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The Monetary Authority of Singapore (MAS) is leading the charge towards a more sustainable future with the launch of Gprnt (pronounced “Greenprint”), an innovative digital platform born out of Project Greenprint. This platform, set to progressively roll out from Q1 2024, is poised to transform the landscape of environmental, social, and governance (ESG) data collection and access for both large enterprises and small and medium-sized enterprises (SMEs).
Gprnt, currently undergoing live testing with selected banks and SMEs, is designed to streamline ESG reporting processes, offering an inclusive and interoperable data layer for businesses and financial institutions alike.
The platform’s capabilities are expected to automate ESG reporting, providing end-users such as financial institutions, regulators, and corporations with timely insights to inform their sustainability-related decision-making.
At its core, Gprnt serves as an encompassing solution, simplifying ESG reporting by converting economic data into sustainability-related information. It achieves this through integrations with various digital systems used by businesses in their daily operations, including utility consumption, bookkeeping, payroll solutions, building and waste management, payments gateways, and AIoT (Artificial Intelligence of Things) sensor networks.
To facilitate seamless data collection for businesses in Singapore, Gprnt incorporates Myinfo business, enabling the retrieval of relevant data from trusted government sources via Singpass. This collaborative approach ensures a comprehensive and accurate representation of sustainability metrics.
The platform’s data computation process involves translating and computing source data into ESG-related outputs, allowing businesses to report with precision. In cases where source data is unavailable, Gprnt leverages AI tools, including intelligent document processing (IDP) and a GPT-4-powered chatbot, to extract key data from user-uploaded documents. This user-friendly approach aims to assist businesses in crafting sustainability disclosures and providing actionable insights.
Gprnt not only addresses the reporting needs of SMEs, which form the backbone of the global economy but also caters to the more sophisticated data needs of larger multinational entities and regional economies.
The platform’s expansion includes the creation of a new entity, Greenprint Technologies Pte Ltd, with strategic partners in both private and public organisations. This collaborative effort signifies a commitment to enhancing cross-border capabilities and supporting the complex data requirements of multinational corporations.
The platform’s flexibility allows businesses to share their ESG information with various stakeholders, including financial institutions for green and sustainability-linked loans, industry partners for accessing green business opportunities, government or regulatory bodies for climate reporting requirements, and international platforms like the Net Zero Data Public Utility.
Positioned strategically for future growth, Gprnt is poised to undergo a comprehensive evolution and expansion, enhancing its capabilities to meet the nuanced and intricate demands of larger corporations, financial institutions, and national authorities.
This forward-looking approach involves not only addressing current needs but also anticipating the evolving complexities of these entities. Gprnt’s commitment to continuous improvement ensures that it remains at the forefront of technological advancements, adapting to the dynamic landscape of ESG reporting and sustainability initiatives in the corporate and financial sectors.
As it expands, Gprnt aims to serve as a reliable and sophisticated tool, facilitating streamlined processes and fostering a more sustainable and transparent environment for its diverse user base. The envisioned growth involves establishing collaborative partnerships with organisations, leading to the development of specialised modules.
These modules will be tailored for sectoral data collection and outcomes tracking, championing a comprehensive and holistic approach to sustainability, particularly in pivotal sectors such as energy, industrial, and real estate.
This proactive approach ensures that Gprnt remains at the forefront of facilitating sustainable practices across diverse industries, contributing to a more environmentally conscious and responsible global landscape.
