ESGpedia champions effective green finance by launching registry platform | Press Releases | Asia
Hashstacs Pte Ltd (‘STACS’) has produced and introduced its ESGpedia registry platform. ESGpedia aims to improve sustainability details good quality to help additional productive sustainable finance.

Introduced with a live showcase at the Task Greenprint Field Showcase Celebration (May well 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 forward-seeking environmental, social, and governance (ESG) certifications and knowledge of firms throughout a variety of sectors and world-wide verified sources on a solitary registry, utilising blockchain know-how to ensure security and ease of entry by various customers.

ESGpedia will electrical power the Greenprint ESG Registry, one of the 4 electronic utility platforms housed less than Task Greenprint, which MAS is producing in partnership with the market.

Benjamin Soh, Controlling Director at STACS, said: “There’s a profound disconnect concerning the ESG facts financial establishments and organizations require, and what is out there to them. Very first of its type, ESGpedia aggregates all ESG attempts, bridging the hole in ESG facts and finance in which there is no other these kinds of platform now. We are fired up to be working on use circumstances with leading global companions in distinctive industries and sectors, no matter whether as information vendors or end users, to bolster belief in ESG info, to certainly help successful sustainable finance on an worldwide scale.”

Dr Darian McBain, Chief Sustainability Officer at MAS, said, “The launch of the blockchain-centered ESGpedia platform establishes a sturdy foundation for powering the Greenprint ESG Registry, combining STACS’ work on aggregating high good quality ESG details from numerous certification bodies and confirmed resources, with the means for financial institutions, corporates, and regulators to obtain this dependable knowledge via a single resource in accordance with their requires.”

“In time, facts housed in the Greenprint ESG Registry will form a central pillar that underpins the fiscal sector’s powerful mobilisation of funds to sustainable tasks, as properly as the correct monitoring and quantification of emission reductions, abatement amounts, and other sustainability KPIs connected with these assignments.”

ESGpedia serves fiscal institutions like banks, asset professionals, traders, insurers, and exchanges, as nicely as non-economical establishments like corporates, service vendors, and verifiers. Considering that November 2021, partners of STACS ESGpedia consist of:

Fiscal establishments:

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- Citi
- Local weather Effects X
- CSOP Asset Management Pte Ltd
- DBS Financial institution
- Fidelity Intercontinental
- OCBC Financial institution
- Singlife with Aviva
- Normal Chartered
- UBS
- UOB











Corporates and non-fiscal establishments:

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- CDP (worldwide environmental disclosure platform)
- CO2 Link (CO2X) Pte Ltd (transportation and logistics system)
- Containers Printers (manufacturing sector system)
- Imagine Electronic (AIoT software program system for decarbonisation)
- Evercomm Singapore (industrial, commercial, and hospitality sector system)
- GreenON (agriculture sector sustainability monitoring system)
- HeveaConnect (normal rubber buying and selling platform)
- PwC Singapore
- SGTraDex (digital supply chain trade platform)
- Surbana Jurong (constructing and development sector system)
- Sustainable Grid (renewable strength certificates platform)
- TÜV SÜD PSB
- U-Reg (ESG reporting system)














Anoushka Dua, ASEAN Trade Head at Citi, said: “Sustainability is at the coronary heart of our corporate strategy, both of those in the way Citi conducts its business, and the shopper initiatives that we guidance. We are assisting clients to finance socially and environmentally dependable trade and supply functioning capital for sustainable initiatives. Our sustainable methods, from sustainable provide chain finance through to trade loans and agencies solutions, are verified and in dwell operation, supplying a robust, clear way for shoppers to satisfy their sustainability ambitions. Our partnership with STACS and MAS on Challenge Greenprint is anticipated to amplify sustainable finance by leveraging standardised ESG data obtainable via the ESG registry.”

Helge Muenkel, Main Sustainability Officer at DBS, said: “The deficiency of superior-high-quality standardised ESG details on firms, especially in Asia, remains a critical impediment to unlock funds at the pace and quantum wanted for the region’s transition towards lessen carbon economies. The STACS’ ESGpedia registry platform aims to tackle this head on by building a dependable centralised data repository for banks and investors to track a company’s progress measured towards a standardised set of sustainability metrics. This paves the way for extra providers to access sustainable finance to advance their sustainability agendas and make measurable steps towards realising a internet-zero long term.”

John Fahey, Programme Manager at Fidelity Global, adds: “We are delighted to have accomplished the 1st section of our collaboration with STACS on ESGpedia, as section of a extended-expression concentration on ESG reporting and tracking with the purpose of tackling greenwashing.”

Lee Hwee Boon, Senior Vice President, World-wide Professional Banking at OCBC Bank, said: “Digitalisation and data have grow to be key enablers of sustainability. Becoming capable to keep track of and measure their carbon footprint makes it possible for organizations to increase their environmental overall performance and permits banks to make evidence-primarily based selections on funding green investments and assignments. In line with our objective to support client transitions to a lower-carbon planet, we are delighted to companion MAS and STACs on the Greenprint ESG Registry, which will give a solitary stage of obtain to reliable ESG certifications across different sectors.”

Pearlyn Phau, Group CEO at Singlife with Aviva, said: “Singlife with Aviva is very pleased to be the very first insurer onboard Challenge Greenprint. Sustainability is a critical strategic pillar at Singlife and we see terrific prospective in the sphere of environmentally friendly finance. By way of our partnership with STACS, we hope to develop a optimistic influence and supply customised and perhaps value-preserving options for prospects who efficiently cut down their carbon footprint.”

Maisie Chong, Head, Transaction Banking, Singapore and Head, Trade and Doing the job Money, ASEAN, Standard Chartered, said: “Transparency and accountability are essential to driving larger adoption of sustainable finance. STACS’s start of its blockchain-enabled ESGpedia registry platform is a sport-changer as it delivers companies confirmed and excellent sustainability information that will be recognised by both equally MAS and international regulatory bodies. This development is aligned with Standard Chartered’s motivation to supporting a just transition by channelling capital to wherever it is needed most and leveraging our sustainable finance framework and thorough information-pushed funding options to enable our customers reach their green KPIs.”

Desmond Kuek, Head of Sustainable Finance Asia Pacific and International Head of Sustainable Finance Team at UBS, said “UBS is delighted by the successful inception of Task Greenprint’s ESGpedia and our collaboration on enhancing Singapore’s sustainable finance framework. This new registry would be an crucial milestone in enabling the growth of digital sustainability-associated products and remedies, and in specific, encouraging to deliver ESG features into regulated dispersed ledger engineering (DLT) and good contract-primarily based items and options in Singapore and throughout the APAC region.

Eric Lim, Chief Sustainability Officer at UOB, said, “At UOB, we imagine that what gets calculated, gets done. The use of know-how in initiatives these kinds of as Task Greenprint’s ESGpedia will go a extensive way in earning positive that high-quality and verified ESG info is obtainable and similar. With organizations speaking much more plainly their environmental, social and financial impression, financial institutions, which include UOB, will be ready to have a lot more meaningful discussions with them and by funding, aid them in global, regional and sectoral transitions.”

Whilst ESG facts disclosures are the present norm, ESGpedia aims to just take data-driven monetary selections to the future stage by also furnishing holistic and forward-looking ongoing facts on jobs as nicely as ESG certifications on a prevalent, standardised registry, allowing for for a perpetual monitoring of corporates’ sustainability development. ESGpedia integrates with info suppliers including data disclosure platforms, sectoral platforms and certification bodies. The ESGpedia registry is now launched with completely ready modules and APIs for integration, at a no cost tier, to motivate marketplace adoption. As of now, the registry hosts 168,100 certificates, covering 60,552 organizations and 110,500 property.

With marketplace certifications being highly-priced and sluggish to achieve owing to hugely handbook processes and fragmented information and facts, the registry also aims to level the participating in field for corporates, particularly SMEs without a dedicated ESG group, by producing it simpler for them to do ESG reporting and access sustainable economic products and services.

John Leung, Director, Southeast Asia & Oceania at CDP, commented: “Credible, reliable, comparable ESG details and insights are crucial to accelerating the stream of sustainable funding throughout sectors and borders. It enables companies to uncover risks and alternatives, informs the choice creating of traders and supports the enhancement of excellent insurance policies. Holding the world’s major databases on corporate environmental motion, CDP is delighted to aid ESGpedia, the Greenprint ESG Registry, which is certain to generate the progress of sustainable finance, both of those in Singapore and globally.”

Daniel Loh, Co-Founder at GreenON, said: “GreenON is honoured to companion STACS ESGpedia, which powers the ESG Registry of MAS’s Project Greenprint, to serve the Agri-Food stuff sector with our disclosure information platform. GreenON’s partners consist of MUFG Financial institution, iAPPS, AgriON, GreenArc, NUS AIDF, and CriAT. GreenON publishes verifiable ESG credentials onto ESGpedia, to encourage clear sustainability reporting. This will empower financiers and traders to make better eco-friendly investments choices, resulting in a positive ESG cycle.”

Fang Eu-Lin, Sustainability and Local weather Transform Leader, PwC Singapore, who prospects the firm’s Asia Pacific Centre for Sustainability Excellence in Singapore, reported: “We’re excited to be operating with STACS, a portfolio corporation of PwC Singapore’s Venture Hub, and MAS by way of Task Greenprint. Our intention is to generally help our consumers reach their ESG ambitions, deliver sustained results and establish have confidence in with their stakeholders, which can be enabled through high quality data and continual upskilling.”

Antoine Cadoux, CEO at SGTraDex, said: “SGTraDex’s collaboration with MAS Venture Greenprint demonstrates the significance of bringing jointly government and the non-public sector to scale ESG solutions. Our feasibility research on Environmentally friendly and Sustainable Trade Finance (GSTF) with fiscal institutions UOB, DBS, Normal Chartered, and OCBC highlighted the job of SGTraDex as a info orchestrator in enabling connectivity among facts ecosystems with ESGpedia, the Greenprint ESG Registry, as a trustworthy info repository. As the opportunities for GSTF proliferate, this partnership will established a solid foundation alongside evolving business frameworks, technological and market place developments.”

Klaus Langner, Chief Economic Officer, TÜV SÜD ASEAN, South Asia, Middle East and Africa Location, said: “As an international screening, inspection, certification, and coaching company, TÜV SÜD is pleased to join hands with STACS to support the aggregation of ESG information and facts on ESGpedia to empower economical establishments and corporates to greater mobilise capitals toward ESG projects. ESGpedia also lists sustainability services which include TÜV SÜD’s Sustainability-as-a-Service Programme. Aligned with our mission to help a safer and more sustainable ecosystem for individuals, the atmosphere, and corporations, we think that this partnership will permit us to add to realising Singapore’s Green FinTech ambitions.”

Shadab Taiyabi, President at SFA, said: “Singapore FinTech Association, by means of our Green and Sustainable FinTech Subcommittee’s expertise and skills is very pleased to proceed fostering the advancement of this ecosystem in the direction of an inclusive, web-zero carbon and resilient overall economy supported by Eco-friendly Finance in Singapore by functioning collaboratively with different stakeholders who would like to embark on their sustainability journey.”

About STACS

STACS (Hashstacs Pte Ltd) is a Singapore-headquartered FinTech enterprise targeted 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 live blockchain infrastructure that enables powerful Sustainable Finance, and unlocks price in Asset and Wealth Management and Electronic Securities. Its customers and partners involve international financial institutions, stock exchanges, asset professionals, corporates, and SMEs.

STACS is The Asset Triple A Digital Awards 2021 FinTech Get started-Up of the 12 months, an Award Winner of the MAS World-wide FinTech Innovation Obstacle Awards 2020, and also a two-time awardee of the Monetary Sector Technological know-how and Innovation (FSTI) Evidence of Strategy (POC) grant, less than the Monetary Sector Progress Fund administered by the MAS.