ESG Standards Overview — Accelerating the ESG Reporting Journey in Asia

April 2, 2024

We are excited to announce our collaboration with UCLA’s Financial Investment and Technology Club (FIT) on the release of an ESG Standards Overview report, which provides a comprehensive comparison of multiple ESG standards and highlights the advancements in Asia’s ESG reporting landscape. The report also examines challenges faced by companies in Asia, spanning from listed companies to SMEs, and offers potential solutions to foster sustainability in the business landscape.


In the ever-evolving landscape of corporate governance and sustainability, Environmental, Social, and Governance (ESG) reporting has emerged as a crucial facet of transparency and accountability for public companies. This whitepaper delves into the dynamics of ESG reporting standards, emphasizing its significance not only for large corporations but also for small to mid-sized companies, particularly in Asia, which encounter their unique set of challenges in this realm.

ESG reporting, an acronym for Environmental, Social, and Governance reporting, represents a holistic approach to evaluating a company’s performance in non-financial areas. This encompasses an array of factors that gauge the company’s impact on the environment, its relationship with society, and the quality of its governance practices. As corporations worldwide increasingly acknowledge their roles as responsible global citizens, ESG reporting has gained traction as a means to measure and communicate their commitment to sustainable and ethical business practices.

ESG reporting has transformed from a voluntary practice to a fundamental requirement for public companies. Stakeholders, including investors, consumers, regulators, and employees, are showing a growing interest in a company’s ESG performance. Investors, in particular, are recognizing the materiality of ESG factors in shaping the long-term financial sustainability of a business. Public companies now have a vested interest in adopting robust ESG reporting standards to enhance their reputations, attract responsible investors, and maintain compliance with regulatory frameworks.

While large corporations often possess substantial resources and specialized teams to facilitate ESG reporting, small to mid-sized companies confront a distinct set of challenges. These include limited financial and human resources, potential data gaps, and the need to strike a balance between ESG compliance and day-to-day operations. In this whitepaper, we explore these challenges in detail and provide insights into how companies can navigate the ESG reporting landscape effectively, leveraging it as a tool for sustainable growth and competitive advantage. Through this whitepaper, we aim to shed light on the intricacies of ESG reporting standards, demonstrating its relevance and benefits for all public companies, irrespective of their size, and offering practical guidance on addressing the challenges that companies encounter in their ESG reporting endeavors.

About Wizpresso

Wizpresso is an Asia-based technology company that transforms enterprise workflow and empowers stakeholders in financial markets. We develop software underpinned by natural language processing (NLP) and deep learning to augment market intelligence, regulatory reporting, and knowledge management. We deliver value to users by removing communication barriers between participants, improving business growth, managing risks, and enhancing operational efficiency.

 Our clients range from global financial institutions and professional services firms to enterprises. Wizpresso has won numerous accolades over the years, including the APICTA 2023 AI of The Year Awards, Maker in China 2022 Champion, CUHK Corporate Innovation Index 2022, HKICT Grand Fintech Award 2021, EPIC 2021 Fintech Champion, IFTA Fintech Awards 2021 and 2020, and etnet’s Fintech Awards 2020 and 2019. Visit to learn more.

About The UCLA FIT

The UCLA Financial Investment and Technology Club (FIT) is a nonprofit student club at the University of California, Los Angeles (UCLA) that focuses on investment and technology. We furnish a platform to comprehend financial theories and market dynamics, aspiring to equip students with the prowess for triumphant forays into finance and technology. Our mission is to cultivate adeptness in investment strategies, fostering a seamless meld of theoretical mastery and pragmatic skill sets.