SEEM, a pioneering Management Consultancy and regTech startup, is poised to change the landscape in helping leading Financial Institutions and real economy large corporations undergo their systemic change to innovate at scale for their Just NZ Transition at the pace they must leading to their longterm sustainability and disclosure of universal ESG metrics that can solve the problem of greenwashing. These universal ESG metrics will further enable measuring the creditworthiness of businesses while incorporating these measurements alongside their financials in an authentic, transparent, comparable and decision-worthy manner. These metrics apply to the leading FIs, also, which will enable them to comply with regulations.
SEEM was born at the end of 2017, with a mission “to create an ecosystem that nurtures entities to thrive, grow and become sustainable for the future”. It is founded with the belief that if an entity is sustainable for the longterm then it is doing certain things correctly, that it contributes directly or indirectly towards the bigger ecosystem that it is a part of. It has an outward look, not just inward. it is multi-stakeholder focused that is to say it contributes towards it customers, employees, suppliers, environment, society, and of course its shareholders directly or indirectly. The positive presence of such an entity is felt by the bigger eco-system and it becomes robust and thereby sustainable for the longterm. The bigger ecosystem becomes sustainable for the longterm too.
Key Challenges Addressed by SEEM:
Seema Sutradhar, Co-founder & co-CEO of SEEM, says
“Greenwashing and lack of action at the pace needed will not save humanity this time. Leading FIs and real-economy large corporations need to undergo their systemic change to innovate at scale for their just NZ Transition at the pace they must. We talk about startups and government or multi-lateral development banks’ funds and see them as the only way to create direct or indirect impacts, although their sizes are nowhere comparable to these giants and private sector finances. If we need scale and speed, the leading FIs and real-economy large corporations must become like a constellation of impactful startups, wherein the leading FIs innovating at scale transition financing a big part of which will be from blended financing and large corporations their product and services to achieve their Just NZ Transition, both, at the pace they must. In these entities, we need to give people clarity, Purpose and relatability and a mechanism to set clear goals and track progress authentically and transparently to spur action.
This is achievable through the two halves (The Movement & The Objectivity) of the standardised transformation methodology CTM (Change through Movement) ver2.0. The Movement includes Purpose, shifting mindset and culture, innovation at scale, a constant pipeline of self initiated, impactful projects and their non-financial outcomes and uni. ESG metrics (qualitative). The other half builds upon the existing or future possibilities from UN-SDGs, NZDPU, SBTi etc, with provisions to incorporate GFANZ’s or TPT’s and other such country level requirements etc. This objective framework includes the concept of entities periodic relative focus across the 16 SDGs- their ideal, actual and targets, entities’ periodic focus on their std sectoral impact parameters their baselines directly/as-financed and targets in alignment with sectoral pathways again directly/as-financed, and creates mechanisms for the Universal ESG Metrics (quantitative) that can solve the problem of Greenwashing. For the credibility of the self-initiated projects and their non-financial outcomes, periodic consolidation of the baselines’ and targets’ as mentioned earlier and their periodic update into NZDPU a governance framework at the entity level is also introduced in this methodology. This governance framework, adherence to it and the calculations for entities’ periodic actual and targeted relative focus across 16 SDGs will be open to external reviews and audits as per this methodology.”
SEEM considers reducing negative impacts is also contributing towards the bigger ecosystem. It had begun with CTM v1.0 centred on Purpose with – The Movement and its application for Digital Transformation, envisioning the regTech product CBD (Compliance by Design) for the corporate & investment banks, developed by another team. It solves the bank’s challenges in complying with regulations, solves its core issues of data silo, measures credit risk & compliance risk more accurately & discretely, measures creditworthiness of businesses incorporating their non-financial aspects alongside financials, brings more agility, creates a bank-wide MIS etc. Thus enabled the bank to deliver towards its purpose more powerfully.
SEEM’s Products and Services:
- HL Design for Universal ESG Metrics with variations for Leading FIs and real-economy large corporations, extendable across the financial and real-economy with policy support and deployment through Std. NZTP or std. NZTP-Templates as proposed
- Std NZ Transition Plans to deploy full CTM with variations for leading FIs & real economy large corporations (to be extended to MEs & equivalent s/chain & v/chain entities and financiers of SEs by another company and std. NZTP-Templates for part-CTM (applicable uni ESG & Purpose Discovery) to the SEs & equivalent s/chain & v/chain entities through the other company or its partners when mandated by policy say through G20, read more)
- regTech product CBD (Compliance by Design) for the Corporate & Investment Banks
- When the above policy is true – Curriculum for B-schools & universities on Longterm Sustainability of Entities (the foundation of CTM)
Additionally, these uni. ESG Metrics address the gaps posed by ISSB standards and enable deployment of Taxonomies, wherein the Taxonomies will add value as guidelines without the need to mandate them entirely.
Media Contact
Company Name: SEEM
Contact Person: Seema Sutradhar
Email: Send Email
Country: Singapore
Website: https://www.seem.sg/