Asia is not only the most populous continent, but is also a market on a steady incline of opportunity and development. With development comes the concept of sustainability, in companies’ relationship with the economy, the environment and society. This monthly edition provides locally-focused updates, particularly within Asia, to keep you up to date with sustainable initiatives and practices in the region
Asian companies are catching up on sustainable practices
Companies in Asia are catching up with their Western peers in adopting environmental, social and governance (ESG) practices, according to Loh Boon Chye, CEO of the Singapore Exchange. In Asia-Pacific, 79% of investors increased ESG investments “significantly” or “moderately” in response to the pandemic.
Indonesia: Pulp and Paper Firms Stoke Demand that may Drive Deforestation
Plans for expansion by the pulp and paper industry in Indonesia threaten to reverse a declining rate of deforestation for pulpwood plantations, according to an NGO analysis, despite an increasing number of producers and buyers of wood pulp and paper have adopted zero-deforestation commitments in recent years.
Minister: Singapore must Ensure Digital Infrastructure is Environmentally Sustainable
At a virtual event held for the opening of Digital Realty’s third and largest data centre in Singapore, Minister for National Development Desmond Lee warns that as the digital economy continues to grow, it is important for Singapore to ensure that its digital infrastructure is “as environmentally sustainable as possible”.
“Smart, resilient and sustainable buildings like SIN12 are what we are actively encouraging in Singapore in our ongoing efforts to transform our built environment sector.”
Japan: kai Develops World's First Disposable Paper Razor
kai, a Japanese knife manufacturer, has announced the launch of the world’s first paper razor. Created with eco-friendliness in mind, the disposable razor use paper throughout the body and metal for the blade, reducing the use of plastic by 98% compared to conventional razors.