Moody’s Provides ESG and Climate Scores for Singapore-listed Companies on SGX Website
Moody’s ESG Solutions announced today a new partnership with the Singapore Exchange (SGX), which will see ESG and climate scores for Singapore listed companies made available on SGX’s website. The scores will be provided by global ESG research and services company V.E, part of Moody’s ESG.
V.E’s ESG scores measure the degree to which companies take into account and manage material ESG factors. Companies are provided scores from 0-100, with higher scores indicating stronger ESG management. V.E conducts ESG materiality assessments and ESG management assessments, analyzing and scoring up to 38 distinct ESG criteria, framed within 40 industry specific models, to generate its overall ESG score.
The announcement marks the latest step in Moody’s increasing focus on growing its ESG presence in the APAC region. In February, Moody’s ESG Solutions opened a new office in Singapore to support the growth of sustainable finance, and facilitate the integration of ESG risks and opportunities into products and solutions for investors across APAC. In April, Moody’s Corporation announced an expansion of its Singapore office, along with a series of initiatives to spearhead ESG, climate and sustainable finance efforts in the region, including the establishment of an ESG Centre of Excellence for investor outreach, engagement and training, and an Innovation Lab and Technology Accelerator that will partner with local fintech companies in developing ESG analytical solutions and assessment tools.
Komi Rajdev, Head of APAC Business Development at Moody’s ESG Solutions, said:
“Our partnership with SGX aims to facilitate a robust and constructive dialogue between Moody’s and local market participants on sustainability issues. Our activities will enable Moody’s to deepen ESG insights in the region, provide thought leadership to the local investment community, and help position Singapore as a leading international centre for ESG finance and investment.”
Click here to view V.E’s ESG and climate scores for SGX-listed companies.