Technology & Data

Asian Entities Partner to Improve Regional ESG Reporting

Sustainable Finance Institute Asia (SFIA) has named STACS ESGpedia as official technology platform partner for the Single Accesspoint for ESG Data (SAFE) initiative. The project consists is a regional effort to address ESG data challenges by uniting key stakeholders – governments, regulators, standard-setters, financial institutions, corporates, and SMEs – to enhance data and disclosures across the Association of Southeast Asian Nations and beyond. Through this partnership, SFIA will use STACS ESGpedia’s platform to enhance ESG reporting in the Asia-Pacific, focusing on regular corporate disclosures. ESGpedia provides a digital platform that simplifies various standards and frameworks. According to SFIA, which is based in Singapore, appointing STACS ESGpedia as the official technology platform partner was a key step in providing the necessary tools to support corporates, small and medium-sized enterprises (SMEs), and financial institutions in their corporate sustainability and ESG reporting journey. “By leveraging ESGpedia’s capabilities, we believe the SAFE platform will provide much-needed support to businesses of all sizes – especially SMEs – to disclose credible ESG data that is crucial for accessing sustainable finance and competing in global supply chains,” said Eugene Wong, CEO at SFIA. “The SAFE initiative promotes interoperability across standards and jurisdictions, and develops sustainability disclosure capacity for the region.”

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