News & Media Press Releases

UNDP, GLEIF and MAS to Embark on Project Savannah to Digitise Basic ESG Credentials for MSMEs

  • Date: 2023-06-22

The United Nations Development Programme (UNDP), Global Legal Entity Identifier Foundation (GLEIF), and Monetary Authority of Singapore (MAS) today signed a Statement of Intent to embark on a collaborative initiative to develop digital Environmental, Social, and Governance (ESG) credentials for micro, small and medium-sized enterprises (MSMEs) worldwide. Known as Project Savannah, this initiative aims to help simplify the ESG reporting process for MSMEs by leveraging on digital initiatives, such as MAS’ Project Greenprint, to generate ESG data credentials that can be housed in MSMEs’ Legal Entity Identifier (LEI) records. MSMEs will thus be able to transmit verified entity information and key ESG data to their business partners, strengthening their ability to gain access to global financing and supply chain opportunities.

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