Focus Areas
Focus areas and schemes to develop Singapore as a global hub for sustainable finance.
Sustainable Finance
Building the capabilities in our financial sector to incorporate Environmental, Social and Governance (ESG) considerations into financing decisions and drive long term sustainable economic growth.
Overview
Sustainable finance is the practice of integrating environmental, social and governance (ESG) criteria into financial services to bring about sustainable development outcomes, including mitigating and adapting to the adverse effects of climate change.
Singapore's financial sector can play a useful role in catalysing sustainable and green finance in the region. MAS is taking active steps to promote sustainable financing in our financial sector, including engaging financial institutions to consider ESG criteria in decision making processes, support the adoption of industry standards and guidelines, encourage industry-led capacity building efforts, develop the green bond market in Singapore and collaborate with local stakeholders and international counterparts to distill best practices.
Key Facts
US$200 billion per year
Estimated green investment needed in ASEAN till 2030
>80%
Top asset managers in Singapore are already United Nations Principles for Responsible Investments (“UN PRI”) signatories
57
Investment organisations expressing support for the Singapore Stewardship Principles (“SSP”)
MAS is working on a comprehensive, long-term strategy to make sustainable finance a defining feature of Singapore's role as an international financial centre, just as wealth management and FinTech have become.
- Mr Ravi Menon, Managing Director, Monetary Authority of Singapore
SIAS 1st Master Series Investment Conference
SIAS 1st Master Series Investment Conference
What's New
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"The Wellness of Investing - Eating Well, Sleeping Well, Feeling Well" - Keynote Remarks by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at SIAS 1st Master Series Investment Conference on 11 July 2019
Mr Ravi Menon, Managing Director, MAS, spoke on three investment themes that investors can consider to achieve wellness in their investment.
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Singapore and UK to Enhance Cooperation in Data Connectivity, Talent Development, Green Finance and Cybersecurity
Singapore and UK concluded three agreements that will further deepen connectivity between the financial centres in Singapore and the UK. The agreements were made at the UK-Singapore Business Summit held on 13 June 2019 in commemoration of Singapore’s Bicentennial.
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"Nurturing the Growth of Green, Social and Sustainability Bonds" - Opening Remarks by Mr Benny Chey, Assistant Managing Director, Monetary Authority of Singapore at Innovate4Climate, on 4 June 2019
Mr Benny Chey, Assistant Managing Director, MAS highlighted how Singapore is enhancing its capabilities to support growth in the financing of green investments and sustainable practices in the region.
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Reply to COS Cuts on GEMS, corporate governance, and sustainable financing
Reply to COS Cuts on GEMS, corporate governance, and sustainable financing.
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"Window To The Past, Portal To The Future" - Speech by Ms Indranee Rajah, Minister in the Prime Minister’s Office, Second Minister for Finance and Education at the Standard Chartered Bank's 160th Anniversary Celebration Dinner on 13 February 2019
Ms Indranee Rajah, Minister in the Prime Minister’s Office, Second Minister for Finance and Education, spoke on how Singapore is positioning itself for the future, such as leveraging Asian growth, innovation, helping people to reskill and upskill, financing infrastructure development, and supporting sustainability and green financing.