GreenArc Capital, a Singapore-based startup that provides ESG analytics, has been admitted to Franklin Templeton’s Singapore FinTech Incubator.
The incubator was opened in June 2022 and GreenArc Capital is the second startup to be admitted.
The use of ESG analytics is seen as a way to address some of the data challenges in the sustainability sector.
“The sustainable investing landscape has seen substantial growth in Asia Pacific, but inconsistent disclosure requirements and the absence of unified reporting standards have been cited as key barriers for its continued growth,” said Chetan Karkhanis, SVP, digital strategy and wealth management, Asia Pacific, Franklin Templeton
“Technology has the potential to address some of these challenges, especially when combined with increased availability of sustainability data following regulatory changes such as the recent introduction of mandatory ESG disclosures for listed companies in Singapore,” added Karkhanis.
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