Bamboo Capital announced a cooperative endeavor with STACS on August 22, a leading Asian company in environmental, social, and governance (ESG) data and tech solutions, to utilize STACS’s platform, ESGpedia, to support corporate sustainability and ESG reporting for businesses in Vietnam.
Through this partnership, Bamboo Capital will integrate with ESGpedia, a one-stop ESG registry that aims to empower financial institutions and companies to achieve strategic sustainability goals through robust global ESG data as well as solutions and analytics, aiding companies, particularly those new to ESG reporting and sustainability, in easily computing Scope 1 and 2 carbon emissions. This entails using the ESBN Asia-Pacific Green Deal digital assessment, which is accessible at no cost on the ESGpedia platform.
“We are delighted to be partnering with STACS’s ESGpedia to empower businesses in Vietnam towards corporate sustainability and ESG reporting,” said Mr. Andy Tan, Group Strategy Director at Bamboo Capital. “We hope that our partnership with ESGpedia will allow companies to gain an understanding of their carbon footprint and current sustainability standing in a simple and guided manner, and ultimately lower the barrier of entry to kickstart and set the necessary foundation for businesses to embark on decarbonization and corporate sustainability.”
The partnership also empowers Bamboo Capital to utilize ESGpedia to enhance transparency in the lifecycle of Renewable Energy Certificates (RECs). This is achieved through the immutable recording of all REC attributes, including transaction and ownership details, along with immediate retirement upon purchase to prevent dual trading. As a result, market participants can access comprehensive REC attributes and data via a shared registry, facilitating transparency, tracking, and informed investment choices.
“Through our partnership with Bamboo Capital Group, we aim to provide a seamless and digital end-to-end experience for all companies in Vietnam and across ASEAN to gain awareness of their sustainability profile and GHG footprint, and take steps to manage their GHG emissions through active decarbonization strategies and energy transition measures,” said Mr. Benjamin Soh, Founder and Managing Director of STACS.
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