More tools to navigate sustainability reporting, solutions under MAS platform

Businesses will be able to access more tools for their sustainability reporting and a wider suite of solutions to meet their decarbonisation needs under Gprnt.

The Monetary Authority of Singapore's (MAS) digital platform for environmental, social and governance (ESG) reporting and data on Nov 6 released what it calls its Disclosure and Marketplace offerings.

Nine in 10 companies globally have expressed interest in ESG reporting as a means to address mounting compliance and stakeholder pressures, said Gprnt.

However, many companies, especially small and medium-sized enterprises (SMEs), face numerous challenges in getting started.

"The Gprnt Disclosure tool is designed to overcome these hurdles by offering a simple, automated, generative AI (artificial intelligence)-powered solution to easily measure businesses' Scope 1 and 2 emissions," added Gprnt.

Scope 1 emissions refer to direct emissions incurred by a company, say, from its facilities or transport vehicles, while Scope 2 refers to indirect emissions such as the electricity or heating it buys from power generation companies.

The Gprnt platform will be integrated with government databases and private sector solutions, so that SMEs can easily calculate their basic emissions.

The platform will also allow firms to assess their reporting of basic emissions, climate risk management and green procurement, generating baseline ESG data.