MAS, CDP promote access to quality ESG data

Their MOU aims to improve MAS' Project Greenprint.

The Monetary Authority of Singapore (MAS) and non-profit organisation CDP have signed a memorandum of understanding (MOU)  to promote sustainability disclosures and access to quality environmental, social, and governance (ESG) data across the financial sector and the real economy.

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." MAS chief sustainability officer Darian McBain added that harnessing technology to facilitate trusted and efficient ESG data flows is a key component in MAS' Green Finance Action Plan. 

CDP's environmental disclosure system, one of the world's most comprehensive, allowed investors, companies, and cities to measure and manage their environmental impacts. This has significant synergies with MAS' Project Greenprint.