Summary
A standardised impact measurement framework helps organisations accurately assess both positive and negative environmental, social, and governance (ESG) impacts of their business activities and investment. Singapore Green Finance Centre (SGFC) proudly presents its first whitepaper on ESG measurement and standardisation, building on its efforts co-developing an Impact-Weighted Account Framework (IWAF). It describes the stages involved in compiling impact-weighted accounts and uses examples to illustrate how organisations can apply the IWAF to their ESG impact measurement. This report also highlights the need to develop an Asia-focused IWAF due to the unique landscape of Asian economies.
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