The United Nations Development Programme (UNDP), the Global Legal Entity Identifier Foundation (GLEIF) and the Monetary Authority of Singapore (MAS) today signed a Statement of Intent to adopt Environmental, Social and Governance (ESG) digital credentials for micro, small and medium-sized enterprises (MSMEs) worldwide.
The Statement of Intent serves as the launch of the new initiative titled ‘Project Savannah’ will support the MSMEs to develop a globally endorsed set of Universal Trusted Credentials (UTC). As a result of having the credentials, the enterprises will have faster access to financing and new market opportunities, enabled by transparent and trusted data.
