MAS and SGX Group Launch ESG Data Portal ESGenome to Streamline Sustainability Reportingby Fintech News Singapore September 12, 2022
The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX Group) jointly launched ESGenome, a digital Environmental, Social and Governance (ESG) disclosure portal.
ESGenome is a Software-as-a-Service (SaaS) solution operated by World Wide Generation (WWG) that will help SGX-listed companies simplify the disclosure process using a core set of metrics that is mapped across global standards and frameworks.
Companies will be able to carry out their baseline sustainability reporting based on a set of 27 SGX core ESG metrics, make additional disclosures across more than 3,000 ESG metrics depending on business needs, and automatically generate a report from the inputs.
Furthermore, companies need only provide a one-time input for each ESG metric and these inputs can then be automatically mapped across their selected standards and frameworks to cater to different investor requirements.
Dr Darian McBain, Chief Sustainability Officer, MAS, said,
“We are excited to launch ESGenome together with SGX to help listed entities in Singapore reduce the effort required to report on sustainability, assess impact, and drive informed decision making in their sustainability journey.”
Mr Michael Syn, Senior Managing Director and Head of Equities, SGX Group, said,
“We are optimistic that by being frontrunners in ESG data disclosure via ESGenome, our listed companies will be in a better position to raise capital and attract international investors who are actively looking for leading ESG firms.”