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Kering and NUS Unveil Gaps in Nature-Related Disclosures Across Asia-Pacific

A new study by the global luxury group Kering and NUS Centre for Governance and Sustainability (CGS) has shown gaps in nature-related disclosures among Asia-Pacific companies.  
 
While 72% of 700 listed companies identified topics such as water, biodiversity and ecosystem protection in their sustainability or annual reports, only 25% considered nature-related issues material to their businesses.  
 
Among the companies that made nature-related disclosures, Australia took the lead with 68% considering nature as material. This is followed by New Zealand (48%) and Singapore and Malaysia (both at 42%). 
 
Only 13% disclosed their alignment with the Taskforce on Nature-related Financial Disclosures (TNFD) framework. 
 
The report findings were shared with an audience of over 80 on 14 January at the Business Action for Nature hybrid workshop. Presented by CGS Director Prof Lawrence Loh and research analyst Ms Joycelyn Lee, these benchmarks reveal areas where companies can do better.  
 
For businesses that want to start on biodiversity, what is important is to start a journey to have quantitative objectives, a clear vision, and make tangible progress every year, said Ms Marie-Claire Daveu, Chief Sustainability and Institutional Affairs Officer, Kering, in her virtual opening address.  
 
More highlights: 
-In their presentation on nature finance, founding partners of Good Growth, Mr Nick Keppel-Palmer and Mr mandar jayawant explained why we should look at the regenerative values of natural landscapes and the importance of landscape stewardship.  
 
-In a panel discussion moderated by Prof Loh, our panellists Ms Esther An, Chief Sustainability Officer, City Developments Limited, Mr Eric Lim, Chief Sustainability Officer, UOB, and Mr Raye Padit, Founder and CEO, The Fashion Pulpit, discussed various topics such as how macroeconomic developments might shape companies' sustainability movements, biodiversity credits, sustainability standards and the immediacy of targets.  
 
-In closing, Mr Thierry Marty, President, North and South-East Asia Pacific, Kering, said, "Together with NUS, we remain committed to advancing sustainability initiatives, fostering cross-industry collaboration and inspiring future leaders to drive impactful change." 

SOURCE: NUS

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