The study evaluated the top 70 listed companies by market capitalisation across seven sectors in Southeast Asia comprising Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam, and reviewed their performance between 2018 and 2021.
According to a recent EY-Parthenon study, Transformation in Southeast Asia: Four archetypes of outperformers, companies that proactively undertook transformative actions during the Covid-19 pandemic outperformed their peers based on total shareholder returns (TSR), as compared to reactive transformers.
Some of these transformative actions include environmental, social and governance (ESG) initiatives, digital transformation, supply chain management and portfolio optimisation.
