In 2021, 71% of constituents from New Zealand reported Scope 1, 2 and 3 emissions, while 44% from Japan did so. That said, the number of MSCI AC Asia Pacific IMI constituents between the two markets differed greatly. In 2021, this sample size was 17 from New Zealand and 1,088 from Japan.
Companies listed in New Zealand and Japan not only lead the region in setting climate targets, but are also the most likely to disclose their Scope 1, 2 and 3 emissions. This is according to the APAC Climate Action Progress Report, released on May 27 by MSCI ESG Research.
MSCI used MSCI AC Asia Pacific Investable Market Index (IMI) constituents and their domiciled markets as the research universe. This spans 13 Asia-Pacific (APAC) markets: Japan, mainland China, Taiwan, Hong Kong, India, Australia, South Korea, Singapore, Indonesia, Thailand, Malaysia, the Philippines and New Zealand. As at April 30, the index has 4,244 constituents.
