Climate tech software company Offsetted today launched an Environmental, Social, and Governance (ESG) compliance solution - Offsetted Finance, to help the financial industry and real sector reduce their environmental impact and report on ESG-related disclosures.
Offsetted Finance is a Software-as-a-Service (SaaS) that empowers privately-owned financial institutions and publicly traded companies at the Singapore Exchange (SGX) to understand their carbon footprint, model emission reduction plans, and perform ESG-related disclosures. The product will also provide organizations with data-driven, actionable insights on their ESG performance improvement in line with industry-specific benchmarking and scoring. Offsetted Finance is aligned with recognized international standards and frameworks such as the Global Reporting Initiative (GRI), Task Force on Climate-Related Financial Disclosures (TCFD), and Sustainable Development Goals (SDG). The product launch was officiated by Alex Lazarenko and Daria Lipatova, founders of Offsetted, at the Singapore Fintech Festival.
“Offsetted Finance is destined to assist financial institutions, as well as companies in the real sector, on their path to net zero by providing an accessible one-stop-shop solution to understand their emissions and obtain an ESG score,” said Daria Lipatova, Co-Founder and Managing Director of Offsetted. “We believe that by providing a simple, accessible tool for assessing and acting on both direct and indirect emissions, the latter of the most important to the financial sector, Offsetted Finance enables organisations to respond to regulatory pressure easily. In addition to that, we assist our clients in creating long-term business growth opportunities utilizing various footprint reduction and decarbonisation solutions.”