Highlights

• Forvis Mazars teams up with EcoOnline to firm up ESG reporting in Singapore.
• Partnership is pursuant to Singapore’s Green Plan 2030 and net-zero 2050 goals.
• Companies receive access to science-based ESG software for data, carbon accounting, and assurance.

Forvis Mazars has entered into a strategic partnership with EcoOnline in Singapore to bring expertise in audit and advisory with advanced ESG technology.

The move comes on the heels of Singaporean businesses facing new climate disclosure requirements under the Singapore Exchange (SGX) and the Accounting and Corporate Regulatory Authority (ACRA).

While timelines have been extended for most non-Straits Times Index companies, the regulatory direction is clear: climate-related reporting is becoming a standard business responsibility.

Read More: FCA Plans to Relax Climate Reporting Rules for Financial Firms

Through this partnership, EcoOnline’s ESG software will become part of Forvis Mazars’ sustainability services. This system gives companies a structured way to collect and manage data for environmental, social, and governance reporting.

The ESG software aligns with global standards, including CSRD and TCFD, and helps organisations identify gaps and build their capacity before mandatory reporting kicks in.

The software entails many areas that are important for credible reporting:

• In climate risk analytics, it replaces manual research with location-based data that follows scientific methods;
• In carbon accounting, it uses a verified engine to calculate Scope 1, 2, and 3 emissions, which makes emissions data more reliable;
• In forecasting, the system produces science-based scenarios with real-time updates to give businesses a definite view of their decarbonisation paths; and
• In sustainability assurance, it creates audit-ready records that boost confidence among regulators and investors.

EcoOnline’s technology was designed by environmental experts, including a Nobel Peace Prize laureate, and meets international benchmarks such as the GHG Protocol, ISO 14064-1, and PAS 2050. It has been recognised as a leader in the 2025 Verdantix Green Quadrant for ESG, which underlines its credibility in handling enterprise-level complexity.

Lai Kee Yin, Partner in Technology, Digital & Sustainability Consulting at Forvis Mazars, said: “Although ACRA and SGX Reg Co have recently announced extended timelines for non-STI listed companies to adapt climate related disclosure, it is imperative for organisations not to pause, but take the opportunity to build capabilities to support our national net-zero agendas and be ready for mandatory assurance to improve investor confidence.

“We consistently hear from clients that their biggest challenge is moving beyond narrative-based reports to produce auditable, investment-grade data. Having used EcoOnline’s solution ourselves, we have firsthand confidence in its science-based approach.”

Sean Flynn, Regional Sales Director at EcoOnline, described Singapore as a regional hub with a growing number of companies aligning with Green Plan 2030 and net-zero targets for 2050.

He also said that combining Forvis Mazars’ expertise with EcoOnline’s connected sustainability platform creates a strong base for companies preparing for new climate obligations.

Also Read: European Union Plans Major Rollback in Climate Reporting Rules

The partnership will also include educational sessions and knowledge-sharing programmes in Singapore. These initiatives aim to raise awareness and help companies understand how to use the system to improve their ESG reporting. The joint ESG and sustainability solution is now available to clients in Singapore.

Ends/

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Source: Forvis Mazars