Monetary Authority of Singapore (MAS) and Singapore Exchange Group (SGX Group) launched ESGenome
The Monetary Authority of Singapore (MAS) and Singapore Exchange Group (SGX Group) announced the launch of ESGenome, a digital data platform that aims to enhance ESG reporting among Singapore-based corporates.
Hosted by UK-headquartered ESG data-focussed firm, World Wide Generation (WWG) as a live Software-as-a-Service (SaaS) solution, ESGenome is the result of a joint initiative to explore the development of a common disclosure process for SGX-listed companies. It is hoped that the digital disclosure portal will contribute to the wider Asian sustainability effort. Through ESGenome, companies can carry out their baseline sustainability reporting using a set of 27 ESG metrics that were compiled by SGX following public consultation with its investor base. Ranging from total corporate energy consumption to new hires and turnover by gender, it is this set of core "ESG DNA" that gives the platform its name.
In addition to MAS, SGX and WWG, the Association of Banks in Singapore (ABS), EY, the Investment Management Association of Singapore (IMAS), SAS, the Singapore Institute of Directors (SID) and the Sustainability Reporting Advisory Committee (SRAC), participated in the development of ESGenome.
