KUALA LUMPUR: The Sustainable Finance Institute Asia (SFIA) has appointed STACS ESGpedia, a leading provider of ESG data and technology solutions in Asia, as the official ESG platform partner for the Single AccessPoint for ESG Data (SAFE) Initiative.
The SAFE Initiative is a regional effort to address ESG data challenges by uniting key stakeholders—governments, regulators, standard setters, financial institutions, corporations, and SMEs—to advocate for better data and disclosures across ASEAN and beyond.
“The appointment of STACS ESGpedia as the official ESG platform partner for the Initiative is a key step in providing the necessary tools to support corporates, SMEs, and financial institutions in their corporate sustainability and ESG reporting journey – understanding the key challenges faced by providers and users of data alike, the partnership between STACS ESGpedia and the SAFE Initiative provides a quasi-public utility approach which focuses on enabling access for all stakeholders,” SFIA said in a statement.
Through the partnership, SFIA will collaborate with STACS ESGpedia for the utilisation of ESGpedia, initially in Asia-Pacific markets, to facilitate the region’s ESG journey with a set of regular corporate disclosures.
ESGpedia provides a digital platform that streamlines various ESG standards, guiding companies through their sustainability journey. It includes digital tools for automatically calculating GHG emissions using the GHG Protocol and ISO14064 standard, tailored to the emission factors of Asia Pacific countries.
Companies can gain insights into their carbon footprint, generate ESG reports that meet both international and local regulations, and access data analytics and visualisation services for their own operations, supply chains, or financial portfolios.
“With the increasing requirement for ESG reporting impacting companies worldwide, there is a need for solutions in Asia to empower companies in the region, to ensure the supply chains of Asia remain resilient, sustainable and hence competitive in the face of global ESG regulations.
“We are honoured for ESGpedia to be the official ESG platform powering the SAFE Platform and to provide our full end-to-end suite of solutions to support companies of any size, from day one to full ESG readiness,” STACS ESGpedia founder and managing director Benjamin Soh said.
Meanwhile, SFIA chief executive officer Eugene Wong said: “This collaboration marks a significant milestone in our journey towards a unified and accessible ESG data disclosure platform for the Asean region.”
“By leveraging ESGpedia’s capabilities, we believe the SAFE Platform will provide much-needed support to businesses of all sizes, especially SMEs, to disclose credible ESG data that are crucial for accessing sustainable finance and competing in global supply chains.
“Working with STACS ESGpedia and SIL, the SAFE Initiative promotes interoperability across standards and jurisdictions, and develops sustainability disclosure capacity for the region. Together, we are committed to driving transparency, accountability, and informed decision-making in the sustainable finance ecosystem across Asean and the global markets.”
