Focus areas and schemes to develop Singapore as a global hub for sustainable finance.
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.
In his keynote speech at SFF x SWITCH 2019, Mr Ong Ye Kung, Minister for Education and MAS’ Board member articulated Singapore’s goal and action plan to be a leading centre for Green Finance, to promote sustainable development, in Asia and globally.
MAS announced today that it has set up a US$2 billion green investments programme (GIP) to invest in public market investment strategies that have a strong green focus.
Ms Jacqueline Loh, MAS' Deputy Managing Director spoke about three trends that continue to shape the financial markets of tomorrow - sustainable finance, technology and innovation, and the evolving dynamics of our public and private markets.
Mr Ravi Menon, Managing Director, MAS, spoke on three investment themes that investors can consider to achieve wellness in their investment.
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.