Only 16% of APAC's top listed firms link ESG performance to exec's pay

A report released by professional services firm PwC Singapore and the Centre for Governance and Sustainability (CGS) at the National University of Singapore found that only 16% of the 650 companies across Asia-Pacific economies link ESG performance to how they pay their top executives. Australia has a disproportionately high number of companies linking ESG performance to top executive remuneration, with more than 50% of the top 50 companies doing so. The next best economies were Taiwan and Thailand, which had about 30% and 25% of the companies doing so, respectively, followed by Singapore and Japan, with 20%. Among the laggards in the region are Vietnam, the Philippines, Indonesia, India, and Malaysia, where less than 10% of companies take such measures.