ESGPedia to support sustainability reporting among Filipino SMEs
MANILA, Philippines — Technology platform ESGpedia Pte Ltd has joined the SPARK program to support sustainability reporting among Filipino small and medium enterprises (SMEs).
ESGpedia is the official tech platform partner for the Single Accesspoint for ESG (SAFE) Initiative.
SAFE aims to close data and disclosure gaps in the Asia Pacific region.
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The Sustainable Practices and Reporting Kickoff (‘SPARK’) Program aims to foster sustainable business practices by Pinoy SMEs.
It explores the impacts of business activities on the economy, environment and society.
Article continues after this advertisementESGpedia’s inclusion into SPARK digitally integrated the SPARK reporting template onto its ESG reporting platform.
Also, ESGpedia ran workshops with SMEs under the Philippine Department of Trade & Industry (DTI) network.
The SPARK Template will provide Filipino SMEs with streamlined and standardized guidelines on ESG disclosers from the Securities and Exchange Commission (SEC).
The Template will be a digital assessment with guidance notes that give SMEs additional information on the requirements of the disclosure.
Filipino SMEs can use ESGpedia’s carbon calculator to receive an automated carbon calculation and greater insights into their greenhouse gas emissions.
As a result, small and medium Pinoy businesses can start their ESG reporting immediately.
Moreover, it helps them comply with local and international requirements.
Emma C. Asusano, Director of DTI Bureau of Small and Medium Enterprise Development, said:
“As Filipino SMEs adopt sustainable practices, the SPARK Template on the ESGpedia platform enhances transparency and simplifies ESG reporting.”
“This integration boosts access to sustainable financing, attracts responsible investors, and strengthens SMEs’ resilience and competitiveness…”
“…aligning them with global standards and advancing the country’s sustainable development goals.”
The latest integration will test the digitalized SPARK Template’s SME applications.
Moreover, it empowers corporates, SMEs and the financial sector towards ESG reporting following international and country-specific frameworks.
