ESG Data Platform Gprnt
The Monetary Authority of Singapore (MAS) launched the ESG data platform Gprnt to help financial institutions and companies collect, analyze and process ESG data.
Gprnt is an important part of the Monetary Authority of Singapore’s Greenprint project and will be officially implemented in the first quarter of next year. Gprnt can help companies automate ESG reporting and allow users (financial institutions, regulatory agencies, etc.) to access data to achieve sustainable decision-making. Gprnt will also support functions such as ESG data access and product innovation.
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Main Functions of Gprnt
As an inclusive and operable platform, Gprnt will simplify enterprises’ data work. Gprnt has advantages in data collection, data calculation and data access.
In terms of data collection, Gprnt will integrate digital systems used by enterprises in daily activities, such as utility expenditures, payroll solutions, construction management, artificial intelligence IoT, etc. These integrations obtain data directly in the form of APIs and can be verified from trusted data sources.
In terms of data calculation, Gprnt converts and calculates source data into ESG indicators for corporate reference. Gprnt will provide technologies such as intelligent document processing to extract data from files uploaded by users. At the same time, GPT4-based chatbots can provide companies with sustainable suggestions. MAS plans to incorporate global reporting standards into the platform so that it can automatically generate sustainability reports and reduce corporate disclosure costs.
In terms of data access, companies have the right to decide with whom they share information. Companies can work with financial institutions to obtain green loans and sustainability-linked loans, industry partners to access green business and supply chain opportunities, and regulators to meet sustainability reporting requirements.
Future Development of Gprnt
Currently Gprnt will meet the reporting needs of SMEs, and MAS is consulting with relevant agencies to link Gprnt with the needs of SMEs. Gprnt has partnered with the Singapore Manufacturing Federation to provide its services to 5,000 SMEs.
Gprnt will gradually expand the data network to meet the disclosure requirements of large companies and financial institutions. MAS believes that Gprnt will produce deeper synergies and play a role in carbon emissions, ESG ratings, etc.
Reference:
MAS Launches Digital Platform for Seamless ESG Data Collection and Access
