Kering has formally partnered with the National University of Singapore (NUS) to create a standard for evaluating the sustainability plans of major Asia-Pacific corporations.
Kering announced their partnership with the NUS Centre of Governance and Sustainability by utilising the Singaporean forum “Nature in the City.”
The first of the three study stages has already been established, with an emphasis on the business plans of the 50 biggest corporations in the Asia-Pacific area. Australia, Mainland China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam will all be represented in this phase.
‘Nature-Related Practices and Strategies in Asia-Pacific’ is the title of the first phase, which will cover almost 700 businesses in 11 industries. According to preliminary findings, only material resources are mentioned by 35 per cent of these companies when it comes to nature in their activity reports. Compared to 82 per cent for climate change, just 31 per cent of these corporations rank nature and biodiversity as medium or high priorities.
NUS “combines academic rigor, research expertise, and real-world experience – essential levers for successful impact,” said Marie-Claire Daveu, chief sustainability and institutional affairs officer at Kering. “The sustainability challenges we face today are complex, and by partnering with an exceptional university renowned for its expertise in this field, we demonstrate the group’s commitment to collaborating with partners on the path to sustainable development in the Asia-Pacific region.”
Subsequently, the second phase of the study will specifically focus on the role of climate transition in the strategies of major companies in the region.
