Research from ACSI (ACSI) found that 33% of the top 200 companies still sit within the ACSI 's lowest two categories when it comes to ESG reporting. One out of three companies has either very basic reporting or none at all. As Billiton 's $ about 33 per cent superannuation industry continues to grow, super funds are gaining more power to push for improved disclosure on how their members' money is spent. The Financial Services Council ( FSC ) and ASX this week launched a new ESG guide for Australian companies, outlining a framework to disclose the information to shareholders. Since this week , the ASX corporate governance principles have required companies to disclose material exposure to economic, environmental and social sustainability risks and how they are being managed.
Research from the Australian Council of Superannuation Investors (ACSI) found that 33% of the top 200 companies still sit within the ACSI's lowest two categories when it comes to ESG reporting. One out of three companies has either very basic reporting or none at all. As Australia's $2tn superannuation industry continues to grow, super funds are gaining more power to push for improved disclosure on how their members' money is spent. The Financial Services Council (FSC) and ACSI this week launched a new ESG guide for Australian companies, outlining a framework to disclose the information to shareholders. Since 2014, the ASX corporate governance principles have required companies to disclose material exposure to economic, environmental and social sustainability risks and how they are being managed.