Singapore’s Gprnt raised $4.62 M Seed funding from Ant International, MUFG

Strategic investors Ant International and MUFG Bank have contributed $4.62 million in seed funding to Greenprint (Gprnt), a sustainability reporting and data platform company based in Singapore.

This represents a major advancement in Singapore’s implementation of digital infrastructure for sustainability disclosure and data, according to a statement released by GPRNT last Thursday.

The statement claims that the new funding will be used to improve the company’s digital infrastructure, expand its artificial intelligence (AI) capabilities, and expedite the onboarding of partners in Singapore and the surrounding area.

The goal of Gprnt is to simplify and scale sustainability reporting with the help of Ant International, a global provider of digital payments, digitization, and financial technology with its headquarters located in Singapore, and MUFG Bank, one of the biggest financial institutions in the world.

In order to assist businesses with sustainability disclosures, assist clients in filling in the gaps in their Scope 3 supply chain data, and open up new partnership and funding opportunities, both organizations will incorporate Gprnt into their ecosystems.

“This marks a pivotal moment, not just for Gprnt, but for the future of sustainability reporting,”

“With our investors and strategic partners, we’ve built a landmark solution that empowers companies of all sizes to transform environmental, social, and governance (ESG) reporting and data from a burden to a bridge, at minimal cost and fuss,” said Lionel Wong, Executive Director, Gprnt.

“We’re excited to put Gprnt into the hands of more governments, financial institutions, corporates, and small and medium-sized enterprises (SMEs), to jointly shape a world where sustainable business models and practices become the norm,” he added.

The world’s first nationwide utility, which allows Singaporean companies to automatically generate their basic sustainability metrics, was also unveiled by GPRNT last Thursday.

The Monetary Authority of Singapore (MAS) introduced the platform as a digital extension of the Global Finance and Technology Network (GFTN).

Gprnt stated that it will keep expanding its network of partners and services throughout Asia in the upcoming months.

The company strives to empower all stakeholders across the entire value chain, from the smallest SMEs to the largest organizations, towards concrete and useful climate action with innovations like a proprietary sustainability marketplace, intelligent recommendation engines, and soon-to-be support for Scope 3 supply chain reporting.

Gprnt’s roadmap, which is backed by the GFTN, calls for the introduction of an end-to-end digital assurance service that is reasonably priced, an AI-powered virtual sustainability officer to help businesses, ESG data application programming interfaces (APIs), and ESG analytics tools to help users take action on the data they have publicly.

“Digital innovation and industry collaborations are key to helping micro, small and medium enterprises (MSMEs) in their sustainability transformation journeys,

“Through Program Sirius, Ant International collaborates with Gprnt and other industry leaders to explore ways to make the sustainability disclosure process easier and more robust for MSMEs, including aligning on sustainability metrics and leveraging the use of digital ecosystems which MSMEs already operate in,” said Leiming Chen, Chief Sustainability Officer, Ant International.

MUFG Bank’s Deputy Head of Global Corporate & Investment Banking, Asia Pacific, Taichi Murakami, praised Gprnt for its exceptional ability to rethink how businesses can incorporate sustainability data and reporting into their daily operations.

“This first-of-its kind utilities data feature is just another example of how the digital platform continues to scale new heights through the pioneering of innovative and intelligent solutions in service of Asia’s energy transition,

“MUFG’s strategic partnership with Gprnt is driven by a shared purpose of harnessing digital transformation for empowerment and growth, and we look forward to enhancing collaboration in areas ranging from sustainable finance to supply chain business solutions for the betterment of the broader business community,” he added.