PwC Mongolia presents the findings from a study on ESG Awareness in the Eurasia region, which includes data for Mongolia, Kazakhstan, Uzbekistan and Azerbaijan. These reports provide insights into the process and results of implementing the Environmental, Social, and Governance (ESG) practices within companies in each of these countries.
ESG plays a significant role in the long-term sustainability of businesses, and over the past few years in the region we have seen the growing relevance of the ESG agenda, as well as the active involvement of companies in integrating ESG practices into business processes.
The majority of companies recognize the importance of ESG factors, with awareness levels ranging from 67% to 97%, and expect them to remain relevant in the future. This trend is primarily due to regulatory innovations that are increasingly focused on achieving the goals of the Paris Agreement and the UN SDGs, but also to the voluntary and conscious commitment of companies to sustainable business principles.
The survey reveals a significant sustainability trend in Mongolian businesses, driven by regulatory demands and the strategic alignment with global ESG standards. Despite progress, participants acknowledge knowledge gaps and budget limitations when incorporating ESG practices. To achieve long-term sustainability goals, enhancing awareness, promoting knowledge sharing, targeted training, clear organizational guidelines, and supportive regulatory policies are crucial.
21 companies from Mongolia from the financial services, metals, machinery and other sectors took part in the “ESG Awareness” survey. The total pool of respondents in the surveyed countries comprised 120 companies.
