By integrating with government databases, Singapore has launched the world's first national digital platform to allow enterprises to extract officially provided energy usage data and automatically generate basic sustainability indicators. This helps companies and small to medium-sized enterprises complete sustainability reports and meet relevant requirements.
The digital platform company Gprnt, supported by the Global Financial and Technology Network under the Monetary Authority of Singapore, announced on the 22nd that the platform has been integrated with the MyInfo Business database from the Government Technology Agency. Enterprises can directly obtain data on their usage of water, gas, and electricity from the Public Utilities Board and the Energy Market Authority through the Gprnt platform.
Through the Gprnt platform, once the company agrees, they can use their Corp pass account to securely and conveniently extract officially provided data and automatically generate basic sustainability indicators to complete environmental, social, and governance (ESG) related reports. This includes the disclosure of Scope 1 and 2 emissions, and the entire process takes just a few minutes and is free.
Carbon emission accounting is divided into three scopes, with Scope 1 referring to emissions directly produced by the company, Scope 2 referring to emissions indirectly produced by the purchase of energy, and Scope 3 covering all other indirect emissions.
The Singapore Exchange Regulation requires all listed companies to disclose their Scope 1 and 2 greenhouse gas emissions from the fiscal year 2025 onwards and to comply with the climate-related requirements in the International Financial Reporting Sustainability Disclosure Standards published by the International Sustainability Standards Board.
The Monetary Authority launched Gprnt in November 2023, and it is set to gradually be enabled starting from the first quarter of 2024. Last November, the platform also launched disclosure and market tools to help enterprises gather and share ESG data.
By simplifying the sustainability disclosure processes of various enterprises, the platform can assist the Singapore Economic Development Board and other government agencies in promoting carbon accounting, especially among small and medium-sized enterprises.
Gprnt has also received seed funding totaling USD 4.62 million (MYR 19.73 million) from two institutions, Ant International and Mitsubishi UFJ Financial Group, to enhance the platform's digital capabilities, deepen artificial intelligence abilities, and accelerate the introduction and integration of more local and regional partners.