SGX Group and MAS launch SGX ESGenome disclosure portal to streamline sustainability reporting and enhance investor access to ESG data
29 September 2022
On 12 September 2022, Singapore Exchange (“SGX Group”) and the Monetary Authority of Singapore (“MAS”) jointly launched ESGenome, a digital disclosure portal for companies to report environmental, social and governance (“ESG”) data in a structured and efficient manner, and for investors to access such data in a consistent and comparable format.
ESGenome is one of several initiatives under Project Greenprint aimed at developing a common disclosure utility that will facilitate sustainability reporting for companies listed on the Singapore Exchange Securities Trading Limited (“SGX-listed companies”).
The proliferation of multiple sustainability reporting frameworks and guidelines across jurisdictions, and the inconsistent manner in which data is being collected, verified and reported have created significant disclosure challenges and resulted in poor ESG data comparability.
ESGenome aims to help SGX-listed companies simplify the disclosure process using a core set of metrics that is mapped across global standards and frameworks. With ESGenome, companies can:
- carry out their baseline sustainability reporting based on a set of 27 SGX core ESG metrics;
- 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;
- provide only a one-time input for each ESG metric which can automatically be mapped across their selected standards and frameworks to cater to different investor requirements; and
- automatically generate a sustainability report from the inputs.
ESGenome provides investors and financial institutions access to relevant and comparable ESG data that allows for meaningful peer benchmarking and tracking of sustainability commitments and key performance indicators. This will enable capital to be mobilised more efficiently toward sustainable companies and projects.
The press release is available on the MAS website www.mas.gov.sg.