What role does technology play in advancing Singapore’s ESG drive?

The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) have launched ESGenome, a portal for companies to report Environmental, Social and Governance (ESG) data accessible by investors. DBS Bank has also announced decarbonization targets and features to predict consumers' carbon footprint. Singapore is leading in Green Fintech and ESG Finance, with assets estimated to hit US$53 trillion by 2025. MAS's Project Greenprint aims to develop digital platforms for better ESG data using Blockchain, IoT, and APIs. Technology plays a crucial role in reducing businesses' carbon footprints and enabling smarter platforms like digital banking, e-commerce apps, and online brokerage services. Aerospike has developed a unique Hybrid Memory Architecture that reduces infrastructure requirements by up to 80-90% compared to other in-memory databases or caching technologies, leading to significant reductions in costs and carbon emissions. This smarter choice of database technology can help businesses achieve better ESG data and access competitive financing options.