The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, and Singapore Exchange (SGX Group) have launched the ESGenome, a new ESG disclosure platform aimed at simplifying the environmental, social and governance reporting process for companies, and providing investors with access to consistent and comparable corporate sustainability data. The launch follows the announcement by MAS in November 2021 of plans to develop a series of sustainability data-focused platforms under Project Greenprint, its initiative aimed at helping to mobilize capital for green and sustainable finance by harnessing technology and data and create a more transparent, trusted and efficient ESG ecosystem. According to MAS, the new ESG disclosure platform comes as a proliferation of sustainability reporting frameworks and standards worldwide and inconsistent data collection methods have created significant disclosure challenges for companies and poor ESG data comparability.

Source: ESG Today