The Monetary Authority of Singapore (MAS) launched an integrated digital platform, Gprnt, also known as “Greenprint.” Gprnt is designed to simplify the way the financial sector and the real economy collect, access, and act on environmental, social, and governance (ESG) data to support their sustainability initiatives. The platform is a part of the MAS Project Greenprint, which was initiated in December 2020. The Gprnt platform is undergoing live testing with selected banks and small and medium enterprises (SMEs) and will be progressively rolled out from the first quarter of 2024 onward.
With the launch of Gprnt, a new public-private partnership was formed consisting of MAS and the private banking and technology firms like HSBC, KPMG Singapore, Microsoft, and MUFG Bank as strategic partners. The Gprnt platform will be managed by a newly created entity called Greenprint Technologies Pte Ltd. The new entity will bring capabilities and expertise to support commercialization of the platform and to engage key financial institutions and technology providers to drive the adoption of automated disclosure solution of Gprnt. The key functionalities of the digital platform are outlined below:
- Automated ESG reporting for businesses. Gprnt aims to streamline the collection, access, and use of climate and sustainability data. It will integrate with a range of digital systems like utilities consumption, bookkeeping and payroll solutions, payments gateways, and networks for artificial intelligence of things (AIoT) sensors and devices, which businesses typically use in their day-to-day activities. These integrations will allow businesses to consent to the release of data via application programming interfaces (APIs), to enable Gprnt to help businesses compute their sustainability metrics automatically and efficiently.
- Seamless ESG data computation and access. Gprnt will translate and compute source data into ESG-related outputs for businesses to report. The platform will enable mapping of sustainability metrics across key global reporting standards (such as the Global Reporting Initiative, or GRI, standard; the Task Force on Climate-related Financial Disclosures, or TCFD, framework; and the International Sustainability Standards Board, orISSB, standard), and automatic generation of basic sustainability reports from the middle of next year. Businesses will have the discretion to share their ESG information with financial institutions, industry partners, government or regulatory bodies, and international platforms such as the Net Zero Data Public Utility.
- Support for small businesses. Gprnt addresses the gaps and challenges for small and medium-size enterprises (SMEs) in commencing their sustainability reporting journeys. The platform’s reporting solutions, built in consultation with government agencies such as the Accounting and Corporate Regulatory Authority (ACRA), the Enterprise Singapore, and the Infocomm Media Development Authority (IMDA), are able to fully support local SMEs’ reporting needs.
The Gprnt platform is set to go live in the first quarter of 2024. Gprnt will progressively scale its capabilities and network of data sources next year, to serve the more advanced needs of larger multi-national corporations, financial institutions, supply chain players, and national authorities. Gprnt will also collaborate with ESG data providers and core banking solution providers, like Temenos, to develop capabilities that streamline how bank users leverage their data to access sustainable financing.
Visit Moody's Analytics Climate and ESG Risk Microsite to learn how you can proactively incorporate climate and ESG insights into your risk assessment process.
- Press Release
- Project Greenprint
- Visualization of the Gprnt Platform (PDF)
- SME User Journey on the Gprnt Disclosure Module (PDF)
Keywords: Asia Pacific, Singapore, Banking, ESG, Project Greenprint, Sustainability, Disclosures, Reporting, Gprnt, SMEs, Sustainable Finance, MAS
Hasan leads Moody’s Analytics ESG methodology development. He is expert on carbon transition, nature related risks and is a guest lecturer at ESSEC Business school on sustainable finance.
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