SINGAPORE – Businesses will be able to access more tools for their sustainability reporting and a wider suite of solutions to meet their decarbonisation needs under Gprnt.
The Monetary Authority of Singapore’s (MAS) digital platform for environmental, social and governance (ESG) reporting and data on Nov 6 released what it calls its Disclosure and Marketplace offerings.
Nine in 10 companies globally have expressed interest in ESG reporting as a means to address mounting compliance and stakeholder pressures, said Gprnt.
However, many companies, especially small and medium-sized enterprises (SMEs), face numerous challenges in getting started.
“The Gprnt Disclosure tool is designed to overcome these hurdles by offering a simple, automated, generative AI-powered solution to easily measure businesses’ Scope 1 and 2 emissions,” added Gprnt.
Scope 1 emissions refer to direct emissions incurred by a company, say, from its facilities or transport vehicles, while Scope 2 refers to indirect emissions such as the electricity or heating it buys from power generation companies.
The Gprnt platform will be integrated with government databases and private sector solutions, so that SMEs can easily calculate their basic emissions. The platform will also allow firms to assess their reporting of basic emissions, climate risk management and green procurement, generating baseline ESG data.
The process of generating a sustainability report is often the most time-consuming and resource-intensive of an organisation’s sustainability programme, said Gprnt, noting that the platform enables companies to generate basic disclosure reports on demand.
Gprnt Disclosure is free for all businesses’ individual use, with users retaining full control over their data and whom to share it with. For a fee, the tool can also be customised and deployed by larger organisations to collect data from their value and supply chains, and support their Scope 3 reporting efforts.
Scope 3 emissions refer
