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CORPORATE NEWS

STACS introduces latest

upgrades to ESGpedia platform

empowers banks, investors, insurers, and
corporates to overcome data fragmentation
and provide a complete picture with aggre-
gated ESG data across countries and sectors
via AI-powered harmonization of unstruc-
tured ESG data. Since the launch of ESG-
pedia version 2.0 in May this year, with 5
million sustainability data points, the plat-
form has since strengthened its AI capabil-
ities in aggregating, harmonizing, and stan-
dardizing ESG data, to even smart extraction
of ESG metrices from documents, and
enhanced its data coverage. It now includes
300,000+ companies’ sustainability data, of
which 115,000+ company profiles have full
corporate data overlaid and standardized.
As a key development, the platform now
offers Taxonomy Regulatory Mapping, which
provides digital automation to transform
portfolio data to regulatory needs like ESRS,
Environmental Risk Questionnaires (ERQ)
sia’s leading environmental, social, thrilled that ESGpedia’s latest platform in Singapore, Climate Change and Princi-
governance (ESG) data and tech- updates - with the introduction of ESGpedia ple-based Taxonomy (CCPT) Due Diligence
A nology solutions company, STACS, Nexus and Intelligence - has helped finan- in Malaysia, the Philippines’ SEC Sustain-
has launched upgrades to its ESGpedia cial institutions and companies across ability Reporting Form (SuRe), and more.
platform, offering digital tools to help busi- ASEAN achieve their ESG goals regardless In May 2023, ESGpedia launched the
nesses and financial institutions comply of their ESG maturities, and fill the ESG ESCAP Sustainable Business Network
with increasing ESG regulatory require- data gaps in the Asia-Pacific today.” (ESBN) Asia-Pacific Green Deal for Busi-
ments across Europe and Asia. With this, While financial institutions and large nesses digital program on ESGpedia, in
ESGpedia also unveiled several key use corporates need access to ESG data from partnership with ESBN. This provides a
cases with banks and corporates across SMEs in their supply chains, they face a digitalized and simplified self-assessment
the ASEAN region. lack of such data, especially in the Asia- tool meant to lower the barriers to entry for
Starting from 2024, more than 50,000 Pacific region. To help plug ESG data gaps corporates and SMEs, in order to help them
EU companies and 10,000 non-EU com- in the region and provide a complete ESG kick-start their sustainability journey. This
panies will be directly covered by the Euro- database, ESGpedia has enhanced its AI- will help companies report metrics that are
pean Sustainability Reporting Standards powered engine to provide a dual approach aligned with stakeholders’ needs and provide
(ESRS), and this coverage includes their - Nexus and Intelligence. them with an automated calculation of their
value chains, of which 90 per cent are small ESGpedia Nexus enables companies of GHG emissions, localized to multiple coun-
and medium-sized enterprises (SMEs), various ESG maturities to achieve their tries in Asia-Pacific. Companies that pledge
largely in Asia. Various Asian markets have end-to-end business needs and reach full their support and complete the digital assess-
also implemented mandatory regulatory readiness through active engagement and ment will be awarded an ESBN Green Deal
reporting to enhance the adoption of global its marketplace of sustainability solutions. badge in Gold, Silver, or Green, recognizing
sustainability and ESG standards, such as To lower barriers to sustainability, companies their commitment to sustainability.
the International Financial Reporting Stan- can create a free ESG profile with simplified Since then, ESGpedia has supported
dards’ (IFRS) inaugural ISSB standard, ESG metrics scalable to support interna- more than 100 companies across Asia-Pacific
with many disclosure requirements extend- tional assessments and standards reporting. to secure their ESBN Green Deal badge.
ing to large non-listed companies and SMEs. It offers digital tools that automatically The platform has also rapidly expanded
“ASEAN companies are facing increasing convert operational data like fuel, refrigerant, across Asia, launching in several ASEAN
mandatory ESG requirements, which are and electricity consumption to greenhouse markets including Vietnam, the Philippines,
extending to large non-listed companies gas (GHG) emissions under the standard and, most recently, Indonesia, to support
and SMEs,” said Mr. Benjamin Soh, GHG Protocol, localized to all Asia-Pacific countries’ local ecosystems, financial sectors,
Founder and Managing Director of STACS. countries. To help companies take positive and businesses in their ESG journey.
“This is where understanding your current action towards ESG excellence, ESGpedia The latest ESGpedia’s solutions were
ESG profile and leveraging technologies Nexus provides a marketplace where com- showcased at STACS’ industry event on
like AI help companies ensure compliance panies can amplify their ESG profile, and November 2, with the attendance of asso-
towards the evolving ESG regulations land- sell or procure ESG services. ciations, financial institutions, and cor-
scape across Europe and Asia. We are ESGpedia Intelligence, meanwhile, porate leaders. %

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