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

Hashstacs Pte Ltd (‘STACS’) has developed and released its ESGpedia registry system. ESGpedia aims to improve sustainability data top quality to assist much more productive sustainable finance.

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Launched with a are living showcase at the Task Greenprint Sector Showcase Event (May perhaps 18) organised by the Financial Authority of Singapore (‘MAS’), Singapore FinTech Association (‘SFA’), and STACS, ESGpedia aggregates, records, and maintains the provenance of holistic and ahead-wanting environmental, social, and governance (ESG) certifications and information of firms throughout many sectors and world wide verified sources on a single registry, utilising blockchain technologies to make certain stability and simplicity of accessibility by diverse end users.

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ESGpedia will electrical power the Greenprint ESG Registry, just one of the 4 electronic utility platforms housed below Venture Greenprint, which MAS is developing in partnership with the sector.

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Benjamin Soh, Taking care of Director at STACS, said: “There’s a profound disconnect among the ESG facts financial institutions and firms need, and what is available to them. Initial of its type, ESGpedia aggregates all ESG efforts, bridging the hole in ESG data and finance the place there is no other such system currently. We are psyched to be performing on use scenarios with top world wide partners in distinctive industries and sectors, no matter whether as info providers or buyers, to fortify believe in in ESG knowledge, to certainly allow successful sustainable finance on an worldwide scale.”

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Dr Darian McBain, Main Sustainability Officer at MAS, said, “The launch of the blockchain-centered ESGpedia system establishes a strong foundation for powering the Greenprint ESG Registry, combining STACS’ work on aggregating substantial high quality ESG knowledge from multiple certification bodies and verified resources, with the means for economic establishments, corporates, and regulators to accessibility this trusted info through a solitary resource in accordance with their needs.”

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“In time, details housed in the Greenprint ESG Registry will form a central pillar that underpins the financial sector’s effective mobilisation of capital in the direction of sustainable jobs, as effectively as the exact tracking and quantification of emission reductions, abatement stages, and other sustainability KPIs connected with these assignments.”

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ESGpedia serves money institutions like banking companies, asset professionals, buyers, insurers, and exchanges, as perfectly as non-fiscal institutions like corporates, assistance companies, and verifiers. Given that November 2021, partners of STACS ESGpedia involve:

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Fiscal establishments:

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  • Citi
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  • Local weather Affect X
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  • CSOP Asset Management Pte Ltd
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  • DBS Bank
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  • Fidelity Worldwide
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  • OCBC Bank
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  • Singlife with Aviva
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  • Typical Chartered
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  • UBS
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  • UOB
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Corporates and non-financial establishments:

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  • CDP (world environmental disclosure platform)
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  • CO2 Join (CO2X) Pte Ltd (transportation and logistics system)
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  • Containers Printers (producing sector platform)
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  • Visualize Electronic (AIoT software system for decarbonisation)
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  • Evercomm Singapore (industrial, industrial, and hospitality sector system)
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  • GreenON (agriculture sector sustainability monitoring system)
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  • HeveaConnect (natural rubber buying and selling platform)
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  • PwC Singapore
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  • SGTraDex (electronic offer chain trade system)
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  • Surbana Jurong (developing and design sector platform)
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  • Sustainable Grid (renewable vitality certificates system)
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  • TÜV SÜD PSB
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  • U-Reg (ESG reporting platform)
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Anoushka Dua, ASEAN Trade Head at Citi, said: “Sustainability is at the heart of our corporate strategy, the two in the way Citi conducts its small business, and the customer initiatives that we support. We are assisting shoppers to finance socially and environmentally accountable trade and deliver performing cash for sustainable initiatives. Our sustainable answers, from sustainable supply chain finance through to trade financial loans and agencies methods, are established and in dwell operation, providing a strong, transparent way for clients to satisfy their sustainability ambitions. Our partnership with STACS and MAS on Task Greenprint is anticipated to amplify sustainable finance by leveraging standardised ESG data offered by the ESG registry.”

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Helge Muenkel, Chief Sustainability Officer at DBS, said: “The deficiency of large-quality standardised ESG information on firms, in particular in Asia, continues to be a critical impediment to unlock funds at the pace and quantum required for the region’s changeover in direction of decreased carbon economies. The STACS’ ESGpedia registry platform aims to deal with this head on by creating a trusted centralised information repository for banking institutions and buyers to observe a company’s development calculated towards a standardised set of sustainability metrics. This paves the way for additional businesses to accessibility sustainable finance to advance their sustainability agendas and make measurable methods to realising a internet-zero foreseeable future.”

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John Fahey, Programme Manager at Fidelity Intercontinental, adds: “We are pleased to have done the initially section of our collaboration with STACS on ESGpedia, as component of a long-time period target on ESG reporting and tracking with the purpose of tackling greenwashing.”

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Lee Hwee Boon, Senior Vice President, Global Commercial Banking at OCBC Bank, claimed: “Digitalisation and information have become key enablers of sustainability. Becoming capable to observe and measure their carbon footprint allows organizations to make improvements to their environmental overall performance and enables banking companies to make proof-centered selections on funding environmentally friendly investments and initiatives. In line with our aim to assist consumer transitions to a lower-carbon planet, we are delighted to spouse MAS and STACs on the Greenprint ESG Registry, which will deliver a one level of accessibility to responsible ESG certifications throughout different sectors.”

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Pearlyn Phau, Group CEO at Singlife with Aviva, said: “Singlife with Aviva is happy to be the first insurance provider onboard Venture Greenprint. Sustainability is a important strategic pillar at Singlife and we see great prospective in the sphere of environmentally friendly finance. By means of our partnership with STACS, we hope to produce a positive affect and provide customised and possibly expense-conserving alternatives for shoppers who correctly lessen their carbon footprint.”

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Maisie Chong, Head, Transaction Banking, Singapore and Head, Trade and Performing Cash, ASEAN, Standard Chartered, said: “Transparency and accountability are crucial to driving better adoption of sustainable finance. STACS’s launch of its blockchain-enabled ESGpedia registry platform is a sport-changer as it presents corporations verified and high-quality sustainability facts that will be recognised by each MAS and worldwide regulatory bodies. This advancement is aligned with Standard Chartered’s determination to supporting a just changeover by channelling money to wherever it is desired most and leveraging our sustainable finance framework and detailed knowledge-driven funding solutions to support our clientele realize their inexperienced KPIs.”

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Desmond Kuek, Head of Sustainable Finance Asia Pacific and World wide Head of Sustainable Finance Team at UBS, said “UBS is delighted by the profitable inception of Challenge Greenprint’s ESGpedia and our collaboration on boosting Singapore’s sustainable finance framework. This new registry would be an crucial milestone in enabling the growth of digital sustainability-relevant goods and alternatives, and in unique, encouraging to provide ESG capabilities into regulated dispersed ledger know-how (DLT) and wise contract-primarily based goods and solutions in Singapore and across the APAC region.

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Eric Lim, Chief Sustainability Officer at UOB, said, “At UOB, we believe that what gets calculated, receives completed. The use of engineering in initiatives such as Job Greenprint’s ESGpedia will go a long way in generating guaranteed that quality and confirmed ESG info is available and equivalent. With businesses speaking much more evidently their environmental, social and financial affect, banking institutions, together with UOB, will be in a position to have more meaningful discussions with them and by means of funding, guidance them in world-wide, regional and sectoral transitions.”

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Whilst ESG facts disclosures are the current norm, ESGpedia aims to take information-driven fiscal selections to the next degree by also offering holistic and forward-seeking ongoing details on assignments as very well as ESG certifications on a widespread, standardised registry, allowing for a perpetual monitoring of corporates’ sustainability development. ESGpedia integrates with info companies such as info disclosure platforms, sectoral platforms and certification bodies. The ESGpedia registry is now launched with completely ready modules and APIs for integration, at a cost-free tier, to persuade sector adoption. As of currently, the registry hosts 168,100 certificates, masking 60,552 companies and 110,500 property.

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With business certifications currently being highly-priced and slow to attain because of to really handbook procedures and fragmented data, the registry also aims to level the actively playing area for corporates, primarily SMEs with out a devoted ESG group, by generating it much easier for them to do ESG reporting and entry sustainable economical expert services.

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John Leung, Director, Southeast Asia & Oceania at CDP, commented: “Credible, regular, equivalent ESG details and insights are crucial to accelerating the move of sustainable financing across sectors and borders. It permits firms to uncover risks and opportunities, informs the selection making of buyers and supports the enhancement of excellent guidelines. Keeping the world’s largest databases on corporate environmental motion, CDP is delighted to help ESGpedia, the Greenprint ESG Registry, which is positive to push the progress of sustainable finance, both of those in Singapore and globally.”

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Daniel Loh, Co-Founder at GreenON, said: “GreenON is honoured to spouse STACS ESGpedia, which powers the ESG Registry of MAS’s Project Greenprint, to serve the Agri-Meals sector with our disclosure knowledge system. GreenON’s associates include things like MUFG Financial institution, iAPPS, AgriON, GreenArc, NUS AIDF, and CriAT. GreenON publishes verifiable ESG credentials on to ESGpedia, to advertise transparent sustainability reporting. This will enable financiers and investors to make better inexperienced investments selections, resulting in a beneficial ESG cycle.”

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Fang Eu-Lin, Sustainability and Weather Alter Chief, PwC Singapore, who potential customers the firm’s Asia Pacific Centre for Sustainability Excellence in Singapore, mentioned: “We’re psyched to be performing with STACS, a portfolio organization of PwC Singapore’s Enterprise Hub, and MAS as a result of Task Greenprint. Our target is to normally enable our customers achieve their ESG targets, produce sustained results and construct rely on with their stakeholders, which can be enabled as a result of excellent knowledge and continual upskilling.”

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Antoine Cadoux, CEO at SGTraDex, said: “SGTraDex’s collaboration with MAS Job Greenprint demonstrates the significance of bringing collectively government and the non-public sector to scale ESG options. Our feasibility examine on Inexperienced and Sustainable Trade Finance (GSTF) with fiscal establishments UOB, DBS, Regular Chartered, and OCBC highlighted the purpose of SGTraDex as a data orchestrator in enabling connectivity among details ecosystems with ESGpedia, the Greenprint ESG Registry, as a dependable facts repository. As the options for GSTF proliferate, this partnership will set a powerful foundation along with evolving field frameworks, technological and industry developments.”

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Klaus Langner, Main Financial Officer, TÜV SÜD ASEAN, South Asia, Middle East and Africa Area, said: “As an global testing, inspection, certification, and education enterprise, TÜV SÜD is pleased to be part of fingers with STACS to support the aggregation of ESG info on ESGpedia to empower money institutions and corporates to better mobilise capitals towards ESG initiatives. ESGpedia also lists sustainability products and services like TÜV SÜD’s Sustainability-as-a-Company Programme. Aligned with our mission to help a safer and much more sustainable ecosystem for people, the environment, and companies, we believe that this partnership will allow for us to lead to realising Singapore’s Environmentally friendly FinTech ambitions.”

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Shadab Taiyabi, President at SFA, said: “Singapore FinTech Association, by our Green and Sustainable FinTech Subcommittee’s experience and know-how is very pleased to carry on fostering the progress of this ecosystem toward an inclusive, internet-zero carbon and resilient financial state supported by Environmentally friendly Finance in Singapore by doing work collaboratively with different stakeholders who would like 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 corporation concentrated on ESG FinTech, in partnership with the Financial Authority of Singapore’s (MAS) Task Greenprint for ESGpedia which powers the Greenprint ESG Registry. STACS serves as the Nexus of ESG Finance with its stay blockchain infrastructure that enables powerful Sustainable Finance, and unlocks price in Asset and Wealth Administration and Electronic Securities. Its clientele and companions incorporate world-wide banking companies, stock exchanges, asset supervisors, corporates, and SMEs.

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STACS is The Asset Triple A Digital Awards 2021 FinTech Commence-Up of the Calendar year, an Award Winner of the MAS World-wide FinTech Innovation Obstacle Awards 2020, and also a two-time awardee of the Fiscal Sector Technology and Innovation (FSTI) Proof of Principle (POC) grant, below the Monetary Sector Growth Fund administered by the MAS.

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