Emerging Markets Disclosure Project

The Emerging Markets Disclosure Project (EMDP) brought together partners from around the globe in a collaboration aimed at improving disclosure of environmental, social and governance data by companies in emerging markets. Over 2008-2012, country teams in Brazil, Indonesia, South Africa and South Korea engaged 72 companies and achieved their goal of advancing sustainability reporting in emerging markets…

In Indonesia, 11 investors collaborated over 2011-12 to assess ESG reporting levels among 30 Indonesian companies. The analysis of the company sample showed that while disclosure on social parameters is generally good, there is room for improvement in environmental and governance topics. Specific concerns related to corporate governance structures and corruption were also raised. As a result of the engagement dialogue, the group convinced a listed polyester and petrochemicals company, Indorama Synthetics, to learn more about ESG best practices and helped the firm identify and focus on several key sustainability issues including energy efficiency, waste treatment and corporate governance.