The primary challenge faced by small and medium-sized enterprises (SMEs) when implementing environmental, social, and corporate governance (ESG) related initiatives was the ability to coordinate ESG with internal business growth targets. The cost of development was the second most prominent challenge as 35 percent of SMEs noted this difficulty.
Leading environmental, social, and corporate governance (ESG) implementation challenges for small and medium-sized enterprises (SMEs) in selected countries of Asia Pacific in 2023
A quantitative study was conducted covering 937 decision-makers from primarily small (22%) and medium-sized (67%) companies who are involved in ESG decisions. The study covered China, Hong Kong, India, Taiwan, Indonesia, and Singapore, connecting with approximately 150 people in each region.
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Bloomberg. (March 28, 2023). Leading environmental, social, and corporate governance (ESG) implementation challenges for small and medium-sized enterprises (SMEs) in selected countries of Asia Pacific in 2023 [Graph]. In Statista. Retrieved February 07, 2025, from https://www.statista.com/statistics/1384437/leading-esg-implementation-challenges-for-smes-in-selected-countries-of-asia-pacific/?__sso_cookie_checker=failed
Bloomberg. "Leading environmental, social, and corporate governance (ESG) implementation challenges for small and medium-sized enterprises (SMEs) in selected countries of Asia Pacific in 2023." Chart. March 28, 2023. Statista. Accessed February 07, 2025. https://www.statista.com/statistics/1384437/leading-esg-implementation-challenges-for-smes-in-selected-countries-of-asia-pacific/?__sso_cookie_checker=failed
Bloomberg. (2023). Leading environmental, social, and corporate governance (ESG) implementation challenges for small and medium-sized enterprises (SMEs) in selected countries of Asia Pacific in 2023. Statista. Statista Inc.. Accessed: February 07, 2025. https://www.statista.com/statistics/1384437/leading-esg-implementation-challenges-for-smes-in-selected-countries-of-asia-pacific/?__sso_cookie_checker=failed
Bloomberg. "Leading Environmental, Social, and Corporate Governance (Esg) Implementation Challenges for Small and Medium-sized Enterprises (Smes) in Selected Countries of Asia Pacific in 2023." Statista, Statista Inc., 28 Mar 2023, https://www.statista.com/statistics/1384437/leading-esg-implementation-challenges-for-smes-in-selected-countries-of-asia-pacific/?__sso_cookie_checker=failed
Bloomberg, Leading environmental, social, and corporate governance (ESG) implementation challenges for small and medium-sized enterprises (SMEs) in selected countries of Asia Pacific in 2023 Statista, https://www.statista.com/statistics/1384437/leading-esg-implementation-challenges-for-smes-in-selected-countries-of-asia-pacific/?__sso_cookie_checker=failed (last visited February 07, 2025)
Leading environmental, social, and corporate governance (ESG) implementation challenges for small and medium-sized enterprises (SMEs) in selected countries of Asia Pacific in 2023 [Graph], Bloomberg, March 28, 2023. [Online]. Available: https://www.statista.com/statistics/1384437/leading-esg-implementation-challenges-for-smes-in-selected-countries-of-asia-pacific/?__sso_cookie_checker=failed