SGX, OneConnect collaborate to build ESG platform
SERVICE platform provider OneConnect on Wednesday announced that it will be building an environmental, social and governance (ESG) platform in collaboration with the Singapore Exchange (SGX).
OneConnect said the collaboration - agreed upon via a memorandum of understanding - will facilitate and simplify the ESG disclosure processes of companies listed on SGX.
Further, it will help overcome challenges that companies face with ESG information, including lack of comparability, changing investor demand, as well as the evolving business landscape and regulations, OneConnect added.
The platform will feature workflow management systems, report and visualisation modules and an ESG disclosure framework mapping to meet listed companies' ESG reporting and data processing needs.
Commenting on the collaboration with OneConnect, Michael Syn, senior managing director and head of equities, SGX, said: "The data and workflow platform will help SGX-listed companies report with more effective alignment to major disclosure standards.
"For investors, the benefit is more seamless integration of this core set of indicators into their investment strategies and capital allocation across portfolios, lowering the information friction they currently face."
A NEWSLETTER FOR YOU
ESG Insights
An exclusive weekly report on the latest environmental, social and governance issues.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Struggling French tech group Atos weighs financial lifelines
Brokers’ take: DBS cuts Venture Corp price target after Q1 earnings miss
GLP says 2025 bond repayment sources identified
Volvo Cars April sales rise on strong EV demand
KKR to buy India's Healthium Medtech at US$839 million valuation
Adani in talks with banks to borrow US$600 million for gas unit