ESGpedia, the Greenprint ESG Registry, marks significant milestones with the unveiling of 9 live use cases for the real economy with global financial institutions and corporates
ESGpedia empowers the financial sector and multiple industries across Asia towards sustainability and net zero, with holistic data, digital tools, and effective ESG financing.
SINGAPORE, 9 November 2022 – Hashstacs Pte Ltd (‘STACS’) has unveiled 9 use cases of ESGpedia for the real economy with global banks and corporates, during the Singapore FinTech Festival 2022. ESGpedia powers the Monetary Authority of Singapore (‘MAS’)’s Greenprint ESG Registry, providing holistic ESG data across multiple sectors and digital tools for effective ESG finance. The latest unveiling, which took place at the Greenprint Registry Showcase over a span of two days starting Monday, 31 October, marks significant progress of the registry within MAS’ Project Greenprint.
ESGpedia is a one-stop registry of holistic data and digital tools for financial institutions, corporates, and SMEs, empowering the financial sector and multiple industries across Asia towards sustainability and decarbonisation. As a central data pillar underpinning the financial sector, ESGpedia aggregates, records, and maintains the provenance of holistic and forward-looking ESG certifications and data of companies across various sectors and global verified sources on a common, standardized registry.
STACS has worked with industry partners on the following key use cases covering multiple sectors:
(a) Investment Bond Portfolio Monitoring. Manulife Investment Management joins forces with STACS’ ESGpedia registry on a pilot for effective review of sustainability labelled bonds, including but not limited to Green, Social, Sustainability and Sustainability-linked (‘GSSS’) bonds
(b) High-Quality Carbon Credits. Through as aggregation of data from industry-recognised carbon registries (e.g. Verra, Gold Standard, etc.), ESGpedia supports a transparent and traceable carbon offsetting journey with end-to-end traceability of high-quality carbon credits for companies and consumers. This is further enhanced by a strategic partnership with Razer™ through its newly-launched Restorify service, which provides merchants accurate carbon footprint assessments of consumer products as well as fractional carbon offsets backed by ESGpedia’s traceable records on an individual transaction basis.
(c) Supplier Sustainability Monitoring. Maxeon Solar Technologies (‘Maxeon’) has commenced Supplier Sustainability Monitoring with ESGpedia, leveraging holistic ESG data and digital tools to monitor the sustainability performance of its suppliers. Through the partnership, Maxeon is enabled to select suppliers based on their emissions and provide greater transparency of its carbon footprint for its stakeholders.
(d) Hospitality. Citadines Berawa Beach Bali (‘Citadines Bali’) signs financing facility from HSBC Indonesia to adopt digital tools from Envision Digital to quantify emissions and target reductions, in partnership with STACS’ ESGpedia to enable better data insights and scale decarbonisation financing. The availability of accurate carbon emission data on a single registry makes it easier for hotels like Citadines Bali to provide the necessary accurate details to attain green certifications and access sustainable financial services.
(e) Fashion and Textile. As the official association for the fashion industry in Singapore, Singapore Fashion Council (‘SFC’) has partnered with ESGpedia to support its industry members with supplier sustainability monitoring of global ESG credentials in the supply chain. DBS and HSBC have also partnered with SFC, to explore opportunities surrounding relevant ESG reporting metrics and Sustainable Finance.
(f) Transportation and Logistics. Singlife with Aviva (‘Singlife’) has partnered with CO2 Connect (‘CO2X’), leveraging on CO2X’s transport and logistics fleet data tracking and analytics capabilities which are now integrated with ESGpedia, allowing for benchmarking against industry standards, as well as a clear view of overall levels of carbon savings. This supports Singlife in efficiently developing and structuring green motor insurance policies by accurately assessing and monitoring environmental impact and costs.
(g) Agriculture. In conjunction with Agridence (formerly HeveaConnect) platform, ESGpedia supports greater traceability and holistic sustainability data in natural rubber and other agricultural products sector financing use cases. Additionally, GreenON has partnered with ESGpedia to demonstrate progressive, verifiable impact of sustainability and transition efforts by companies in their agricultural supply chains, enabling better data and impactful financial sector use cases and sponsorships.
(h) Built Environment and Efficiency-based Digital Carbon Verification. In conjunction with Evercomm Singapore (‘Evercomm’) and Bureau Veritas launching a strategic partnership which helps buildings quantify and verify GHG emissions with Evercomm’s AI-enabled platform, ESGpedia allows buildings to provide validated GHG emission data via a common, standardized platform, and enables the financial sector to scale decarbonisation financing via digital tools.
(i) Renewable Energy. Electricity Generating Authority of Thailand (‘EGAT’) joins hands with STACS to integrate ESGpedia into Renewable Energy Certificates (‘RECs’) issuing processes to support green power usage and drive ESG investment both in Thailand and ASEAN to achieve carbon neutrality.
In line with the push towards decarbonisation in the ASEAN region, along with regulatory and business push towards decarbonisation and sustainability across all industries, ESGpedia addresses the current challenges faced in sustainable financing around the lack of high-quality ESG data and digital tools to bridge the gap between data users and providers. With the various live use cases and partnerships setting a precedent across the various sectors, STACS aims to further scale the platform across Asia to accelerate ESG excellence development and net zero in Singapore and ASEAN.
Benjamin Soh, Co-Founder and Managing Director at STACS, said: “Other than regulatory and government push, what’s really key in the global race towards net zero is businesses, big or small, across all sectors taking action and big strides towards sustainability. Through ESGpedia, we are extremely heartened and excited to have partnered with many like-minded global financial institutions and corporates to have developed live innovative solutions across multiple sectors, with scalability in mind. The use cases set a precedent in their various industries and can be replicated across Asia to empower businesses in their green and decarbonisation journey via better data, digital tools, and effective ESG financing.”
“These significant milestones underline our commitment to better the world with technology and we are already working on more pipelines and partnerships for next year to bring forward the future of sustainable finance.”
STACS (Hashstacs Pte Ltd) is a Singapore-headquartered FinTech company focused on ESG FinTech, operating ESGpedia, which powers the Monetary Authority of Singapore’s (MAS) Greenprint ESG Registry. STACS serves as the Nexus of ESG Finance with ESG data across multiple industries and digital tools for the financial sector to scale decarbonisation financing, as well as a platform to provide high-quality carbon offsets to mitigate residual emissions. Its clients and partners include global financial institutions and corporates. STACS is an Award Winner of the MAS Global FinTech Innovation Challenge Awards 2020, and a two-time awardee of the Financial Sector Technology and Innovation (FSTI) Proof of Concept (POC) grant, under the Financial Sector Development Fund administered by the MAS. For additional information, please visit www.stacs.io.
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