Revolutionizing Emissions Reporting: Gprnt Partners with Ant and MUFG for Nationwide Automation

Singapore has made history by becoming the first country in the world to launch a comprehensive digital utility for sustainability metrics. This groundbreaking initiative allows companies to automatically generate baseline sustainability metrics using government-source data.

Introducing Gprnt: A Digital Leap in Sustainability Reporting

The innovative platform, known as Gprnt (short for “Greenprint”), was developed by the Monetary Authority of Singapore (MAS) under the Global Finance and Technology Network (GFTN). With an initial funding of $4.62 million (S$6 million) from Ant International and MUFG Bank, Gprnt empowers businesses in Singapore to effortlessly access their utility consumption data. This includes vital information on electricity, water, and town gas usage, sourced directly from the Energy Market Authority and PUB via GovTech’s Myinfo business service.

Seamless Access to Sustainability Metrics

Once the data is retrieved, Gprnt automatically converts it into crucial sustainability metrics, such as Scope 1 and Scope 2 emissions, at no cost. This initiative represents the first instance globally where a government-supported digital platform enables all companies, irrespective of size, to disclose sustainability data effortlessly and connect with partners interested in supporting or incentivizing these disclosures.

Impact on Businesses and Sustainability Reporting

Ravi Menon, GFTN board chairman and Singapore’s climate ambassador, emphasized the significance of Gprnt, stating, “This platform is a game-changer for sustainability reporting among Singaporean companies. Access to high-integrity sustainability data is essential for formulating effective decarbonization transition plans. However, acquiring such data can be costly and complex, particularly for small and medium enterprises (SMEs) facing global trade challenges and economic uncertainties.”

Future Developments and AI Integration

The seed funding will be utilized to enhance Gprnt’s digital infrastructure, expand its AI capabilities, and onboard additional partners both in Singapore and the broader region. Strategic investors, Ant International and MUFG Bank, aim to incorporate the Gprnt platform into their ecosystems, assisting clients in managing Scope 3 data, fulfilling disclosure requirements, and accessing sustainability-linked financing.

Support for Micro, Small, and Medium Enterprises

Leiming Chen, Chief Sustainability Officer at Ant International, noted, “Digital innovation and industry collaborations are crucial for aiding micro, small, and medium enterprises in their sustainability transformation journeys. We congratulate Gprnt on this milestone and look forward to collaborating to foster inclusive growth.”

MUFG Bank’s Taichi Murakami echoed this sentiment, highlighting how Gprnt is reimagining the integration of sustainability data into business operations. “Our strategic partnership with Gprnt is driven by a shared commitment to harnessing digital transformation for empowerment and growth,” he added.

Transformative Tools on the Horizon

Gprnt’s executive director, Lionel Wong, described the platform as transforming ESG reporting from a burden to a bridge. Sopnendu Mohanty, CEO of GFTN, called Gprnt a “transformative force” in sustainability reporting and financing on a global scale.

Looking ahead, Gprnt plans to introduce a range of new tools, including:

• A sustainability marketplace
• An AI-powered virtual sustainability officer
• APIs
• ESG analytics
• Digital assurance services

These features will facilitate more advanced disclosures, such as Scope 3 reporting, and provide actionable insights for organizations of all sizes.

For further information, you can read the full article on RegTech Analyst.