target audience: TECH SUPPLIER Publication date: May 2023 - Document type: Market Perspective - Doc Document number: # AP50337223
Trends in Sustainability Regulations in Asia/Pacific
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Abstract
In this IDC Market Perspective, the trends in sustainability regulations in Asia/Pacific looks at 16 economies in the region to determine the impact of rules and regulations relating to organizations' sustainability strategies and sustainability tech purchase decisions. In this research, we discovered that recent policy changes have increased the demand for investments in environmental, social, and governance (ESG) data management and reporting, have affected companies' access to capital and financial institutions' lending operations, and have placed sustainability as a top evaluation factor in supply chain procurement.
"The very fluid nature of regulations relating to sustainability in Asia/Pacific has its challenges. There are a lot to consider, not only national-level rules but also cross-border and regional regulations. However, it provides an opportunity for innovation and growth to those that understand and can stay on top of what the market needs, " says Melvie Espejo, Research Director, IDC Asia/Pacific Sustainable Strategies and Technologies.