This article serves as a position paper of a consortium of universities in the Asia–Pacific region working to address challenges of sustainable development and rapidly changing social, economic and natural environments. Member universities of ProSPER.Net (Promotion of Sustainability in Postgraduate Education and Research Network) have embarked on a project to develop an alternative university appraisal system that would potentially become a viable alternative to the existing higher education ranking and assessment systems perceived as constraining, yet, powerful. The article discusses the changing landscape for knowledge creation and the need for universities to assume new roles in a new kind of modernity—variously termed as “liquid modernity” (Z. Bauman), “reflexive modernization” (U. Beck) or other neologisms. It recognises that the mainstream ranking and assessment systems are powerful guiding systems for higher education institutions (HEIs) and, if modified, could be a significant force for transformation towards a more sustainable future. Recognising the need for HEIs to address societal challenges and needs, the Alternative University Appraisal (AUA) project of ProSPER.Net starts by reviewing existing models of recognition and appraisal of various aspects of HEIs’ work and aims at creating space for individual and collective reflection on HEI practices and outcomes. In addition to extensive consultations among ProSPER.Net members, as well as with other higher education actors and international organisations addressing higher education for sustainability, cross-sectoral consultations, assessments of the uncertainties and pertinent trends, and engagement with policy-making processes would be required for the AUA system to become a guiding force that shapes higher education of today and tomorrow.
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