The Business Times
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Startups rise to solve ESG’s data problems

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Janice Lim

Janice Lim

Published Mon, Dec 19, 2022 · 05:50 AM
    • The ESG data landscape has been beset with problems including lack of data transparency and consistency. But startups have emerged to plug the gaps across the whole value chain.
    • The ESG data landscape has been beset with problems including lack of data transparency and consistency. But startups have emerged to plug the gaps across the whole value chain. PHOTO: PIXABAY

    A NEW generation of startups has emerged to solve a critical problem for the environmental, social and governance (ESG) community: Data.

    As regulators, investors and consumers become more sophisticated about impact and greenwashing, they are also demanding better accounting and analysis of sustainability metrics, industry players told The Business Times. But those ambitions often come up against a wall of problems with ESG data — a wall that startups are trying to tear down.

    Too many standards

    Market players and observers have cited the lack of standardisation in ESG frameworks and metrics as a major problem. 

    ESGsustainable financeSGXMcKinseyDisclosuresFintechClimate changeStartups

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