CDP and The Financial Authority of Singapore (MAS) signed a Memorandum of Comprehending (MOU) to endorse sustainability disclosures and entry to high quality ESG info throughout the economic sector and genuine financial state.
To help monetary institutions and corporates to improved evaluate and monitor their ESG performance and effects, MAS and CDP will collaborate to:
take a look at the exchange of information between CDP’s disclosure system and MAS’ Undertaking Greenprint (a technological innovation and information system for substantial-high-quality ESG data) to boost economical institutions’ accessibility to ESG facts and employ capability setting up programmes for corporates and fiscal institutions on local weather disclosures.
CDP’s environmental disclosure technique will allow investors, corporations and towns to measure and manage their environmental impacts. CDP has a single of the world’s most thorough collections of self-reported knowledge from organizations globally. This has sizeable synergies with Job Greenprint. The partnership amongst MAS and CDP aims to guidance economical institutions in their sustainable finance and financial investment choices by supplying access to transparent, trusted and productive ESG details.
Paul Simpson, Chief Executive Officer, CDP, commented, “As the pioneer of corporate environmental disclosure, CDP is delighted to aid MAS with our prosperity of information, insights and abilities. This partnership signifies a main contribution by MAS in driving the growth of sustainable finance equally domestically and globally. Setting up on the Singapore Exchange’s latest adoption of the suggestions of the Taskforce on Climate-similar Economical Disclosures (TCFD) among its listing requirements and the introduction of Venture Greenprint, stakeholders will have obtain to credible ESG insights and details that can be utilized to accelerate the move of sustainable financing across sectors and borders. We search forward to supporting MAS in making sure that the Greenprint platforms are made and operated in line with ideal tactics in environmental reporting and administration.”
Dr Darian McBain, Main Sustainability Officer, MAS, reported, “The signing of this MOU underscores MAS and CDP’s motivation to leverage technology to assistance generate the sustainability agenda. Harnessing technological innovation to aid reliable and successful ESG information flows is a essential part of MAS’ Eco-friendly Finance Action Prepare. In particular, know-how remedies current extraordinary likely to increase the availability, top quality, and comparability of ESG info and disclosures. I hope this collaboration among MAS and CDP will empower corporates in their sustainability journeys and to align their ESG disclosures with intercontinental greatest practices.”