Enhancing accountability in ESG reporting can boost credibility of firms

KUALA LUMPUR: Plantation companies should improve transparency and accountability in their environmental, social and governance (ESG) reporting to enhance credibility, says an academician.

Universiti Teknologi MARA (UiTM) Faculty of Accountancy Associate Prof Dr Seri Ayu Masuri Md Daud said that findings from her team’s research on environmental disclosure in the plantation industry, which she spearheaded, revealed that despite environmental concerns, the majority of environmental reporting by plantation firms remains dominated by “soft” information such as vision statements and general environmental initiatives.