsletter info@japanfs.org
Shin-Idemitsu to construct world's first commercial plant to produce hydrogen from wood chipsShin-Idemitsu Co., a major Japanese oil distributor with marketing name IDEX, announced on June 2, 2010, that it had officially signed an agreement with Omuta City, Fukuoka Prefecture, in western Japan to construct a plant in Omuta Eco-Town that will produce hydrogen from biomass. This contract followed the decision of the Ministry of ... (More)
China View
by Yoshi Ko yko@csr-asia.com
Carrefour sues Chinese supermarket chain over name Carrefour SA has filed a lawsuit against Anhui Jiale Supermarket Chain Co Ltd and its subsidiaries in Fuyang, claiming they violated the rule of fair competition and infringed upon the Carrefour trademark. The local supermarket chain was accused of illegally using the logo "Jialefu," the Chinese version of "Carrefour," in their company name and business activities. ... (More)