Kering Partners With NUS to Measure the Impact of Climate and Nature-Related Transition Strategies in APAC

French-headquartered global luxury group Kering has announced a three-year research collaboration with the Centre of Governance and Sustainability (CGS) at the National University of Singapore (NUS) Business School, that is poised to establish a first-of-its-kind baseline for measuring the impact of climate and nature-related transition strategies adopted by corporations across Asia-Pacific.

Kering’s partnership with CGS at NUS Business School comes on the back of a shared commitment to advance sustainability and contribute to the global fight against climate change.

Acknowledging the complexity of climate science and sustainability, the leading global university seeks high quality research and extensive collaboration across disciplines to develop actionable policies and solutions that can contribute to the global agenda of sustainability and climate action.

Focused on nature-related reporting and climate transition plans, three research studies are set to unfold in three phases. The first and third studies will focus on nature-related issues, while the second study will concentrate on climate transition.

These studies will examine strategies adopted by the top 50 listed companies in each of the 14 Asia-Pacific jurisdictions based on market capitalization, including Australia, China (mainland), Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam.

The primary audience for the nature- and climate-related studies include business leaders, investors, regulators, public sector leaders and non-profit sector leaders. The studies aim to provide insights to the current state of nature and climate practices, establish baseline for strategies and reporting, highlight industry trends, and identify areas for improvements.

Knowledge Sharing and Collaboration

The first of three planned studies, titled ‘Nature-Related Practices and Strategies in Asia-Pacific, analyzed nature-related strategies from 700 listed companies across 11 industries.

It finds that 35% of companies that mention nature in their reports, consider nature and biodiversity to be material issues. Among the 375 companies with a materiality matrix, 31% prioritize nature and biodiversity as mid to high priority issues.

In contrast, 82% view climate change as a mid to high priority. Additionally, 9% of all companies have tapped into capital flows and financing opportunities related to nature.

The results indicated that compared to nature-related disclosures, climate related disclosures are at a more mature stage. To close the gap, companies need to enhance their disclosure of nature-related issues by tapping on nature-reporting frameworks and encourage greater investment.

On the back of these future insights, Kering and CGS at NUS Business School also plan to host a series of strategy workshops to facilitate knowledge sharing and collaboration amongst sectors and industries.

Commenting on the partnership, Chief Sustainability and Institutional Affairs Officer of Kering, Marie-Claire Daveu, said: “At Kering, we believe in the power of collective action as seen through our robust network of partners in several regions around the world. Today, I am proud to announce our partnership with CGS at NUS Business School, which combines academic rigor, research expertise, and real-world experience – key levers for a successful impact.”

“The sustainability challenges we face today are complex, and by partnering with an outstanding university renowned for its expertise in sustainability topics, we are exemplifying the Group’s commitment to collaborate with partners on the Asia-Pacific region’s sustainability journey.”

Kering owns a number of prominent global fashion brands including Gucci, Saint Laurent and Alexander McQueen.