MAS, SGX Group launches disclosure portal for sustainability reporting
The portal simplifies the disclosure process using a core set of metrics.
The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX Group) has launched ESGenome –- a digital disclosure portal for companies to report Environmental, Social and Governance (ESG) data.
According to MAS and SGX Group, the portal simplifies the disclosure process using a set of 27 SGX core ESG metrics mapped across global standards and frameworks.
Through the Software-as-a-Service (SaaS) solution operated by World Wide Generation (WWG), companies can also make additional disclosures in line with globally recognised ESG reporting standards and frameworks across more than 3,000 ESG metrics, depending on materiality and their business needs.
“Companies need only provide a one-time input for each ESG metric – these inputs can be automatically mapped across their selected standards and frameworks to cater to different investor requirements,” the MAS and SGX Group said in a joint statement.
“A sustainability report can be automatically generated from the inputs,” they added.
Investors and financial institutions can also use ESGenome since it can provide them “access to relevant and comparable ESG data that allows for meaningful peer benchmarking and tracking of sustainability commitments.”