Business
Green-X Collaborates with myESG to Boost ESG Adoption for SMEs in Asia Region
KUALA LUMPUR, MALAYSIA / ACCESSWIRE / March 22, 2023 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced its wholly owned Green-X Corp ("Green-X") signed
About this update from Greenpro Capital Corp.
[{"type":"text","content":"KUALA LUMPUR, MALAYSIA / ACCESSWIRE / March 22, 2023 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced its wholly owned Green-X Corp (\"Green-X\") signed an agreement with myESG to provide rating modules and guiding platform that assess an entity's ESG progress and orientation. Green-X validates and endorses myESG's platform for potential issuers who intend to list on its Digital Asset Exchange. Green-X is the first Shariah Compliant ESG Digital Asset Exchange licensed by the Malaysia's Labuan Financial Services Authority. myESG platform compliments ESG Quick Start Guides for SMEs recognized by Green-X. This initiative will be provided free for SME issuers during their initial onboarding.According to United Nation Global Compact (UNGC), small and medium-sized enterprises (SMEs) make up 90% of businesses globally. Asian Development Bank (ADB) classifies at least 71 million micro, small and medium-sized enterprises (MSMEs) in Southeast Asia. They account for 97% of all businesses in the region and employ 67% of the working population. Despite their numbers, MSMEs in the region contribute 40.5% to each country's gross domestic product on average and 19.2% of total export value in 2020. Despite their enormous impact, many are not yet fully engaged on environmental, social, and governance (ESG) issues.myESG CEO and Founder, Hon Seng, NG said: \"Our vision to accelerate ESG adoption among SMEs are well aligned with Green-X's aspiration. Our proprietary rating and disclosure platform enables a more effective and efficient ESG adoption.\"Green-X CEO, Dr. CK Lee said: \"myESG's panel of experts have more than 25 years of extensive experiences in ESG implementation in Asia Pacific region. I strongly believe this collaboration will accelerate our STO global business expansion plan.\"About myESGmyESG is a platform for SMEs to assess and manage risks associated with their environmental, social and governance practices and performance. myESG has its proprietary approach in coaching and aligning SMEs with global ESG expectations. myESG Pulse© and myESG Star+© are innovative solutions specifically designed to address the needs and challenges encountered by SMEs. Built around enterprise risk management approach and aligned with the major ESG disclosure schemes, myESG Pulse© is a ESG rating and disclosure tool which allows transparent disclo...