The Monetary Authority of Singapore (MAS) has signed a memorandum of understanding with non-profit CDP to promote sustainability disclosures access to quality ESG data.
According to Singapore Business, their MOU aims to improve MAS’ Project Greenprint, which is a collection of initiatives that aims to harness technology and data to enable a more transparent, trusted and efficient ESG ecosystem to enable green and sustainable finance.
CDP’s environmental disclosure system, which Singapore Business claims is one of the world’s most comprehensive, enables investors, companies and cities to manage their environmental impacts – a system that has strong synergies with Project Greenprint.
CDP CEO Paul Simpson said, “Building on the Singapore Exchange’s recent adoption of the recommendations of the Taskforce on Climate-related Financial Disclosures among its listing requirements, as well as the introduction of Project Greenprint, stakeholders will have access to credible ESG insights and data that can be used to accelerate the flow of sustainable financing across sectors and borders.
“We look forward to supporting MAS in ensuring that the Greenprint platforms are developed and operated in line with best practices in environmental reporting and management.”
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