State Ownership and Sustainability in Asia

Effective governance can help state-owned enterprises (SOEs) play a major role in the low-carbon transition and sustainable development. Asian jurisdictions have implemented significant legal and institutional reforms in recent years to strengthen the governance of SOEs and incorporate sustainability considerations into state ownership policies and practices. This report takes stock of the main issues with incorporating sustainability policies within the state ownership function in selected Asian jurisdictions (the People’s Republic of China, India, Indonesia, Japan, Korea, Malaysia, the Philippines, Singapore, Thailand and Viet Nam), building on the OECD Guidelines on Corporate Governance of State-Owned Enterprises. It also highlights considerations for policymakers to support further improvements in their SOE sectors.