Additionally, both parties will explore co-developing a geospatial platform, integrating ST Engineering Geo-Insights’ capabilities into EY’s existing infrastructure resilience services that focus on rail, roads, water utilities, pipelines and power lines.
ST Engineering’s (SGX:S63
) earth observation and geospatial analysis business, ST Engineering Geo-Insights, and EY Corporate Advisors have announced the signing of a memorandum of understanding (MOU) in space technology and geospatial analytics to tackle pressing environmental challenges.
Under the MOU, both parties 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: deforestation; water management and quality; compliance with task force on nature and climate-related financial disclosures requirements; carbon accounting; and baselining environmental impacts.
