What's Happening?
Forvis Mazars, a Singapore-based consulting firm, has announced a strategic partnership with EcoOnline, a global provider of sustainability software. This collaboration aims to integrate EcoOnline's advanced software tool into Forvis Mazars' suite of sustainability services. The software is designed to help organizations manage their Environmental, Social, and Governance (ESG) data effectively, thereby aiding in achieving ESG goals, improving performance, reducing costs, and ensuring compliance with various reporting standards. The tool is built to handle enterprise-grade complexity and aligns with major frameworks such as the Corporate Sustainability Reporting Directive (CSRD) and the Global Reporting Initiative (GRI). This partnership will enhance Forvis Mazars' offerings in advisory, sustainability reporting, ESG assurance, carbon accounting, and risk analytics.
Why It's Important?
The partnership between Forvis Mazars and EcoOnline is significant as it addresses the growing demand for robust ESG data management solutions. As organizations face increasing pressure to meet sustainability goals and comply with stringent reporting standards, the integration of EcoOnline's software provides a comprehensive solution. This collaboration not only strengthens Forvis Mazars' service offerings but also supports organizations in their sustainability journey, ultimately contributing to national and global net-zero agendas. The move is particularly timely given the extended timelines announced by ACRA and SGX Reg Co for non-STI listed companies to adapt to climate-related disclosures, emphasizing the need for investment-grade, auditable data.
What's Next?
The partnership will also focus on increasing market awareness through educational initiatives in Singapore. These initiatives will include training and knowledge-sharing sessions aimed at helping companies better understand and leverage the EcoOnline solution. By doing so, Forvis Mazars and EcoOnline aim to equip organizations with the necessary tools and guidance to accelerate their sustainability efforts and prepare for future mandatory assurance requirements, thereby enhancing investor confidence.
