Platform promises Singapore corporates streamlined ESG reporting

Technology links to MAS' ESG registry

Two fintechs have developed a platform for Singapore corporates’ ESG reporting that aims to make it simpler to disclose ESG data.

STACS and U-Reg have collaborated on the platform designed to address the fragmented reporting environment across industries and geographies.

U-Reg’s reporting platform offers users a single point of interaction for ESG reporting, meaning overlaps across disclosures are avoided.

Companies can use the platform to automatically generate ESG reports and upload them to ESGpedia – the STACS-developed software which sits behind the Monetary Authority of Singapore’s ESG registry, part of Project Greenprint.

Through the platform corporates can report using the Environmental Risk Questionnaire launched earlier this year by the Association of Banks in Singapore. The questionnaire was designed for banks in Singapore to engage corporate clients on environmental risk issues.

A statement from the fintechs said the partnership facilitates banks’ and investors’ access to ESG data and makes ESG reporting “more accessible, affordable, and transparent for corporates and SMEs.”