ESBN Asia-Pacific Green Deal for Businesses on ESGpedia

To obtain the Green Badge, companies simply need to sign up on https://esbn.stacs.io/#/, register their details and pledge their commitment to the ESBN Asia-Pacific Green Deal.

To obtain the Silver Badge, companies are required to provide at least 1 year’s worth of data for the self-assessment and upload the relevant supporting documents.

To obtain the Gold Badge, companies are required to fill up at least 2 years’ worth of data, with the relevant supporting documents uploaded, and exhibit a year-on-year improvement in emission intensity of at least 1.5%.

You can refer to https://stacs.io/esbn-apac-green-deal-for-businesses/ for more information.

The badges serve as a recognition of your company’s commitment and efforts towards sustainability.

Upon being awarded a badge, your company will be featured on our website https://esgpedia.io/esbn-green-deal-badge-achievers/ under the list of badge achievers.

Your profile on ESGpedia would also be updated with the relevant badges, which will be visible to users of ESGpedia – including corporates, financial institutions, asset managers, insurance companies, who may potentially be your clients, financiers or investors.

Lastly, you would also be able to further amplify your brand by showcasing your badge achievements in your marketing materials.

All these goes towards increasing visibility of your sustainability efforts amongst your key stakeholders, who may increasingly require their partners, suppliers, clients to showcase evidence of their sustainability efforts, given the rising regulatory pressure globally.

The Green Badge does not have a validity period as it is contingent on your pledge of commitment to the ESBN Asia-Pacific Green Deal.

The Silver and Gold Badge have validity periods of one year, for the year in which the assessment has been submitted. The company is expected to keep up with its yearly submissions to maintain its Silver or Gold Badge status.

The platform has a document upload function where companies are required to provide supporting documents to support their claims. ESBN Asia-Pacific Green Deal committee will conduct basic verification of data inputs based on these supporting documents for the sole purpose of awarding the badges.

However, for users who wish to rely on this data for purposes other than the above, you are encouraged to work with our 3rd party verification partners (such as Bureau Veritas, Tuv Sud, BSI, SGS etc.) to obtain an assurance report. This verification process will be conducted in accordance with industry standards, such as the ISO certification, which are commonly recognised by stakeholders across a wide range of industries. This process is on an opt-in basis, where there would be additional costs involved.

The verification process by ESBN Asia-Pacific Green Deal committee would take about 2-3 weeks, before the eventual awarding of the badges. Upon attainment of the badge, companies can expect to receive a congratulatory email where they would be informed of their achievement. This badge would also be reflected in their ESGpedia profile.

For companies who wish to tap on 3rd party verification partners to obtain assurance in accordance with industry standards, you may tap on our ecosystem of partners who would be able to provide preferential rates to users coming through the ESBN Asia-Pacific Green Deal Program.

ESGpedia facilitates a digital audit workflow to be conducted on the self-assessment inputs of companies. As a result of this streamlined workflow, we are able to help negotiate for a preferred pricing with our third-party assurance vendors, greatly reducing both the costs and time involved. The process can take up to 2 weeks, depending on the completeness of your supporting documents. Please contact us at [email protected].

The calculation methodology is developed in accordance with the Greenhouse Gas (GHG) Protocol. Emission factors used are taken from the GHG Protocol framework.

We are committed to continuously improving upon the platform and welcome any feedback that you may have to enhance the user-friendliness of the platform.

Contact us at [email protected] to explore further customization or deployment within the organisation utilizing this platform as a software-as-a-service.

Yes, STACS is certified for industry-standard data management practices. We have obtained the following certifications:

ISO/IEC 27001:2013 is an international standard that provides a framework for establishing, implementing, maintaining, and continually improving an Information Security Management System (ISMS). The standard specifies requirements for managing risks to the confidentiality, integrity, and availability of information through policies, procedures, and controls. It emphasizes the importance of continual improvement and is applicable to all types of organisations. Implementing an ISMS based on the ISO/IEC 27001:2013 standard can help organisations protect sensitive information and reduce risks related to data breaches, cyber-attacks, and other security threats.​

ISO 22301:2019 is an international standard that provides a framework for developing, implementing, maintaining, and improving a Business Continuity Management System (BCMS). The standard specifies requirements for identifying and prioritizing critical business processes, developing, and implementing strategies to mitigate risks and ensure continuity, establishing communication plans, and conducting exercises and tests to evaluate the effectiveness of the BCMS. Implementing a BCMS based on the ISO 22301:2019 standard can help organisations demonstrate their commitment to ensuring the continuity of critical business processes, reducing the impact of disruptions, and enhancing their resilience to unexpected events.​

SOC 2 Type 2 Report is an attestation report that evaluates a service organisation’s controls related to security, availability, processing integrity, confidentiality, and privacy over a period of time, usually three to twelve months. It provides assurance to customers and stakeholders that the service organisation has effective controls in place to meet its commitments and protect its customers’ data. The report is based on the Trust Service Criteria established by the American Institute of Certified Public Accountants (AICPA) and includes a description of the service organisation’s system, an assessment of the design and operating effectiveness of the controls, and an auditor’s opinion on the effectiveness of the controls.​

Data Protection Trustmark (DPTM) is a voluntary certification scheme in Singapore that recognises organisations that demonstrate responsible and accountable data protection practices. The certification is awarded to organisations that comply with the Personal Data Protection Act (PDPA) and its associated regulations and undergo an assessment by an accredited third-party assessment organisation. The assessment covers areas such as data protection policies and procedures, consent management, data access and correction requests, data retention and disposal, and incident management and breach notification processes. DPTM-certified organisations demonstrate that they have a robust data governance regime in place and DPTM also includes elements of both APEC CBPR and PRP.​

We work with companies to guide them on the language to be used in marketing collaterals in relation to the attainment of the ESBN Green Deal badges, so as to prevent misrepresentations or claims that could mislead users. Should there be any inconsistencies identified in the process, we will work with the companies to make the necessary rectifications accordingly.