STACS to Facilitate ESG Data Reporting for Businesses in the Philippinesby Fintech News Philippines September 11, 2023
The Philippine Dealing System Holdings (PDS Group) has partnered with STACS, an ESG data and technology solutions company, to use the latter’s ESGpedia platform to support corporate sustainability and ESG reporting for businesses and issuers in the Philippines.
Covering over 5 million sustainability data points, ESGpedia is a digital platform that simplifies various ESG standards and frameworks, providing an easy and guided sustainability journey for companies.
It also includes digital tools to automatically convert operational data to GHG emissions, allowing companies to gain insights into their carbon footprint.
Through this partnership, PDS Group is promoting ESGpedia for use by its community of listed issuers, and then for all other Philippine companies, to facilitate their ESG data reporting journey.
The partnership is part of the Sustainable Finance Institute Asia (SFIA) pilot initiative to address ESG data and disclosure gaps in ASEAN markets.
ESGpedia has been selected as one of the technology platform partners for the SFIA Single AccessPoint for ESG Data (SAFE) initiative pilot, which aims to bring together and empower key industry participants across ASEAN through credible, comprehensive, and consistent ESG data reporting.
This partnership follows the successful launch of ESGpedia in Vietnam with Bamboo Capital Group, which is also part of the SFIA SAFE Initiative, earlier in August.
Antonino Nakpil, PDEx President and CEO said,
“Powered by our partner STACS’s ESGpedia, SAFE will facilitate Philippine businesses’ access to credible, consistent, and comprehensive ESG data, generation of insights into their GHG emissions, and streamline their corporate sustainability and ESG reporting.
As the recipient of the corporate disclosures of its community of Issuers, the PDS Group is well positioned as a nexus for the new reporting regimes for corporate ESG data.”
Benjamin Soh, STACS Managing Director, said:
“Countries across Asia are transiting towards mandatory ESG disclosures.
To facilitate likely to be required disclosures for businesses in the Philippines, we are delighted that ESGpedia is partnering with PDS Group as part of the ASEAN Single Accesspoint for ESG Data (SAFE) initiative, to promote ESGpedia for use by its community of listed issuers and all other Philippine companies.