Blockchain development and technological solutions provider for financial markets Hashstacs (STACS) has developed v2.0 of its ESGpedia platform to help financial institutions and corporates map out and track their decarbonisation and sustainability goals. The latest platform iteration houses over 180,000 companies’ sustainability data, with 73,000 company profiles having full corporate data overlaid and standardised by STACS’ AI-powered engine. To do this, ESGpedia aggregates ESG certificates and credentials from verified global sources, with a focus on ASEAN-based companies, and produces a single verified and standardised ESG profile which will provide firms with a holistic overview of a company’s ESG-related progress. “Banks and corporates are increasingly seeking consistent and comparable primary ESG data of companies to support strategic decision-making,” said Benjamin Soh, Founder and Managing Director at STACS. The new ESGpedia platform also offers users enhanced solutions and analytics, including supplier sustainability monitoring and conditional screening and monitoring, which will help financial institutions to deepen client engagement and stewardship, as well as enhance their risk management. Sharon Yuen, Chief Commercial Officer at STACS, said: “An ecosystem-wide approach across technology, regulators, organisations, banks, and businesses of all sizes, is central to Asia’s plans to scale sustainable development towards net zero. ESGpedia serves as an epicentre of a rapidly growing ecosystem of partners across the region, and it is precisely this power of network that unlocks further value for our users.”
