ESGpedia adopts the Simplified ESG Disclosure Guide (SEDG) for SMEs in Supply Chains to facilitate ESG reporting among Malaysian SMEs
KUALA LUMPUR, SINGAPORE, 25 January 2024 –
ESGpedia has joined the Simplified ESG Disclosure Guide (SEDG) Adopter Programme as an environmental, social and governance (ESG) reporting platform to support disclosures among Malaysian small and medium-sized enterprises (SMEs) and drive its adoption.
The SEDG was first launched in October 2023 by Capital Markets Malaysia (CMM), an affiliate of the Securities Commission Malaysia, making Malaysia the first country globally to provide SMEs within global supply chains with a streamlined and standardised set of guidelines in relation to ESG disclosures.
Asia’s leading ESG data and technology solutions company, STACS, will be integrating the SEDG into its ESGpedia reporting platform. The digitalised SEDG tool will be in the form of a digital assessment, equipped with guidance notes to provide SMEs additional information on the requirements of the disclosure.
Malaysian SMEs can also use ESGpedia platform’s embedded carbon calculator in accordance with GHG Protocol and ISO14064 methodologies to attain an automated carbon calculation and greater insights into their GHG emissions.
This enables Malaysian SMEs to leverage digitalisation to easily kickstart their ESG reporting journey in accordance with their local reporting requirements, and future-proof against looming ESG regulations globally, which will affect Asia’s supply chain competitiveness, especially for carbon-intensive markets.
Benjamin Soh, Founder and Managing Director at STACS, said:
“SME enablement is key in maintaining competitiveness in the global supply chain. We are delighted to be facilitating the SEDG programme for Malaysia, to streamline the ESG reporting journey for Malaysian SMEs, helping them better position themselves and manage the increasing ESG regulatory requirements and scrutiny today.”
ESGpedia has presence across ASEAN, empowering corporates, SMEs, and the financial sector towards ESG reporting in accordance with international and country-specific frameworks such as the ISSB, GRI, PCAF, SEDG, and more.
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For further information, please contact:
STACS (www.stacs.io)
Grace Lim, Senior Marketing Manager
Email: [email protected]
About STACS
STACS (Hashstacs Pte Ltd) is Asia’s leading ESG data and technology company, headquartered in Singapore. Its ESGpedia platform powers the ESCAP Sustainable Business Network (ESBN) Asia-Pacific Green Deal digital platform, the ASEAN Single Accesspoint for ESG Data (SAFE) pilot initiative, and the Monetary Authority of Singapore’s (MAS) Greenprint ESG Registry. With more than 5 million sustainability data points, ESGpedia serves as the Nexus of ESG, digitally empowering corporates, SMEs, and the financial sector to ensure compliance towards ESG regulations and attain their ESG goals. For more information, please visit www.stacs.io.