Southeast Asian Businesses are falling behind international human rights practices, as a new report on human rights disclosure in the Association of Southeast Asian Nations (Asean) concluded.
According to the joint study published by the Singapore-based Asean CSR Network (ACN), the Institute of Human Rights and Peace Studies at Mahidol University and Article 30, an analysis of the top 50 listed corporations from across five countries - Malaysia, Thailand, Singapore, Indonesia and the Philippines - uncovered that corporate companies do not disclose human rights, which is one of the most undisclosed subjects together with climate protection and its economic costs.
ASEAN' s lagged human rights reporting mirrors the missing of explicit policies and oversight by national and regional government. This shows that collectively, businesses in the region have been little attentive to pressures from global businesses and human right groups.
Of ASEAN' s top 250 corporate companies, 36 percent reported no acknowledgement of human rights in their publicly reported resources, with just 15.6 percent citing human rights abuses as a key issue, despite the media's attention increasing on local human trafficking.
Virtually all enterprises disclosed environmental data, with less than one in six mentioning human trafficking.
BUT, the good news ......
Out of the five countries, Thailand attained the highest score, with ninety-four percent of the top companies fighting for human rights >> SEVEN of the top 10 performers in the region also being Thailand's companies, in accordance with the United Nations Guidelines on Corporate Social Responsibility (UNGP).