Asia Pacific Leads in Sustainability Reporting, but Effective Implementation Remains Key to Economic Resilience: ACCA Research
Asia Pacific is leading the global adoption of sustainability reporting standards, but businesses and policymakers must move beyond regulatory compliance … Read More The post Asia Pacific Leads in Sustainability Reporting, but Effective Implementation Remains Key to Economic Resilience: ACCA Research appeared first on ProPakistani .
According to new research by ACCA, Asia Pacific is leading the global adoption of sustainability reporting standards, with more than 80% of ASEAN economies having adopted or planned to adopt International Sustainability Standards Board (ISSB) standards. This accounts for approximately US$60 trillion, or 47% of global GDP. However, the report emphasizes that effective implementation of these standards is crucial for economic resilience, investment, and long-term business value.
While some progress has been made in Pakistan, such as a 3.65% growth rate in FY2025-26 and increased electricity generation capacity from solar net metering, challenges remain in financing, grid integration, energy storage, and institutional capacity. The report also highlights the importance of treating renewable energy generation and storage as strategic economic priorities, supported by investment mechanisms that make projects commercially viable.
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