Yu Hsien Chien’s Post

Pleasure speaking at UNIDO's Development Dialogue. Thank you for the powerful key notes, H.E. Mr Siam and MD Mr Gunther Beger, for the excellent event, Ms. Virpi Stucki, and the great panel with Vidiya Amrit Khan, Daisuke SHAMOTO, Michael Smetana and Tsung-Ping Chung. I agree, we all in the Global North sphere need to stop talking about the bad practices of companies in developing and industrializing countries, but instead engage in working with them. Good sustainability solutions are jointly developed, local, and constantly evolving. For that we need to substitute our paradigms: away from the current cost reduction-focused procurement approaches toward approaches built upon value co-creation with suppliers and sub-suppliers! This paradigm change is under way in academia and business, but deserves acceleration.

It is undeniable that we are facing pressing concerns regarding global resource depletion and its potential impact on future generations. This sheds light on the alarming projection of a substantial rise in natural resource consumption by 2060, which poses risks to climate, biodiversity, and pollution control objectives. In response to these challenges, the Environmental, Social, Governance (ESG) framework has emerged as a crucial tool for businesses to embrace responsible practices. ESG advocates for ethical investments, sustainable sourcing, and operational excellence, thereby fostering sustainable trade. The article highlights notable companies that have successfully integrated ESG principles into their operations. In Malaysia, government agencies such as MITI and MATRADE are spearheading ESG adoption through initiatives like KenalESG and the iESG Framework. These endeavors seek to embed sustainability into policies and practices pertaining to international trade. Furthermore, MATRADE's Government Sustainability Engagement Programme (GSEP) and Greening of Export Supply Chain (GxSCI) play pivotal roles in fostering collaboration between the public and private sectors to promote sustainable trade. The article underscores the significance of ESG in driving economic prosperity while safeguarding environmental and social well-being. It emphasises the urgency for collective action to secure a sustainable future for generations to come. Special thanks to Edison Choong led by Abu Bakar Yusof, representing MATRADE's sustainability team, for providing the essence of this article. #ESG #Sustainability #MITI

We proudly present our new info leaflet “Green Future: Empowering Sustainable Compliance”! 🔎🏭🌏 Created by the GCC Sustainability Working Group, this essential guide is designed to help sourcing companies and their supplier networks stay on top of the various existing and forthcoming regulations at the EU level, and to better understand and embrace the latest trends and requirements in sustainability and compliance. The leaflet provides practical insights and guidelines to help manufacturers and suppliers in China align with global sustainability standards. Key Highlights: 💡 In-depth overview: Understand the latest regulations and their impact on your supply chain. 🏢 Practical guidelines: Step-by-step instructions to implement sustainable practices. 🌱 Compliance roadmap: Ensure your business meets the upcoming legal requirements. Read the full leaflet below or download it here 👇 English 🇬🇧: https://lnkd.in/g3w6B2S9 Chinese 🇨🇳: https://lnkd.in/gXnynTsW We encourage you to share this leaflet with your networks, especially manufacturers and partners in your supply chain who may not yet be aware of some of the regulatory changes and their implications. 🙏 Special thanks to the members of the Sustainability Working Group under the leadership of Michael Keppe 🇩🇪 🇭🇰 and Patrick Lee for joining forces in this initiative: Impala Services Ltd., OBI Group Sourcing Hong Kong Limited, Teal Goal Limited, Simba Dickie Group, Otto International, METRO Sourcing International Limited, ABO Energy, and TGI Technology Limited. 🤝 Our thanks also go to The Chinese General Chamber of Commerce, the Chinese Manufacturers’ Association of Hong Kong (CMA), and the Federation of Hong Kong Industries for their continued engagement and constructive feedback. Join us in our mission to promote sustainable business practices across the supply chain and contribute to a healthier environment and a more sustainable future! #GCCHK #sustainability #transparency #supplychain #duediligence #compliance 

https://lnkd.in/dkgq4Xkx Managers of industrial concerns will use “green strategies” to build competitive advantage. Deglobalization and shortening of supply chains is gaining momentum. And if the Polish Investment Zone, together with large and small ports, fits into these strategies, it will contribute to the implementation of the policy set by industry leaders during the February meeting in Antwerp.

WEBINAR: LEVERAGING LKSG LEARNINGS FOR EU CSDDD - GERMAN INDUSTRY INSIGHTS FOR CSDDD REGIONAL PREPAREDNESS GLOBALLY   ♻ As the EU Corporate Sustainability Due Diligence Directive (CSDDD) officially entered into force on 25 July 2024, companies worldwide are navigating the complexities of new compliance requirements. This webinar, hosted by the German Chambers of Commerce Abroad (AHKs), will provide invaluable insights into how companies can prepare for the CSDDD by leveraging the extensive experience gathered from implementing the German Supply Chain Due Diligence Act (LkSG).   🚩 Highlights: ✦  Country-specific due diligence regulations and EU CSDDD alignment, ✦  Regional challenges in due diligence implementation, ✦  Best practices for supplier collaboration across the value chain, ✦  Practical insights from AHKs on local and international supply chain compliance.   📅 Thursday, 12 September 2024 🕒 Time Zones: 17:00 – 18:30 Vietnam time (12:00 – 13:30 CEST) 🧐 Speakers: ✦ Ute Brockmann– Deputy Director General, AHK India (IGCC) ✦ Hanna Dittmeyer – Head of the Competence Centre Energy, Environment and Sustainable Economy, AHK Services Eastern Africa Ltd ✦ Raymond Wai Lam CHUNG – Director, Market Entry & Training Services, AHK Hong Kong ✦ Huyen Nhu Lanh – Project Coordinator for Sustainable and Climate Resilient Supply Chains, AHK Vietnam ✦ Carlos Fernandez – Director, Santa Cruz Regional Office, AHK Bolivia ✦ Indras Ghosh – Head, Sustainability, AHK India (IGCC) 👉 Don’t miss this opportunity to gain expert insights and prepare your business for the evolving regulatory landscape! We look forward to your participation. Register here: https://lnkd.in/ducYZtHg #Webinar #CSDDD #Sustainability #DueDiligence #SupplyChainCompliance #EURegulations #LkSG #GermanIndustry #GlobalPreparedness #SustainableBusiness #AHKInsights #CorporateResponsibility #SustainableSupplyChains #ComplianceStrategies #RegulatoryUpdates

Sustainability is the future of global trade. 🌿 As businesses increasingly embrace eco-conscious practices—reducing carbon emissions, promoting fair labor, and responsibly sourcing materials—sustainability is reshaping the trade landscape. Driven by consumer demand and evolving regulatory frameworks like the upcoming #EUDR, industries are setting a new global standard, pushing them to not only meet compliance but to lead in #sustainability. Industries now face the dual challenge and opportunity to adapt or risk exclusion from key markets. At the 39th Trade Expo Indonesia 2024 - ASEAN Sustainability Conference 2024, hosted by Ministry of Trade Republic of Indonesia and themed “Build Strong Connections with The Best of Indonesia,” our Co-Founder and Board Member, Ainu Rofiq, will be a featured speaker, joining the panel on ‘Fair Trade & Global Supply Chains’ to share insights on these pivotal topics:   🌍 Understanding #fairtrade and ethical practices: Why they matter now more than ever  📜 Unlocking the power of standards and certifications: The advantages for businesses and consumers alike  💡 Navigating the hurdles of ethical standards: Strategies for stakeholders to champion meaningful change  Join us to explore how ethical practices can transform global trade and ensure a more sustainable future! 🌱 

By the end of last year, SIPPO was prominently mentioned in “The Fifth Communication on Engagement of the Privredna komora Srbije | Chamber of Commerce and Industry of Serbia in Accordance with Ten UN Global Compact Principles”. The report refers to the introduction by SIPPO of its new intervention “Sustainable Market Access” into CCIS and its support at Biofach 2023 for the “Partnership for Sustainability”. The UN Global Compact Principles are an important reference framework for SIPPO’s seven Guiding Principles for Sustainable Trade that are contextualized to each of the six sectors in the SIPPO Programme. The goal of SIPPO’s training courses together with the CCIS was to inform employees of the Chamber of Commerce and Industry of Serbia on the concept of sustainability, business models of circular economy, as well as to transpose the elements of the newly adopted Agenda at the level of business entities. Read the full article here: https://lnkd.in/dZZ3RZmN, where you will also find the Report of CCIS. Read more about the UNGC Ten Principles: https://lnkd.in/eXq7qqUE #Sustainability #InternationalTrade

🌏 Chairman Yanqing Wang of Lead Intelligent Equipment was invited to attend the closed-door Chinese-Australian business leader dialogue at the Boao Forum for Asia. He suggested that the two countries should deepen technological R&D innovation and industrial chain cooperation, to build a safe, resilient, and sustainable clean energy supply chain from both policy and market aspects. He also expressed the hope for enhanced dialogue and cooperation between the two countries in the ESG field, 🌿 which would reduce the risk of trade and investment asymmetry caused by ESG criteria difference via information sharing 🔄, and looking forward to achieving the standard alignment and mutual recognition. 🤲 #LeadIntelligentEquipment #BoaoForum #CleanEnergy #ESG #Innovation #Technology

LAST CALL: WEBINAR “LEVERAGING LEARNINGS FROM THE GERMAN LKSG FOR EU CSDDD - GERMAN INDUSTRY INSIGHTS FOR CSDDD REGIONAL PREPAREDNESS GLOBALLY” 🌍 Only 2 days left! Don’t miss our engaging session on the Corporate Sustainability Due Diligence Directive (CSDDD), featuring insights from AHK teams around the world. 🌍 Discover how companies are preparing for CSDDD, building on experiences with the German Supply Chain Due Diligence Act (LkSG). Representatives from AHK offices in various regions will share their experiences with local regulations, supplier collaboration, and practical approaches to implementing corporate due diligence in global supply chains: ✦ Hanna Dittmeyer – Head of the Competence Centre Energy, Environment and Sustainable Economy – AHK Services Eastern Africa Ltd ✦ Raymond Wai Lam CHUNG – Director, Market Entry & Training Services, AHK Hong Kong ✦ Huyen Nhu Lanh – Project Coordinator for Sustainable and Climate Resilient Supply Chains, AHK Vietnam ✦ Carlos Fernández Salek – Director, Santa Cruz Regional Office, AHK Bolivia ✦ Indras Ghosh – Head, Sustainability, AHK India 💡 Don't miss this opportunity to gain helpful hints from industry leaders and explore the challenges and strategies for sustainability in today’s business landscape. Register now and secure your spot! 🕒 Date: September 12, 2024, 12:00 – 13:30 CEST (17:00 – 18:30 GMT+7) 🔗 Agenda & registration: https://lnkd.in/dhPEpY2B Indo-German Chamber of Commerce | German Industry and Commerce Ltd. Hong Kong AHK Bolivia | Cámara Boliviano-Alemana | Delegation of German Industry and Commerce for Eastern Africa (AHK Eastern Africa) #Sustainability #CSDDD #DueDiligence #GlobalSupplyChain #CorporateResponsibility #AHKInsights #SustainableBusiness #SupplyChainCompliance #AHKVietnam

Realizing sustainability in global supply chains by upskilling and human-centered business models. Big honor: UNIDO DG Gerd Müller introduced our new White Paper “Skills Development for Fair Production and Sustainable Supply Chains” at the UN Trade and Development (UNCTAD) Global Supply Chain Forum. Lead companies’ main strategies on supply chain sustainability are on managing risks while reducing costs. Assuming that sustainability practices cascade through the supply chain or that suppliers can be coerced to change their practices are major misconceptions. Certainly, suppliers and sub-suppliers require a broader and deeper set of skills to keep up with stakeholder requests and regulations. That's challenging, but they also need to be enabled to use these new skills: Creating long-term environmental, social and economic value for all actors in the supply chain requires a collaborative approach. It requires a system where each actor benefits while supporting others in realizing their benefits. Suppliers need opportunities to develop and leverage their unique skills to co-create long-term value. As long as lead companies argue that they first need to make the money before it can be shared with suppliers / sub-suppliers, sustainability targets (SDGs, COP21) will be missed. For this, the mandate of procurement (and the idea of value from supply) needs to shift from cost reduction and risk limitation to value co-creation. We encourage governments in supplier countries and business leaders to focus on developing unique assets that respect society and nature and allow the co-creation of value for their societies and the rest of the world. #GVC #sustainability #KEDGE Thanks to Gunther Beger, Virpi Stucki, Mattias Larsen at UNIDO My co-authors Moses Acquaah, Rex Asiama (PhD), Alisa Herrero Cangas Thanks for important insights and inspirations we received in conversations with many leading experts, in particular from Tima Bansal, Juliane Reinecke, Sanjay Sharma, Joseph Sarkis, Patrick Schröder, Stephen Vargo, Tarkan Tan, Jann Lay, Dorothee Baumann-Pauly, Klaus Staubitzer, Antonia Wanner, Andreas Dörr, Marco Baren, Thomas Udesen, Christoph Inauen, Uwe G Schulte, Annalisa Primi