ST Engineering Geo-Insights and EY Corporate Advisors have inked a memorandum of understanding (MOU) in space technology and geospatial analytics to tackle pressing environmental challenges.
Under the MOU, they will explore using geospatial data to co-develop sustainability roadmaps and form a joint sustainability product development working group to focus on five key areas — namely deforestation; water management and quality; compliance with Taskforce on Nature-related Financial Disclosures or Task Force on Climate-Related Financial Disclosures requirements; carbon accounting; and baselining environmental impacts.
They will also look at developing a geospatial platform that combines ST Engineering Geo-Insights’ capabilities with EY’s existing infrastructure resilience services.
“Our relationship with EY represents an alignment of strengths and resources, dedicated to making meaningful contributions towards a healthier planet,” said Goh Ing Nam, General Manager of ST Engineering Geo-Insights.
“We are convinced that space tech can be a gamechanger for a better working world. With space tech and analytics, we can derive newfound insights to better understand our natural habitat, the built environment, patterns of human behavior or optimisation opportunities for critical infrastructure, and make smarter decisions to mitigate risks or unlock new opportunities and value for governments, businesses and the broader society,” said Liew Nam Soon, EY Asean Regional Managing Partner, Singapore Country Managing Partner of Ernst & Young Solutions.
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Entelechy Asia 