MioTech seeks more partnerships to expand ESG data services amid tougher disclosure rules
- Tougher ESG disclosure rules should create more opportunities for MioTech to grow outside its core coverage in China, South Korea and Southeast Asia, founder says
MioTech, which provides sustainability data and software, will form more partnerships with ratings and verification firms to expand its business and help clients meet regulatory demands, founder and CEO Jason Tu said.
As all mainstream global sustainability standards are already available on its data platform, the Hong Kong-based company is looking to extend its product offerings within its core markets in mainland China, Hong Kong, Taiwan, South Korea and Southeast Asia.
“Our next step is to develop more products catering to individual industries where the big brands are driving demand for supply chain sustainability disclosure,” Tu said in an interview. “A lot of the export-oriented manufacturing firms are rushing to ramp up their ESG efforts to gain a competitive advantage against their rivals, especially in the European market.”
In recent months, the company has teamed up with rating and assurance companies to give clients direct access to their services on MioTech’s platform, Tu said. This in turn will fuel the company’s growth and market share, he added.
