Saturday, 30 September 2023

We are shifting our daily news to Gutzy.Asia Support us there!

Sustainability legislation and business actions lead the way in APAC, reveals ERM-GlobeScan survey

New research from GlobeScan and the SustainAbility Institute by ERM signals a shifting paradigm in sustainability leadership, emphasizing innovative, sustainable business models beyond mere compliance.

The results were gathered from a survey of over 500 professionals from across the globe and various sectors, conducted between March and May 2023.

This comprehensive survey, now in its 25th year, is lauded as the most extensive longitudinal study on sustainable development leadership.

Key findings highlight that sustainability leadership in the Asia Pacific region entails embedding sustainability into business models and strategies (27%), demonstrating evidence of impact and action (17%), and setting ambitious targets (16%). Corporate sustainability champions include Mahindra & Mahindra, City Developments Ltd., PTT Global, and Tata, among others.

Climate change continues to rank as the most urgent sustainability challenge (93%), with deforestation newly introduced into the survey and already ranking among the top five (86%). Other persistently high-ranking issues include biodiversity loss (86%), water scarcity (86%), and poverty (80%).

Significant legislative actions, such as the Inflation Reduction Act (IRA) and the EU Green Deal, and the COP15 biodiversity agreement were highlighted as most significant on the global stage. The experts also underscored the rising importance of disclosure standards and green financing.

Mark Lee, Director of the SustainAbility Institute by ERM, commented: “We’re witnessing companies pushing boundaries to integrate sustainability into their strategies and operations. Patagonia, this year’s leading company, exemplifies this trend, having channelled all profits towards nature and climate action.”

Government actions were also lauded, with GlobeScan CEO Chris Coulter stating: “Government is back when it comes to sustainability! Stakeholders point to new legislation and disclosure rules as pivotal breakthroughs in the sustainability agenda.”

In a first, Patagonia outshined Unilever, being recognised by 32% of sustainability professionals as a leading company in sustainability efforts. IKEA, Natura &Co, and Microsoft also made the top five.

NGO leadership in sustainable development was led by the World Wildlife Fund, followed by Greenpeace, UN-affiliated organisations such as the Global Compact, and the World Resources Institute.

These findings underline the shifting landscape of sustainability leadership, with businesses expected to step up with innovative strategies and models, ambitious targets, and tangible actions. This heralds a promising future where corporate responsibility and government legislation unite to address the pressing challenges of sustainability.

Notify of
Inline Feedbacks
View all comments

Latest posts

Election surprises and certainties: Dissecting Tharman’s presidential win

In the 2023 Presidential Election, Mr. Tharman Shanmugaratnam secured a stunning 70.4% landslide victory, surprising many, including himself. Despite expectations that TKL would win the opposition votes, voters from both camps showed a preference for Tharman's charisma and perceived competency. As Singapore reflects on the outcome, questions arise about the election's fairness and the real implications of Tharman's dominant win.

Volunteer as a Polling and Counting Agent for Singapore’s 2023 Presidential Election

For the upcoming Singapore Presidential Election on 1st September, members of the civil society have spearheaded an initiative to strengthen our democratic fabric. We invite committed individuals to join us as Polling and Counting Agents, standing together for a transparent, fair, and just election. This vote counting exercise, organized by members of civil society, is not specifically in support of Mr Tan Kin Lian, a candidate in the upcoming Presidential Election. It's an exercise in active citizenry. Nonetheless, Mr Tan endorses this initiative, which hinges on his candidacy, championing transparency, and has given permission for the results to be shared publicly.

Reflections from the Centenary: The Legacy of LKY and Singapore’s Future

Gilbert Goh reflects on the LKY centenary event: an inspiring showcase of a leader's global legacy juxtaposed against current challenges, urging Singapore to continue its path of progress.

Lim Tean advocates for Tan Kin Lian: A visionary leader for Singapore’s Presidency

In his speech at Mr Tan Kin Lian's launch of his presidential bid, Mr Lim Tean passionately championed the need for a truly Independent President. Highlighting Mr Tan Kin Lian's unique credentials and genuine concern for the wellbeing of Singaporeans, the Peoples Voice leader emphasized the pressing challenges of rising living costs and job insecurities faced by the public. Mr Lim depicted Mr Tan Kin Lian as a beacon of hope for the nation, advocating for a leader who genuinely understands and represents the people’s aspirations.

Tan Jee Say endorses Tan Kin Lian for President: A courageous, genuine, and humble...

In advocating for a truly representative leader, Tan Jee Say underscored Tan Kin Lian's humility, courage, and genuine dedication. Highlighting the pressing need for restored public trust and effective independence, Tan Jee Say emphasized that Tan Kin Lian, as the 'People's President', would bring back hope to Singaporeans and champion true democracy

Tan Kin Lian’s pledge: Rekindling unity and charting a vigorous future for Singapore

In the press conference to announce his bid for the Singapore presidency, Tan Kin Lian emphasizes safeguarding Singapore's reserves and strengthening public service integrity. Drawing on his 30-year leadership at NTUC Income, he envisions a future with affordable living, accessible housing, and job stability, pledging collaboration with the government for a united nation.

Strengthening Singapore’s political foundations: A call to action by Leong Mun Wai on Singapore’s...

Leong Mun Wai urges Singaporeans to strengthen political checks and balances, emphasizing, 'The best is yet to be for Singapore if we dare to make the right decision in upcoming elections.

Trending posts