ESGpedia champions effective green finance by launching registry platform | Press Releases | Asia

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Helge Muenkel, Main Sustainability Officer at DBS, said: “The absence of high-quality standardised ESG details on businesses, especially in Asia, remains a crucial impediment to unlock money at the speed and quantum necessary for the region’s transition toward lessen carbon economies. The STACS’ ESGpedia registry system aims to deal with this head on by creating a dependable centralised information repository for financial institutions and traders to keep track of a company’s progress calculated in opposition to a standardised established of sustainability metrics. This paves the way for extra companies to accessibility sustainable finance to advance their sustainability agendas and make measurable measures to realising a net-zero future.”

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John Fahey, Programme Manager at Fidelity Worldwide, adds: “We are pleased to have done the first section of our collaboration with STACS on ESGpedia, as portion of a extensive-phrase focus on ESG reporting and monitoring with the goal of tackling greenwashing.”

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Lee Hwee Boon, Senior Vice President, Worldwide Commercial Banking at OCBC Bank, explained: “Digitalisation and info have grow to be important enablers of sustainability. Staying equipped to keep track of and evaluate their carbon footprint will allow corporations to improve their environmental functionality and permits banking institutions to make evidence-dependent choices on funding environmentally friendly investments and tasks. In line with our goal to guidance consumer transitions to a low-carbon world, we are pleased to associate MAS and STACs on the Greenprint ESG Registry, which will deliver a one issue of accessibility to responsible ESG certifications throughout diverse sectors.”

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Pearlyn Phau, Group CEO at Singlife with Aviva, said: “Singlife with Aviva is happy to be the initially insurance provider onboard Task Greenprint. Sustainability is a vital strategic pillar at Singlife and we see wonderful likely in the sphere of inexperienced finance. By way of our partnership with STACS, we hope to build a constructive affect and offer customised and probably expense-saving alternatives for prospects who productively decrease their carbon footprint.”

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Maisie Chong, Head, Transaction Banking, Singapore and Head, Trade and Working Funds, ASEAN, Conventional Chartered, said: “Transparency and accountability are important to driving increased adoption of sustainable finance. STACS’s start of its blockchain-enabled ESGpedia registry system is a video game-changer as it features companies verified and high quality sustainability details that will be recognised by each MAS and international regulatory bodies. This improvement is aligned with Common Chartered’s commitment to supporting a just changeover by channelling capital to where by it is needed most and leveraging our sustainable finance framework and in depth info-driven financing options to enable our clientele realize their environmentally friendly KPIs.”

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Desmond Kuek, Head of Sustainable Finance Asia Pacific and Global Head of Sustainable Finance Team at UBS, said “UBS is delighted by the thriving inception of Challenge Greenprint’s ESGpedia and our collaboration on enhancing Singapore’s sustainable finance framework. This new registry would be an vital milestone in enabling the enhancement of electronic sustainability-associated merchandise and solutions, and in unique, aiding to convey ESG functions into controlled dispersed ledger know-how (DLT) and good contract-dependent products and solutions and remedies in Singapore and across the APAC location.

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Eric Lim, Main Sustainability Officer at UOB, said, “At UOB, we consider that what will get calculated, will get accomplished. The use of engineering in initiatives such as Venture Greenprint’s ESGpedia will go a long way in building sure that good quality and confirmed ESG info is accessible and comparable. With corporations speaking extra obviously their environmental, social and economic effects, banking institutions, together with UOB, will be equipped to have far more significant conversations with them and by way of funding, help them in world wide, regional and sectoral transitions.”

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Though ESG info disclosures are the existing norm, ESGpedia aims to get information-pushed monetary selections to the following amount by also giving holistic and ahead-looking ongoing knowledge on tasks as effectively as ESG certifications on a widespread, standardised registry, permitting for a perpetual monitoring of corporates’ sustainability development. ESGpedia integrates with data providers such as details disclosure platforms, sectoral platforms and certification bodies. The ESGpedia registry is now released with ready modules and APIs for integration, at a no cost tier, to persuade market adoption. As of now, the registry hosts 168,100 certificates, covering 60,552 businesses and 110,500 belongings.

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With industry certifications becoming pricey and slow to attain owing to highly manual processes and fragmented information and facts, the registry also aims to amount the playing subject for corporates, particularly SMEs without a focused ESG team, by making it easier for them to do ESG reporting and obtain sustainable financial products and services.

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John Leung, Director, Southeast Asia & Oceania at CDP, commented: “Credible, regular, similar ESG information and insights are crucial to accelerating the move of sustainable financing across sectors and borders. It enables companies to uncover challenges and opportunities, informs the choice building of traders and supports the progress of very good procedures. Holding the world’s major database on corporate environmental motion, CDP is delighted to help ESGpedia, the Greenprint ESG Registry, which is sure to push the development of sustainable finance, the two in Singapore and globally.”

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Daniel Loh, Co-Founder at GreenON, said: “GreenON is honoured to lover STACS ESGpedia, which powers the ESG Registry of MAS’s Job Greenprint, to provide the Agri-Foods sector with our disclosure knowledge system. GreenON’s companions involve MUFG Financial institution, iAPPS, AgriON, GreenArc, NUS AIDF, and CriAT. GreenON publishes verifiable ESG qualifications on to ESGpedia, to advertise clear sustainability reporting. This will permit financiers and traders to make superior environmentally friendly investments conclusions, resulting in a beneficial ESG cycle.”

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Fang Eu-Lin, Sustainability and Local weather Adjust Leader, PwC Singapore, who prospects the firm’s Asia Pacific Centre for Sustainability Excellence in Singapore, reported: “We’re thrilled to be doing work with STACS, a portfolio firm of PwC Singapore’s Venture Hub, and MAS by Undertaking Greenprint. Our intention is to often assist our clientele obtain their ESG plans, produce sustained outcomes and construct have faith in with their stakeholders, which can be enabled through high quality facts and ongoing upskilling.”

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Antoine Cadoux, CEO at SGTraDex, said: “SGTraDex’s collaboration with MAS Project Greenprint demonstrates the worth of bringing jointly governing administration and the non-public sector to scale ESG methods. Our feasibility review on Green and Sustainable Trade Finance (GSTF) with financial institutions UOB, DBS, Conventional Chartered, and OCBC highlighted the role of SGTraDex as a info orchestrator in enabling connectivity concerning data ecosystems with ESGpedia, the Greenprint ESG Registry, as a reliable data repository. As the options for GSTF proliferate, this partnership will established a potent basis together with evolving sector frameworks, technological and industry developments.”

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Klaus Langner, Chief Monetary Officer, TÜV SÜD ASEAN, South Asia, Center East and Africa Region, said: “As an worldwide tests, inspection, certification, and instruction organization, TÜV SÜD is pleased to be part of fingers with STACS to assist the aggregation of ESG information and facts on ESGpedia to enable fiscal establishments and corporates to far better mobilise capitals towards ESG assignments. ESGpedia also lists sustainability products and services which includes TÜV SÜD’s Sustainability-as-a-Service Programme. Aligned with our mission to enable a safer and a lot more sustainable ecosystem for persons, the atmosphere, and companies, we believe that this partnership will allow us to lead to realising Singapore’s Environmentally friendly FinTech ambitions.”

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Shadab Taiyabi, President at SFA, said: “Singapore FinTech Affiliation, via our Environmentally friendly and Sustainable FinTech Subcommittee’s knowledge and knowledge is very pleased to continue on fostering the development of this ecosystem towards an inclusive, internet-zero carbon and resilient economic system supported by Eco-friendly Finance in Singapore by doing the job collaboratively with numerous stakeholders who desire to embark on their sustainability journey.” 

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About STACS

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STACS (Hashstacs Pte Ltd) is a Singapore-headquartered FinTech company targeted on ESG FinTech, in partnership with the Financial Authority of Singapore’s (MAS) Undertaking Greenprint for ESGpedia which powers the Greenprint ESG Registry. STACS serves as the Nexus of ESG Finance with its reside blockchain infrastructure that permits helpful Sustainable Finance, and unlocks benefit in Asset and Prosperity Management and Digital Securities. Its clientele and companions consist of world banking institutions, stock exchanges, asset managers, corporates, and SMEs.

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STACS is The Asset Triple A Electronic Awards 2021 FinTech Start-Up of the Yr, an Award Winner of the MAS Global FinTech Innovation Problem Awards 2020, and also a two-time awardee of the Fiscal Sector Technologies and Innovation (FSTI) Evidence of Concept (POC) grant, under the Economic Sector Improvement Fund administered by the MAS.