Climate data and analytics company Gprnt launched the world’s first nationwide utility enabling companies in Singapore to automatically generate their basic sustainability metrics, marking a significant step forward in the deployment of digital infrastructure for sustainability disclosure and data.
According to a press release, this was launched by the Monetary Authority of Singapore (MAS) as a digital platform of the Global Finance and Technology Network (GFTN), and is supported by US$4.62 million in seed funding from strategic investors Ant International and MUFG Bank.
Using Gprnt, Singapore-based companies can now retrieve utilities data, including their water, town gas, and electricity consumption values, from PUB, Singapore’s National Water Agency and the Energy Market Authority through Gprnt’s integration with the Government Technology Agency of Singapore’s (GovTech) Myinfo business service, which allows companies to use their Corppass accounts to securely retrieve data with consent.
Companies can now automatically convert their utilities data into basic sustainability metrics, such as Scope 1 and 2 emissions values, on the Gprnt platform within minutes and without cost.
Gprnt also supports national efforts by Enterprise Singapore and other government agencies to drive the adoption of carbon accounting, especially among small and medium-sized enterprises (SMEs). Companies can leverage their sustainability disclosures to unlock new opportunities such as sustainability-linked financing and participation in new green procurement tenders.
