• Singapore launches Gprnt, a digital ESG reporting platform designed to help SMEs automate and streamline sustainability disclosures.
  • The platform supports Singapore’s Project Greenprint, reinforcing national green finance goals and building a tech-driven ESG ecosystem.

Singapore has launched a groundbreaking digital platform to help small and medium-sized businesses (SMEs) navigate environmental, social, and governance (ESG) reporting, marking a major step toward sustainable business practices.

Addressing the resource limitations sometimes encountered by smaller enterprises, the Gprnt program, led by the Monetary Authority of Singapore (MAS) in partnership with financial institutions, intends to streamline and automate the gathering, processing, and disclosure of ESG data.

The Gprnt platform allows SMEs to calculate sustainability-related data effectively by automatically generating key environmental measures using utility data received from the government.

The platform streamlines the reporting process by integrating with payroll, bookkeeping, utility, and other systems, enabling businesses to consent to data sharing via APIs.

The complexity and expense of sustainability reporting, which SMEs face while juggling several international standards and frameworks, are decreased by this automation.

“Gprnt is a game-changer for Singapore companies’ sustainability reporting,” said Ravi Menon, Chairman of the GFTN Board and Singapore’s Ambassador for Climate Action.

The program supports Singapore's green finance goals and is in line with the country's larger Project Greenprint, which was started by MAS to use technology to create an open and effective ESG ecosystem.

The platform provides a consistent solution for tracking and reporting ESG metrics, and it also serves national authorities and larger businesses.

To make sure Gprnt satisfies local SME needs, MAS is collaborating with organizations such as Enterprise Singapore and the Accounting and Corporate Regulatory Authority (ACRA).

The platform strengthens Singapore's position as a pioneer in sustainable finance, as the city-state has committed up to $500 million in concessional funding for the Financing Asia's Transition Partnership (FAST-P).

Gprnt encourages companies to participate in its beta phase, which is scheduled to launch gradually starting in Q1 2024 and promises a new era of accessible, data-driven sustainability for anyone.

Edited by Harshajit Sarmah