As one of the largest players in the palm oil industry in the region, the Musim Mas Group takes its sustainability mission very seriously.
The organisation, headed by Executive Chairman and NUS Alumnus Mr Bachtiar Karim (Engineering ’81), established the Musim Mas Professorship in Sustainability at the National University of Singapore (NUS) Business School to fund research in the area of sustainability and to educate future business leaders so that they may contribute meaningfully to sustainability. The Professorship will also enable the NUS Business School to elevate the study of sustainable development to higher levels and complement the existing strength of the School in social entrepreneurship and philanthropy.
Thanks to the gift, Professor Oliver Li, a professor in accountancy and the Director of the China Business Centre at the NUS Business School, was appointed the Musim Mas Professor of Sustainability in 2016.
“The Professorship is an opportunity to enhance interest in sustainable growth and development. It enables me to go to conferences to present my work and to discuss research ideas with colleagues”, shares Professor Li, who brought a group of undergraduate students to Pekanbaru to study palm oil plantations in Indonesia. They have written reports on how the haze affects hospitalisation and stock prices with findings suggesting that differences in social-economic statuses affect people’s reaction to haze.
Professor Li also continues his work on the impact of air pollution on businesses in China, examining how air pollution affects auditors’ behaviours and office workers’ efficiency.
“This is a very meaningful and generous gift to our School. It reinforces our efforts in advancing education and research to address the three pillars of sustainable development – society, environment and economy, so as to meet the needs of both the present and the future generations,” adds Professor Bernard Yeung, Dean and Stephen Riady Distinguished Professor of NUS Business School.