APAC: leading ESG challenges for SMEs 2023

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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

Characteristic	Share of SMEs
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Release date

March 2023

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Region

Asia, APAC

Survey time period

2023

Number of respondents

937 decision makers from companies.

Supplementary notes

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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