ESGpedia, a leading platform for sustainability information, has recently implemented the Simplified ESG Disclosure Guide in supply chains to streamline ESG reporting for small and medium-sized enterprises (SMEs) in Malaysia. This initiative aims to promote greater transparency and accountability in their sustainability practices.

By adopting this guide, ESGpedia aims to simplify the complex process of ESG reporting, making it more accessible and manageable for SMEs. The guide provides a structured framework and a set of standardized indicators that SMEs can follow to disclose their ESG performance effectively.

The implementation of this guide will enable Malaysian SMEs to better understand and measure their environmental, social, and governance (ESG) impacts. It will also help them identify areas for improvement and make informed decisions to enhance their sustainability practices.

ESGpedia’s decision to adopt the Simplified ESG Disclosure Guide reflects its commitment to promoting sustainable practices across supply chains. By facilitating ESG reporting among SMEs, the platform aims to encourage more businesses to integrate sustainability into their operations and contribute to a greener and more responsible economy.

This initiative aligns with ESGpedia’s broader mission to provide comprehensive and reliable information on ESG matters. By equipping SMEs with the tools and knowledge they need to report on their sustainability practices, ESGpedia aims to foster a culture of transparency and accountability within the business community.

ESGpedia’s adoption of the Simplified ESG Disclosure Guide is a significant step towards advancing sustainability practices in Malaysia. Through this initiative, the platform aims to empower SMEs to actively contribute to the country’s sustainable development goals and create a positive impact on the environment and society.

ESGpedia has recently joined the Simplified ESG Disclosure Guide (SEDG) Adopter Programme in Malaysia. As a leading environmental, social, and governance (ESG) reporting platform, ESGpedia aims to support Malaysian small and medium-sized enterprises (SMEs) in their ESG disclosures and drive the adoption of the SEDG.

The SEDG was introduced by Capital Markets Malaysia (CMM), an affiliate of the Securities Commission Malaysia, in October 2023. Malaysia became the first country globally to provide SMEs within global supply chains with a streamlined and standardized set of guidelines for ESG disclosures.

To further enhance the SEDG, Asia’s leading ESG data and technology solutions company, STACS, will be integrating the guide into its ESGpedia reporting platform. The digitalized SEDG tool will take the form of a digital assessment, complete with guidance notes to provide SMEs with additional information on the disclosure requirements.

Malaysian SMEs can also utilize the embedded carbon calculator on the ESGpedia platform, which follows the GHG Protocol and ISO14064 methodologies. This feature allows SMEs to automate their carbon calculations and gain deeper insights into their greenhouse gas (GHG) emissions.

By leveraging digitalization and utilizing the ESGpedia platform, Malaysian SMEs can easily embark on their ESG reporting journey in compliance with local requirements. This will help them future-proof themselves against upcoming ESG regulations worldwide, which are particularly significant for carbon-intensive markets and supply chains in Asia.

Benjamin Soh, Founder and Managing Director at STACS, emphasized the importance of SME enablement in maintaining competitiveness in the global supply chain. He expressed delight in facilitating the SEDG programme in Malaysia, as it streamlines the ESG reporting journey for Malaysian SMEs, enabling them to better position themselves and manage the increasing ESG regulatory requirements and scrutiny.

ESGpedia has a strong presence across ASEAN and empowers corporates, SMEs, and the financial sector in ESG reporting. The platform aligns with international and country-specific frameworks such as ISSB, GRI, PCAF, SEDG, and more.

About STACS, it is Asia’s leading ESG data and technology company, with its headquarters in Singapore. The ESGpedia platform powers various initiatives, including 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 over 5 million sustainability data points, ESGpedia serves as the central hub for ESG, digitally empowering corporates, SMEs, and the financial sector to ensure compliance with ESG regulations and achieve their ESG goals. For more information, please visit www.stacs.io.