In a strategic move toward a sustainable future, the Monetary Authority of Singapore (MAS) has spearheaded the introduction of Gprnt, an innovative digital platform emerging from Project Greenprint. Set to gradually launch from Q1 2024, Gprnt stands poised to revolutionize the landscape of Environmental, Social, and Governance (ESG) data collection and accessibility for enterprises of all sizes.
Currently undergoing live testing with selected banks and Small and Medium-sized Enterprises (SMEs), Gprnt aims to streamline ESG reporting processes, offering an inclusive and interoperable data layer for businesses and financial institutions.
The platform’s functionalities are geared towards automating ESG reporting, and delivering timely insights to end-users, including financial institutions, regulators, and corporations. At its core, Gprnt simplifies ESG reporting by transforming economic data into sustainability-related information through integrations with various digital systems used in daily business operations.
To ensure precise and comprehensive data, Gprnt incorporates Myinfo business, allowing the retrieval of relevant data from trusted government sources via Singpass. This collaborative approach enhances the accuracy of sustainability metrics, serving as a valuable resource for decision-makers.
Gprnt’s data computation process involves translating and computing source data into ESG-related outputs, facilitating precise reporting for businesses. Leveraging AI tools such as intelligent document processing and a GPT-4-powered chatbot, Gprnt extracts key data from user-uploaded documents, providing user-friendly assistance in crafting sustainability disclosures.
Beyond addressing SME reporting needs, Gprnt caters to the sophisticated data requirements of larger multinational entities and regional economies. The expansion includes the creation of Greenprint Technologies Pte Ltd, a new entity formed in collaboration with private and public organizations. This initiative aims to enhance cross-border capabilities and meet the complex data demands of multinational corporations.
Designed for future growth, Gprnt anticipates evolving complexities and commits to continuous improvement. The platform’s strategic expansion includes collaborative partnerships leading to the development of specialized modules for sectoral data collection and outcomes tracking. This approach ensures that Gprnt remains at the forefront of technological advancements, adapting to the dynamic landscape of ESG reporting and sustainability initiatives.
As Gprnt evolves, it positions itself as a reliable and sophisticated tool, fostering streamlined processes and contributing to a sustainable and transparent environment. The envisioned growth involves establishing collaborative partnerships, developing specialized modules, and championing a comprehensive approach to sustainability across various industries. Gprnt’s proactive stance contributes to a more environmentally conscious and responsible global landscape.
FAQs: Transformative ESG Reporting Initiatives in Singapore
Gprnt, pronounced “Greenprint,” is an innovative digital platform introduced by the Monetary Authority of Singapore (MAS) as part of Project Greenprint. It aims to revolutionize Environmental, Social, and Governance (ESG) data collection and accessibility for enterprises of all sizes in Singapore. The platform streamlines ESG reporting processes by automating data collection and offering an inclusive and interoperable data layer for businesses and financial institutions.
Gprnt is set to gradually launch from Q1 2024. It is currently undergoing live testing with selected banks and Small and Medium-sized Enterprises (SMEs). The platform is designed to cater to a broad user base, including financial institutions, regulators, and corporations, both large and small.
Gprnt simplifies ESG reporting by transforming economic data into sustainability-related information. It achieves this through integrations with various digital systems used in daily business operations, covering areas such as utility consumption, bookkeeping, payroll solutions, building and waste management, payments gateways, and AIoT (Artificial Intelligence of Things) sensor networks.
To ensure precise and comprehensive data, Gprnt incorporates Myinfo business, enabling the retrieval of relevant data from trusted government sources via Singpass. This collaborative approach enhances the accuracy of sustainability metrics, providing decision-makers with valuable and trustworthy information.
Gprnt leverages AI tools such as intelligent document processing and a GPT-4-powered chatbot. These tools assist in extracting key data from user-uploaded documents, ensuring a user-friendly approach to crafting sustainability disclosures and providing actionable insights.
Beyond addressing SME reporting needs, Gprnt caters to the sophisticated data requirements of larger multinational entities and regional economies. This includes the creation of Greenprint Technologies Pte Ltd, a new entity formed in collaboration with private and public organizations. This initiative aims to enhance cross-border capabilities and meet the complex data demands of multinational corporations.
Gprnt is committed to continuous improvement and anticipates evolving complexities. The platform’s strategic expansion includes collaborative partnerships leading to the development of specialized modules for sectoral data collection and outcomes tracking. This forward-looking approach ensures that Gprnt remains at the forefront of technological advancements, adapting to the dynamic landscape of ESG reporting and sustainability initiatives.
As Gprnt evolves, it positions itself as a reliable and sophisticated tool, fostering streamlined processes and contributing to a sustainable and transparent business environment. The platform’s proactive stance involves establishing collaborative partnerships, developing specialized modules, and championing a comprehensive approach to sustainability across various industries, ultimately contributing to a more environmentally conscious and responsible global landscape.