GreenArc secures MAS grant to pilot Green Bond Impact Measurement Solution with Franklin Templeton

We are thrilled to share that GreenArc was awarded the Monetary Authority of Singapore’s Financial Sector Technology and Innovation (FSTI) Innovation Acceleration (IA) grant to embark on an exciting pilot for Green Bond impact measurement. In collaboration with Franklin Templeton, the project aims to develop a technology-based solution to help quantify the impact of green bond portfolios in line with global industry standards including UN SDGs, with generative AI tools providing transformative and automated impact reporting, thus simplifying sustainability strategy management, monitoring, and reporting for financial institutions. While there are numerous principles and frameworks for green bond investing, we recognize that investors often remain concerned about the ultimate impact of their investments. We look forward to working with industry partners to expand our impact measurement solution to cover the green bond market and help bring a level of consistency and confidence to the sector.

Tariq Ahmad, Head of APAC Distribution at Franklin Templeton, said:

“Sustainable investment solutions such as green bonds will play an increasingly important role in investors’ portfolios for the transition to a low carbon future. Technological innovations such as generative AI has the transformative potential to help investors better understand, measure, and validate the impact of their sustainable investments. Through our partnership with GreenArc, we aim to harness technology and data to catalyze innovative solutions that help enable a more transparent, accountable and efficient ecosystem for green and sustainable finance in Singapore and the APAC region.”

Rony J Palathinkal, Co-Founder and CEO at GreenArc, said ‘Now that sustainable finance is becoming more mainstream, more traditional investors are moving into green and social bonds. Green bonds allow fixed income investors to support efforts to mitigate or adapt to climate change while maintaining investment returns. There are many principles and frameworks to align green bond investing with, however the final impact of an investment remains a major concern for most green bond investors. We are looking forward to working with industry partners to expand our impact measurement solution to cover the green bond market and help bring a level of consistency and confidence to the sector.’

Stay tuned for updates as we embark on this transformative journey!