SINGAPORE — In a major step toward streamlining corporate sustainability reporting, Singapore is developing a nationwide digital platform that allows businesses to automatically generate key environmental metrics using government-sourced utility data.
Spearheaded by Singapore’s central bank, the Monetary Authority of Singapore (MAS), in collaboration with financial institutions, the initiative aims to simplify and automate the collection, processing and disclosure of environmental, social and governance (ESG) data — particularly for small and medium-sized enterprises (SMEs) that often face resource constraints.
