Sustainability in Asia Pacific

Asia Pacific’s time to get serious about sustainability & ESG

Asia Pacific’s time for the Sustainabilty revolution

Asia Pacific is a centre of growth and urbanisation. It is shaped by abundant biodiversity and plays a critical role in the global supply chain. This means that it is poised to address the climate crisis and sustainability challenges in ways that are resilient, ambitious and highly inventive. But how well can businesses adapt to a changing world? Success is no longer measured by finances alone. From net zero to the circular economy, from human rights to supply chain resilience, ESG issues will drive transformation – so we can all take bold steps forward.

PwC brings together an unexpected and dynamic combination of talent and technology to help you to drive your sustainability strategy into the heart of your business, making the operational, cultural and financial changes needed to deliver sustainable business advantage and long term value.

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"Climate change isn’t a challenge for future generations, but one that we must all tackle together, today. All of us have a vital role in building a sustainable future – working together, through innovation, collaboration and bold thinking. Our passionate community of solvers are ready to work with you to build trust today to secure a sustainable Asia Pacific of tomorrow."

Raymund Chao,PwC Asia Pacific and China Chairman

Sustainability matters: Connected opportunities to create significant, sustained value.

Asia Pacific is at an important juncture. The fundamentals that underpinned the region’s dramatic growth over the past three decades may not be sufficient to carry humanity through this era of continuous disruption. 

Governments and regulators have started using targets, policy and regulation to shape the markets and make progress at the pace and scale needed to secure the sustainable future of the region. Most Asia Pacific countries have revised their climate targets, and almost a third have Net Zero commitments

It is not only about climate change or reducing emissions but embedding broader sustainable development goals. There are a plethora of concerns including a just transition to net zero, enabling development considering social & ecological sustainability, changing employment dynamics & maximising inherent opportunities. The challenges that lie ahead for businesses are not only to rethink strategy, investment and business behavior to align with the sustainable goals, but to also assess and evidence their impact.

Sustainability priorities for Asia Pacific

Climate Change: Code Red to go Green​ 

The latest report from the UN’s Intergovernmental Panel on Climate Change (IPCC) finds that greenhouse gas emissions (GHGs) must peak no later than 2025 to avoid the irreversible effects of climate change.​ 

Asia Pacific has a crucial role to play. An increasing share of global emissions will come from the region; its share of global emissions has seen an increase from 35% in 2010 to 39% in 2019. Asia Pacific needs to urgently accelerate decarbonisation.​ 

Net zero transformation ensures that business growth not only benefits the bottom line, but also leaves a lasting legacy for people and the planet.​

But governments, businesses and society are not acting fast enough. The global decarbonisation rate in 2021 was the lowest in over 10 years at just 0.5%. This continues to take us further away from what we need to do to limit global warming to 1.5°C above pre-industrial level. A delayed transition in Asia Pacific can be severely disruptive. The time to act is now.

Begin your decarbonisation journey today

Biodiversity

Asia Pacific is rich in biodiversity found nowhere else on the planet. Nature loss in the region will negatively affect economic activities dependent on nature, with as much as 63% (US$19 trillion) of Asia Pacific’s GDP at risk according to Temasek.  ​ 

There is potential financial upside from taking up concerted business action to protect nature. Nature-positive development in Asia Pacific could unlock US$4.3 trillion of annual economic value and 232 million jobs by 2030.

The “S” in ESG: Striving for a “just transition”​ 

Two-thirds of Asia Pacific’s workforce are employed informally and as a result, half are surviving on less than $5.50 a day. It is crucial for Asia Pacific to decarbonise while ensuring economic security and protecting the most vulnerable and marginalised groups.​ 

The pandemic has brought a much sharper focus on businesses’ social responsibility, and as we transition to a net zero economy, specific social and economic conditions need to be considered beyond environmental priorities.​ 

For Asia Pacific to achieve a just transition, this involves taking into account the most vulnerable communities, including small businesses, and workers suffering job losses.

Sustainable Finance

The Asia Investor Group on Climate Change estimated that the investment opportunity for Asia’s energy supply to achieve Net Zero is up to US$37 trillion cumulatively from 2020 to 2050.​

The capital market, through a combination of incentives and deterrents, is in a unique position to drive meaningful change in sustainability practices in Asia Pacific. 

Building sustainable and resilient supply chains 

ESG concerns have led to increasing pressures for companies to clean up their supply chains and look deeply at the social, environment and community impacts these supply chains can have. Understanding these impacts can drive improvements to corporate strategy, day to day operations, the value being created in the supply chain, and the values of these supply chain. These all will ultimately have an impact in financial performance.

Building trust through quality ESG reporting

Transparency and accountability have long been the hallmark of investment decision-making. ​ 

To attract the right investment to support your ESG journey, the quality, accuracy and completeness of sustainability reporting must meet similar levels of transparency as financial reporting. 

Organisations are rising to the challenge. Close to 1,700 companies and organisations in Asia Pacific have signed up to support the Task Force on Climate-related Financial Disclosure (TCFD), accounting for almost half of its 3,400 global supporters (September 2022). In addition, more than 600 companies within the region have signed up to the Science Based Targets Initiative (SBTi)

Start your Net Zero journey and simplify your carbon reporting

PwC at COP28

As the United Nations Climate Change Conference convenes from 30 November to 12 December in Dubai, PwC will join the discussions to help advance meaningful action to address the climate and nature crises. Learn more.

ESG: Defining Asia Pacific's Future podcast series

Hosted by PwC’s Asia Pacific experts in ESG, this podcast takes a close look at Asia Pacific perspectives on ESG trends and issues - what is new, what the future looks like, and why we have to change.

Listen now

Sustainability research and insights 

Join our community of solvers 

Our Asia Pacific Sustainability team is looking for more world-class solvers to join our community and make an impact. PwC offers roles as diverse as our teams, in an inclusive and exciting place to work. If you’re interested in being part of #TheNewEquation, we’d love to hear from you. 

To find out more about careers with Asia Pacific Sustainability, contact Mark Brookes, in our Talent Acquisition team.

Get in touch

Asia Pacific Sustainability Team

Ivy Kuo

PwC Asia Pacific Sustainability Leader, Partner, PwC China

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Denis Daley

Asia Pacific Sustainability, Chief Operating Officer, Managing Director, PwC Singapore

+65 8729 0380

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Andrew Chan

Asia Pacific Sustainability, Strategy, Transformation, Clients & Markets, PwC Malaysia

+60 3-2173 0348

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Jeremy Prepscius

Asia Pacific Sustainability, Sustainable Supply Chains, Managing Director, PwC Hong Kong

+852 (0)2289 8888

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Keagan Rubel

Asia Pacific Sustainability, Sustainability Office as a Service, Director, PwC Singapore

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Kushal Chadha

Asia Pacific Sustainability, Deals, Private Equity and Sustainable Finance Partner, PwC Australia

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Lit Ping Low

Asia Pacific Sustainability, Climate Change, Partner, PwC Hong Kong

+65 8125 0845

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Melissa MacEwen

Asia Pacific Sustainability, Circular Economy, Director, PwC New Zealand

+64 27 726 0176

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Robert Pedler

Asia Pacific Sustainability, Digital, Managing Director, PwC Australia

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Sean Purdie

Asia Pacific Sustainability, Energy Transition, Managing Director, PwC Hong Kong

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Perpetua George

Asia Pacific Sustainability, Biodiversity, Director, PwC Malaysia

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Sustainability Territory Leaders

Jon Chadwick

Global Sustainability - Energy Transition Lead, Partner, PwC Australia

+61 (0)3 8603 1000

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Amy Cai

Partner, ESG Managing Partner, PwC China

+86 (21) 2323 3698

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Yuliana Sudjonno

ESG Lead, PwC Indonesia

+62 21 509 92901

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Yuki Isogai

Partner, ESG Centre of Excellence Technical Leader, PwC Japan

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Andrew Chan

Asia Pacific Sustainability, Strategy, Transformation, Clients & Markets, PwC Malaysia

+60 3-2173 0348

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Annabell Chartres

Asia Pacific Sustainability, Clients & Markets Partner, PwC New Zealand

+64 21 799 927

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Alexander Cabrera

Partner, ESG Leader, PwC Philippines

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Eu-Lin Fang

Sustainability and Climate Change Leader, Singapore, PwC Singapore

+65 6236 7328

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Parul Munshi

Partner, Workforce Transformation, PwC South East Asia Consulting, PwC Singapore

+65 9660 5011

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Steven Kang

Sustainability Platform Lead, PwC South Korea

+82 2 709 4788

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Eliza Li

Leader of Sustainability and Climate Change Services, Taiwan, PwC Taiwan

+886(02)2729 6685

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Kulawal Supesuntorn

Sustainability and Climate Change Leader, Thailand, PwC Thailand

+66 (0) 6426 36426

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Bee Han Theng

Partner, ESG Leader, PwC Vietnam

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Dinh Thi Quynh Van

Senior Partner, PwC Vietnam

+84 4 3946 2231

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