Advancing Environmental Information Transparency through Country-Level Governance on ASEAN

Sustainability issues have become a much-debated topic in the last few decades. This is due to significant events, such as the explosion of the Deepwater Horizon oil rig explosion, that have had devastating impacts on the environment. Country-level governance plays a significant role in encouraging environmental information disclosure. Companies that provide environmental information: better county-level governance almost certainly leads to a higher quality of corporate disclosure on the environment. This study reviews to investigate the meaning behind corporate reporting and why there is a need for governmental support to facilitate environmental efforts. As for the environmental information disclosure, it is made through a sustainability report. We measured country-level governance using The World Bank's World Governance Indicators (WGI), which comprises six indicators: Voice and Accountability, government effectiveness, political stability and absence of violence/terrorism¬, regulatory quality, the rule of law, and Control of corruption. Methodology This study tactics on a literature review based approach, where the information obtained from different written sources connected to this topic are collected and analyzed. These results tell us that in the ASEAN region, Singapore comes out on top for government effectiveness, political stability and absence of violence/terrorism, regulatory quality governance control of corruption rule of law and Timor Leste scored highest on the voice and accountability indicators. Myanmar, meanwhile, achieved the lowest country-level governance score.