Enabling Policy Action In Thailand, Malaysia And South Africa

Chronos, in partnership with the World Bank and the IFC (part of the World Bank Group), has worked with national governments – most recently in Thailand, Malaysia and South Africa - to support the development of corporate and investor sustainability disclosure policy and regulation.   

 In the case of both Thailand and Malaysia, we undertook research to help local partners and the World Bank evaluate the market’s readiness for international disclosure standards. This included assessing current disclosure practices against international standards and frameworks, interviewing regulators, financial institutions, companies and other stakeholders, and making recommendations on how mandatory reporting requirements might be introduced and over what timeframes.

 In South Africa we worked with the IFC, Batseta (a local non-profit organisation supporting South African trustees) and Kigoda Consulting to develop a new, publicly accessible, tool that guides financial institutions on the implementation of their responsible investment strategies. 

 These projects build on similar work Chronos has undertaken in both Colombia and Peru where we helped develop roadmaps for the implementation of climate and sustainability-related disclosure frameworks.

 Across all of the projects that we have worked on, the policy aim has been to introduce sustainability and climate disclosure frameworks that can enable more sustainable models of finance to flourish and, in turn, catalyse significant action on environmental and social issues in a country.