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Nan Fung Group Introduces HID-enabled Employee Badge in Apple Wallet for Employees and Tenants of its Flagship Building AIRSIDE

Transforming the employee experience in a modern workplace and accelerating the adoption of digital access infrastructure in Asia’s commercial real estate


HONG KONG SAR – Media OutReach Newswire – 28 June 2024 – Nan Fung Group (Nan Fung), a privately-held conglomerate with global interests in real estate development, has partnered with HID, a worldwide leader in trusted identity solutions, to introduce a new employee badge in Apple Wallet for Nan Fung’s AIRSIDE commercial property. Located at the heart of the new Central Business District in Kai Tak, the 32-storey Grade A innovative office complex is one of the first employee badge implementations in Apple Wallet in Asia’s commercial real estate powered by HID.

Turnstile

Employees can now safely and easily gain access to the AIRSIDE office tower with just a simple tap of their iPhone or Apple Watch. The HID-enabled solution will allow AIRSIDE’s office tenants and their employees to seamlessly and securely add their employee badge to Apple Wallet and tap their iPhone or Apple Watch to unlock office doors, turnstiles, elevators, key card-protected amenity spaces, and even copy machines — eliminating the need to open an app or present a traditional, plastic access key.

(Photo 2: The entrance of the AIRSIDE office tower)
(Photo 2: The entrance of the AIRSIDE office tower)

Nan Fung employee badge in Apple Wallet helps deliver a convenient and contactless experience. Employees can add their employee badge to Apple Wallet after an initial set-up through Nan Fung Group’s NF Touch App. Once added, the badge will give them access to enter the AIRSIDE office building, office space and shared amenity spaces. Unlike the physical cards, there is no waiting time for gaining building credentials and access for new employees.

(Photo 3: Nan Fung NF Touch and Employee Badge in Apple Wallet)
(Photo 3: Nan Fung NF Touch and Employee Badge in Apple Wallet)

Once an employee badge is added and activated in Apple Wallet, employees can hold their device near a door’s NFC-enabled lock to seamlessly access secured areas. With Express Mode, employees don’t need to unlock their device to use their badge in Apple Wallet. If an iPhone needs to be charged, employees can still use their device to access their office or amenity areas with Power Reserve.

(Photo 4: Gain access to secured area with a simple tap of an iPhone or Apple Watch on a door’s NFC-enabled lock)
(Photo 4: Gain access to secured area with a simple tap of an iPhone or Apple Watch on a door’s NFC-enabled lock)

Employee badges in Apple Wallet are stored on personal devices and take full advantage of the privacy and security built into iPhone and Apple Watch. When AIRSIDE employees use a badge in Apple Wallet, it is never shared with Apple or stored on Apple servers. If their iPhone or Apple Watch is misplaced, the owner of the device can promptly use the Find My app to lock the device and help locate it.

The partnership with HID has reaffirmed Nan Fung’s vision for AIRSIDE as the flagship development in the heart of Kowloon, a definitive pioneer of innovation. By seamlessly integrating this secure and convenient access solution on iPhone or Apple Watch, Nan Fung is pleased to offer an enhanced experience for AIRSIDE tenants and their employees.

Jerry Wang, Regional Head, North Asia, Physical Access Control Solutions at HID said, “Mobile devices have become an integral part of our daily lives, both personally and professionally. The integration of HID-enabled employee badges represents a significant leap forward, merging advanced security, effortless accessibility and unparalleled convenience that will transform the modern workplace. Our collaboration with Nan Fung celebrates more than a partnership; it marks a significant milestone in creating spaces that are as dynamic and adaptable, reshaping the experience of every employee who walks through the doors of AIRSIDE.”

Billy Hui, Executive Director of Hong Kong Property, Nan Fung Group, said: “At Nan Fung, we prioritize the comfort and satisfaction of our valued office tenants and their employees by embracing technology and forward-thinking solutions. We are thrilled to announce our partnership with HID, which has revolutionized the access experience for both our tenants and employees. This significant advancement marks a new era of convenience and efficiency within our organization. Looking ahead, we are eager to explore additional opportunities to further enhance the office employee experience.”

Nan Fung remains committed to embracing technological advancements and continually seeks innovative solutions across all aspects of its operations. By partnering with HID and using its Mobile Access solution, the process of granting employee credentials has been digitalized, offering a more convenient and seamless experience. Additionally, tenants and employees at AIRSIDE can leverage the tenant portal for various purposes, including accessing the building, scheduling visitor appointments, reviewing Environmental, Social and Governance (ESG) performance, browsing the latest building circulars, and requesting office services, thereby enhancing value for customers and business partners. Employees can also download and use the NF Touch App to access the exclusive tenant-only offers to the AIRSIDE building, its facilities, and all the necessary tools for productivity. NF Touch is Nan Fung’s unique loyalty program which not only curates’ exclusive privileges for members, but also encourages them to lead a healthy and green lifestyle, while supporting NGOs that care for those in need in our community.

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About AIRSIDE

AIRSIDE is a 1.9 million sq. ft. mixed-use commercial development in the Kai Tak area. Situated in Kowloon’s Central Business District, the 47-storey development comprises a 32-storey Grade A office, and a 700,000 sq. ft. multi-storey shopping mall interconnected with an underground shopping street. AIRSIDE embraces a new urban lifestyle concept of “Wholeness”, integrating sustainable living with cultural and lifestyle experiences.

About Nan Fung Group

Nan Fung Development Limited is a subsidiary of the Nan Fung Group, one of the largest privately held conglomerates in Hong Kong with global interests in real estate development and investment. Nan Fung holds a well-diversified and substantial financial investment portfolio. The Group was founded in 1954 and has a track record spanning more than 50 years with over 165 projects including residential, commercial and industrial buildings. The Group also strategically focuses on first-tier cities in mainland China and recognises attractive opportunities for development and investment overseas, including New York and London.

In recent years, the Group has expanded its investment focus to ICE (Innovation, Creativity and Entrepreneurship), exemplified by its signature project, The Mills, a revitalisation of its legacy yarn factories into a hub promoting techstyle (intersection of technology and style) and an integrated destination housing an experiential shopfloor, startup incubator, and cultural museum. The Group has also made significant progress in investments related to life sciences in the US via Pivotal; and in mainland China via an affiliate, New Frontier, which focuses on healthcare, elderly care, education, and new technology.

About HID

HID powers the trusted identities of the world’s people, places and things. We make it possible for people to transact safely, work productively and travel freely. Our trusted identity solutions give people convenient access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people around the world use HID products and services to navigate their everyday lives, and billions of things are connected through HID technology. We work with governments, educational institutions, hospitals, financial institutions, industrial businesses and some of the most innovative companies on the planet. Headquartered in Austin, Texas, HID has over 4,500 employees worldwide and operates international offices that support more than 100 countries. HID is an ASSA ABLOY Group brand. For more information, visit .

© 2024 HID Global Corporation/ASSA ABLOY AB. All rights reserved. HID, the HID Blue Brick logo and the Chain Design are trademarks or registered trademarks of HID Global, ASSA ABLOY AB, or its affiliates(s) in the US and other countries and may not be used without permission. All other trademarks, service marks, and product or service names are trademarks or registered trademarks of their respective owners.

ONYX Hospitality Group Continues Winning Streak with “Outstanding Hotel Chain Partner” Award from Trip.com Group


BANGKOK, THAILAND – Media OutReach Newswire – 28 June 2024 – ONYX Hospitality Group proudly announces its latest triumph, securing the prestigious “Outstanding Hotel Chain Partner 2024.” This global recognition comes from Trip.com Group, an eminent one-stop travel service provider operating in 39 countries and regions, with a presence in 24 languages and transactions in 35 local currencies.

ONYX image 28Jun.jpg

The esteemed award highlights ONYX Hospitality Group’s unwavering commitment to excellence and innovation in the Southeast Asian hospitality landscape. Renowned for its tailored approach to guest experiences, ONYX Hospitality Group stands as a distinguished leader in the industry. This dedication permeates every aspect of its operations, ensuring guests enjoy unmatched service and experiences that exceed expectations, distinctly setting us apart from competitors.

Yuthachai Charanachitta, CEO of ONYX Hospitality Group, stated, “Receiving the ‘Outstanding Hotel Chain Partner 2024’ award from Trip.com Group is a testament to our relentless commitment to excellence and innovation in hospitality. This recognition underscores our strategic focus on providing exceptional experiences for all traveller segments, from luxury seekers and families to medical tourists. Our partnership with Trip.com Group is instrumental in enhancing our global reach, particularly within the Chinese market. We are dedicated to continually raising the bar in hospitality, ensuring every guest enjoys unparalleled service and memorable experiences.”

“While China remains our second-largest market in 2024, we see tremendous potential for growth. Leveraging the expertise and reach of Trip.com, we are poised to further elevate our presence and offerings to Chinese travellers, solidifying our position as their preferred choice for exceptional hospitality experiences.”

This latest accomplishment underscores ONYX Hospitality Group’s dedication to nurturing a strong partnership with Trip.com Group, showcasing outstanding performance in engagement, rate parity, and overall appeal. Through strategic promotions, sponsored ads, and enticing discounts, ONYX Hospitality Group continues to set the benchmark for collaborative success in the dynamic online travel sector.

With an expansive portfolio encompassing esteemed brands such as Amari, OZO, Shama, and Oriental Residence, ONYX Hospitality Group is uniquely positioned to cater to a diverse array of traveller segments. From discerning luxury seekers to budget-conscious explorers, and from families and couples to groups of friends embarking on multi-generational adventures, our collection of hotel brands offers tailored experiences for every type of traveller.

This versatility ensures that the hotel brands under ONYX Hospitality Group are perfectly attuned to the burgeoning trend of independent tourism, particularly resonating with Chinese travellers and other key demographics worldwide. Moreover, our properties are adept at accommodating large group tours, providing unparalleled hospitality to guests of all backgrounds.

Follow us on Instagram: https://www.instagram.com/onyxhospitalitygroup/
Follow us on LinkedIn: https://www.linkedin.com/company/onyx-hospitality-group/
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Hashtag: #ONYX

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Belle Femme Launches New Range of Sustainable Skincare Products

Introducing Belle Femme, Singapore’s newest skincare brand committed to sustainability.


SINGAPORE – Media OutReach Newswire – 28 June 2024 – Belle Femme is excited to announce its much-anticipated online debut in Singapore’s vibrant beauty and personal care market. This new digital presence marks a significant milestone for the home-grown brand, allowing it to reach a wider audience and offer its exquisite range of skincare products to consumers who prioritise quality and sustainability.

Belle Femme 20240605.jpeg

With e-commerce revolutionising the beauty industry, Belle Femme’s online launch is perfectly timed to meet the demands of today’s digitally savvy consumers. The convenience of online shopping has become essential, and Belle Femme’s digital move ensures that customers can easily explore and purchase their favourite products from the comfort of their homes.

Conscious Skincare

Belle Femme is dedicated to offering inclusive and effective skincare solutions that are suitable for all skin types. Each product is formulated with high-quality, clinically-proven ingredients known for their efficacy and skin-friendly properties. Belle Femme’s range promises to deliver visible results without compromising on safety or integrity.

The brand is steadfast in its commitment to mitigating its environmental footprint through various sustainability endeavours. This encompasses the use of eco-friendly packaging, sourcing ingredients from certified and ethical suppliers, and adopting practices that reduce waste and carbon emissions – all while maintaining affordability amongst the diversity of brands and products in the market. By selecting Belle Femme, consumers not only enhance their skin but also endorse a brand that prioritises the well-being of the planet. Each product in Belle Femme’s line-up reflects the brand’s focus on sustainable beauty solutions that support skin health from the deep layers to the surface.

Beauty with Purpose

Belle Femme’s commitment lies in educating consumers about the advantages of minimal skincare and the significance of sustainability – as consistency is key to good skin health. Through comprehensive product details and transparency regarding ingredient sourcing, Belle Femme empowers customers to make decisions that benefit both their skin and the environment.

With its recent launch into the skincare market, Belle Femme goes beyond skincare; it promises beauty which seeks to empower females of all ages through the power of minimalistic skincare. By simplifying routines and using gentle, clinically-proven ingredients, Belle Femme helps consumers achieve healthy and radiant skin.

Hashtag: #BelleFemme




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About Belle Femme

Belle Femme is a Singaporean beauty, cosmetic, and personal care brand dedicated to promoting balanced, sustainable skincare. Our products are designed to address a range of skin concerns, including hormonal imbalances, troubled skin, and sensitivity. We simplify skincare routines by combining essential ingredients into effective formulations – an intricate and inclusive range of skin formulations that prioritise gentleness and efficacy.

High-Tech River Management: USAID, MRC Fund Remote Sensing for Mekong Basin

Anoulak Kittikhoun, the CEO of MRC (left), shakes hands with Steven G. Olive, Director of USAID’s Regional Development Mission for Asia after signing the grant agreement on 28 June 2024. (Photo: Chono)

The United States Agency for International Development (USAID) has entered into a grant agreement with the Mekong River Commission (MRC), pledging up to USD 5 million for the new “Mekong Basin Partnership.” This collaboration aims to enhance the coordination and management of water and other key natural resources across the Mekong region’s borders.

Phillip Nova Unveils the Guide to AUD/USD Trading: Market Dynamics, Technical Patterns, and Key Indicators

SINGAPORE – Media OutReach Newswire – 28 June 2024 – In the competitive realm of Forex trading, Phillip MetaTrader 5 introduces zero spreads and zero commission on the AUD/USD currency pair, aiming to redefine the trading experience. Delve into the intricacies of the AUD/USD pair, influenced by economic indicators, technical trends, and global events. This article provides valuable insights into its volatility drivers and effective strategies for navigating its dynamic trading landscape.

Introduction to AUD/USD

The AUD/USD currency pair represents the value of the Australian dollar (AUD) relative to the US dollar (USD) and is one of the most actively traded pairs in the Forex market. The pair is significantly influenced by economic indicators from both Australia and the United States, including interest rate decisions, GDP growth, employment data, and trade balances.

Historical Context and Volatility

The Australian economy’s reliance on natural resources and commodity exports, especially iron ore, coal, and gold, makes the AUD/USD pair sensitive to commodity price fluctuations and demand from major trading partners like China. Additionally, the interest rate differential between the Reserve Bank of Australia (RBA) and the Federal Reserve (Fed) can impact the exchange rate, with higher interest rates in Australia typically strengthening the AUD. The pair is also influenced by risk sentiment, appreciating during times of global economic optimism and depreciating during periods of economic uncertainty. Trade relations between Australia and major partners, particularly the US and China, play a crucial role, and any changes in trade policies, tariffs, or geopolitical tensions can affect the AUD/USD pair.

The AUD/USD currency pair is known for its volatility, reacting to global economic events, commodity price changes, and geopolitical developments. It is most active during the overlapping trading hours of the Australian, Asian, and US sessions. The pair’s historical context includes significant fluctuations due to major economic events such as the Global Financial Crisis in 2008, changes in commodity prices, and differing monetary policies between the RBA and the Fed. Overall, the AUD/USD pair is dynamic and heavily monitored by traders and investors who consider various economic factors and global events to validate their trading strategies.

Technical Outlook for AUD/USD

After peaking around 0.8000 in February 2021, the AUDUSD has been on a massive downtrend to currently hovering around the 0.6650 region. The pair started the year at 0.68 where sellers dominated the markets, and eventually bottomed at 0.6360 on 19 April after which the AUDUSD posted a strong rebound to test the resistance zone of 0.6700. Throughout May and June, the AUDUSD consolidated in a narrowing range, forming a symmetrical triangle. The symmetrical triangle is typically a continuation pattern, however, as there isn’t a strong bullish trend preceding the pattern, there isn’t a clear directional bias. Despite the lack of clear direction, traders can await for the confirmation by a breakout in either direction. An upside breakout from the triangle would provide opportunity for traders to trade an uptrend towards a price target at 0.687, while a downside breakout would send the pair testing support around 0.6440.

Zero Spreads, Zero Commission

Traders can now experience unparalleled trading conditions with an exclusive zero spreads, zero commissions offer on the AUD/USD currency pair. With zero spreads, traders can enter and exit trades at the exact market price, ensuring traders capture every potential pip of profit. No commission mean traders retain 100% of the gains, enhancing the overall trading performance. Take advantage of this unique opportunity to trade AUD/USD with no hidden fees and see the difference it can make to the trading success. Learn more here.

Hashtag: #PhillipNova #Investment #Trading #MT5 #Currencytrading #Forex





The issuer is solely responsible for the content of this announcement.

Phillip Nova

Phillip Nova (formerly known as Phillip Futures) was inaugurated in 1983 as a member of PhillipCapital Group and is one of the founding clearing members of Singapore Exchange Derivatives Trading (SGX-DT). We have since grown to become one of the region’s top brokerages for the trading of Stocks, CFD, Forex, global Futures and Commodities. The Group has clearing memberships in 21 global exchanges, including APEX, BMD, CME Group exchanges, DGCX, HKEX, ICDX, ICE Singapore, JPX Group exchanges, NSE, TFEX, TOCOM and SGX Group exchanges.

Enjoy Zero Spreads and Zero Commission on AUD/USD currency pair only in July .

Determined Indonesian Student Thrives at CUHK’s Global Economics and Finance programme


HONG KONG SAR – Media OutReach Newswire – 28 June 2024 – The Chinese University of Hong Kong (CUHK) is thrilled to welcome rising star Beatrice Valerina Djayasaputra to its prestigious Global Economics and Finance (GLEFN) programme. This determined Indonesian scholar is already making waves with her impressive achievements and inspiring insights.

Determined Indonesian Student Thrives at CUHK’s Global Economics and Finance programme

Beatrice graduated at the top of her class from the renowned SMAK 1 BPK Penabur high school in Jakarta. She shared that Hong Kong has become an increasingly popular study destination for students from her school, drawn by the city’s world-class universities and unparalleled career opportunities, especially in the finance sector. “Hong Kong is just a 5-hour flight from Indonesia, making it an incredibly accessible hub for us,” Beatrice noted enthusiastically.

When it came to choosing a university, Beatrice was immediately drawn to CUHK’s stellar reputation as one of Asia’s academic powerhouses. The university’s generous scholarship offerings and vibrant Indonesian community on campus were also major factors. “CUHK’s beautiful campus environment and guaranteed 3 to 4 years on-campus housing were the icing on the cake,” she added.

Beatrice is thriving in the GLEFN programme, which has exceeded her high expectations. “The courses align with my interests in finance and economics, and the programme provides great resources and a supportive community to help me grow,” she shared. Beatrice, a former science student, has been grateful for the unwavering support of her professors and teaching assistants as she transitions into the world of economics and finance.

Looking ahead, Beatrice plans to launch her career in Hong Kong’s thriving finance and consulting industries before ultimately returning to make her mark in Indonesia. “The Indonesian community at CUHK is growing stronger every day, and the university’s global reputation and resources are unparalleled,” she enthused. “CUHK is truly an excellent choice for Indonesian students seeking a transformative educational experience.”

Programme Details: CUHK’s Global Economics and Finance (GLEFN) Programme

CUHK’s GLEFN programme is designed to nurture the next generation of global leaders through an innovative, interdisciplinary approach to economics and finance education. Key highlights include:

  • Intimate Class Sizes: The programme’s small intake allows for personalised attention and close collaboration with renowned professors and industry experts.
  • Diverse International Cohort: GLEFN attracts a vibrant mix of students from around the world, fostering cross-cultural exchange and a truly global mindset.
  • Comprehensive Support: GLEFN students benefit from the resources and expertise of two CUHK departments and faculties, including scholarships, internships, and dedicated academic advising.

By blending cutting-edge theory with real-world applications, the GLEFN programme equips graduates with the research, analytical, and leadership skills needed to thrive in the dynamic banking and finance sectors.

For more information about CUHK and its global programmes, please visit https://admission.cuhk.edu.hk/.
Hashtag: #CUHK

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About The Chinese University of Hong Kong (CUHK)

The Chinese University of Hong Kong is a leading research university in Asia. Established in 1963, CUHK is committed to nurturing talent and expanding the frontiers of knowledge to foster a better world. It offers a wide range of undergraduate and postgraduate programs through its nine constituent colleges and schools. CUHK has a strong emphasis on global engagement, with partnerships and exchange programs with top universities worldwide.

Amazon Global Selling in Singapore Launches First Cross-Border E-commerce Trend Report


Singapore Sellers Achieved Double-Digit Sales Growth in 2023
Continue to Support Singapore Sellers to Prepare for Amazon’s 10th Prime Day Event, Returning This July 16 & 17

SINGAPORE – Media OutReach Newswire – 28 June 2024 – Amazon Global Selling Singapore today released its 2024 Amazon Global Selling Trend Report titled “Fostering Entrepreneurship & Building Global Brands,” detailing the opportunities in cross-border e-commerce (export e-commerce) for Singapore entrepreneurs, the performance highlights of local sellers on Amazon’s stores and the inspiring stories of successful local entrepreneurs. According to the report, Singapore sellers maintained their momentum in 2023 and achieved double-digit sales growth on Amazon’s international stores.

2024 Amazon Global Selling Trend Report
2024 Amazon Global Selling Trend Report

By leveraging Amazon’s global tools and resources to reach worldwide customers on Amazon’s international stores, Singapore sellers hit record sales during Prime Day 2023. With Amazon’s 10th Prime Day Event returning this July 16 & 17, the Amazon Global Selling Singapore team is working closely with local sellers to empower them for another successful Prime Day.

Anand Palit, Head of Amazon Global Selling, Southeast Asia, said: “We believe that Singapore sellers have high potential in cross-border e-commerce industry, and we’re committed to fueling their success by providing the knowledge and online export expertise they need to thrive on a global scale. This includes leveraging Amazon’s global resources and local efforts, such as the Cross-border Brand Launchpad Program jointly launched through collaboration with Enterprise Singapore and the Singapore Business Federation. This program equips local entrepreneurs with cross-border e-commerce skills, helps them access the burgeoning opportunities of this sector, and build a long-term global business.”

Three Key Takeaways from the 2024 Amazon Global Selling Singapore Trend Report:

Singapore sellers are primed to capture the global e-commerce opportunity
The 2024 Amazon Global Selling Singapore Trend Report paints a promising future for Singapore sellers engaging in export e-commerce. Revenue from B2C e-commerce export is projected to more than double from $1.7 billion in 2022 to $3.9 billion by 2027, if they invest in cross-border e-commerce. With 44% and 36% of Singapore MSMEs eyeing opportunities in the United States and United Kingdom, respectively[1], cross-border e-commerce allows sellers to bypass traditional B2B models and connect directly with a global customer base.

Singapore sellers are establishing themselves on Amazon’s international stores
Singapore sellers, with their high-quality products and brands, have received wide recognition from global customers on Amazon’s international stores. KeaBabies, a home-grown brand providing eco-friendly, high-quality baby products, started selling their first batch of baby goods on Amazon.com in 2017. Within a year, KeaBabies expanded to Europe, and today, their products can be found across 10 Amazon stores worldwide, including North America, Europe, Singapore, and Australia. During Prime Day 2023, they reached over USD$1 million in sales on Amazon’s global stores over the two-day event. Their Baby Wrap Carrier was also ranked as the Best Seller[2] in its category.

Jane Neo, Chief Business Officer & Co-founder of KeaBabies, said: “Selling on Amazon enabled us to expand to 10 countries within two years. 2023 was a phenomenal year for us, achieving S$78 million in global sales. Amazon has the robust infrastructure, logistics, and trustworthiness to support a seamless shopping experience for our customers and establish credibility for our products.”

Empower Singapore Sellers to Scale Globally through Innovative Tools, Programs, and Services
Amazon Global Selling has set up a dedicated team in Singapore to introduce the export e-commerce opportunity since 2019 and has been committed to supporting Singapore entrepreneurs in tapping into this new business model. In 2023, Amazon Global Selling Singapore held its annual Amazon Global Selling Summit, the flagship event for aspiring, current, and experienced sellers in Singapore and Southeast Asia to unlock their selling journey on Amazon’s international stores. The team also worked to foster a thriving local seller community by connecting sellers through the Amazon Seller Ambassador program and by providing regular networking events and introductions on tools, programs, and policies on Amazon’s global stores.

On learning and development, the Amazon Seller Education team in Singapore has provided a comprehensive library of resources for Singapore sellers. The readily available content covers the sellers’ journey, from registration to launching and expanding their businesses globally. In 2023, the team launched an interactive training program, offering online courses with real-time interaction. This program has attracted over 5,000 attendees.

To view the full 2024 Amazon Global Selling Trend Report, visit sell.amazon.com.sg/amazon-global-selling-trend-report-2024.


[1] Research from Alpha Beta

[2] Based on Amazon.com Best Sellers Ranking as of May 2024

Hashtag: #AmazonGlobalSelling

The issuer is solely responsible for the content of this announcement.

About Amazon Global Selling

Amazon Global Selling helps businesses from anywhere in the world to launch a global business, reaching Amazon customers around the world and building international brands. Through selling on Amazon, sellers of different types and sizes can directly reach Amazon’s hundreds of millions worldwide active customer accounts, including more than 200 million Prime customers worldwide; and more than six million of business customers worldwide.

To learn more, please visit: sell.amazon.com.sg

New data reveals slow progress on deforestation in Southeast Asia


SINGAPORE – Media OutReach Newswire – 28 June 2024 – New data from the Accountability Framework initiative (AFi) and CDP shows that achievement of deforestation- and conversion-free supply chains is possible, but still uncommon around the world.

The AFi and CDP examined hundreds of company disclosures and revealed their findings in Time for Transparency. The report provides the first clear and quantitative look at the extent to which major companies have been able to eliminate deforestation from their supply chains.

Based on disclosures made last year through CDP, eight companies in Southeast Asia say they have achieved at least one deforestation and conversion-free commodity supply chain, based on a high-quality disclosure. Those supply chains are two for timber products, five for palm oil, one for soy, and one for cocoa.

Of 37 companies in Southeast Asia that reported on their management of deforestation during the previous year, only 21 companies disclosed information through CDP in response to questions on deforestation and conversion-free supply chains. Of these, 10 companies made a high-quality disclosure, reporting that at least one of their commodity supply chains was less than 90% free from deforestation and conversion.

“We recognise that over half of companies located in Southeast Asia were transparent about the extent to which their supply chains are free from deforestation and conversion,” said Tomasz Sawicki, Head of Land, CDP. “But the analysis shows that the number of disclosures from the region is still low and that that the majority of companies remain far from achieving deforestation- and conversion-free supply chains by 2025, which is the immediate target.”

Globally, 881 companies disclosed, and about half of the companies (445) disclosed on deforestation- and conversion-free progress. However, only 186 companies provided clear and appropriate information to justify their claims. 64 companies worldwide say they have achieved deforestation and conversion free supply chains.

“Companies must eliminate deforestation and conversion from their supply chains to meet near-term climate and nature targets, as well as to comply with emerging laws like the EU Deforestation Regulation,” said Leah Samberg, Lead Scientist, AFi. “These new data demonstrate that companies need to invest in effective monitoring and control systems to address deforestation and conversion associated with their operations and suppliers, however few are doing so.”

A variety of issues undermined the reliability of information companies disclosed, such as reliance on certification programs and risk assessments that cannot guarantee commodities are deforestation-free. Additionally, some disclosures were missing important information on company activities, products, regions, or suppliers.

“Companies need to provide stronger evidence to support claims that their commodity supply chains are free of deforestation and conversion,” Sawicki said.

The report calls on companies that produce or source agricultural or forestry commodities to communicate publicly and to suppliers their intentions to achieve deforestation- and conversion-free supply chains. Importantly, they should consider the impacts of their supply chains on all natural ecosystems, not only forests. To achieve compliance with polices, companies should also monitor and engage their suppliers.

“Making no-deforestation or no-conversion intentions clear through public policies, commitments, and supplier engagement supports disclosure and helps accelerate the transition to responsible production and trade,” Samberg said.

The report concludes that it is imperative that companies not only pledge to deforestation- and conversion-free operations but also take concrete steps towards this goal. Comprehensive responses to disclosure requests, transparent communication of policies, a thorough understanding of certification processes, and a proactive approach to risk assessment are all crucial. By focusing on these areas, companies can make significant strides in preserving natural ecosystems and ensuring the integrity of their supply chains, ultimately contributing to a more sustainable future for all.

The CDP forests questionnaire tracks company performance on eliminating deforestation from agricultural and forestry supply chains. A record-breaking 1,152 companies disclosed through it in 2023. It was the first-year companies disclosed on deforestation- and conversion-free supply chains in a standardised format using indicators developed in partnership with the Accountability Framework initiative.

The Global Forests Report 2024, titled “Time for Transparency: Deforestation-and Conversion-Free Supply Chains,” is available in both English and Bahasa Indonesia.
Hashtag: #CDP #EnvironmentalDisclosure #GlobalForestReport2024



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About CDP

CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states, and regions. Founded in 2000 and working with over 700 financial institutions representing more than US$142 trillion in assets. CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 24,000 organizations around the world disclosed data through CDP in 2023, including more than 23,000 companies worth two thirds global market capitalization, and over 1,100 cities, states, and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy.

About the AFi

The Accountability Framework initiative (AFi) is a collaborative programme to protect forests, other natural ecosystems, and human rights by making ethical production and trade the new normal. To achieve this critical transformation, the AFi promotes and supports implementation of the Accountability Framework, a detailed roadmap for setting goals, taking action, and reporting progress towards ethical supply chains. The initiative is led by the AFi Coalition: a diverse group of 24 environmental and human rights organisations from around the world that developed the Accountability Framework and work to drive positive impact in the agriculture and forestry sectors. Visit us at accountability-framework.org.