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The financial sector plays such a critical role in the net-zero transition. We need more funding, not just for new green activities but also for transition activities. This means channelling financing to decarbonise power generation, and other aspects of our economy – be it buildings or transport. That is the only way the world can achieve net zero by 2050.”
- Mr Lawrence Wong, former Deputy Prime Minister and Minister for Finance, and former Deputy Chairman of the Monetary Authority of Singapore
Official launch of the Sustainable and Green Finance Institute (SGFIN)
Transition Credits
High-integrity transition credits can serve as a complementary financing mechanism to accelerate and scale the early retirement of coal-fired power plants (CFPPs).
Taxonomy
Taxonomy seeks to provide financial institutions with guidance on how to identify and classify activities that can be considered green or transitioning towards green.
Regulatory and Supervisory Approach
The financial sector is exposed to environmental and climate-related risks through its financing, insurance and investment activities. MAS is committed to play a leading role to bolster the financial sector’s resilience to environmental risks.
Sustainable Financing Solutions
To support the growth of the green economy in Singapore and Asia, we are developing sustainable solutions with various stakeholders in the financial sector and our international counterparts.
Sustainable Talent Ecosystem
To deepen Singapore’s sustainable finance capabilities, MAS is developing a strong sustainable finance research and talent development ecosystem.
Green FinTech
Technology and Sustainability are two key driving forces shaping the future of financial services. Understand more about the various initiatives for technology solutions and projects that accelerate the growth of Fintech and Green Finance.
International and Regional Collaborations
To shape the development of sustainable finance in Singapore and the region, MAS is working closely with industry, international and regional counterparts.
Investment Portfolio
MAS, as Singapore’s central bank, manages the Official Foreign Reserves (OFR). We are integrating climate change considerations into our investment framework to enhance portfolio resilience and support the transition to a low carbon future.
MAS' Operations
MAS is reducing its carbon and environmental footprint to support Singapore’s climate ambitions and commitments.
What's New
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"How Private Markets Can Underwrite Asia's Growth Story" - Keynote Speech by Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of the Monetary Authority of Singapore, at the SuperReturn Asia Conference on 25 September 2024
At the SuperReturn Asia Conference 2024, Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman, MAS spoke about how private markets can participate in and contribute to Asia's growth by supporting local firms, enabling green transition, and boosting the digital economy.
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"The Future of Blended Finance – Operating Platforms, Optionality and Ownership" - Opening Remarks by Ms Gillian Tan, Assistant Managing Director (Development & International) and Chief Sustainability Officer, Monetary Authority of Singapore, at the Allied Climate Partners Breakfast Roundtable on 24 September 2024
At the Allied Climate Partners Breakfast Roundtable, Ms Gillian Tan, Assistant Managing Director (Development and International) and Chief Sustainability Officer, MAS, summed up the future of blended finance in three “Os” – operating platform, optionality and ownership.
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"Tiny but Mighty – Scaling Blended Finance in Asia" - Opening Remarks by Ms Gillian Tan, Assistant Managing Director (Development & International) and Chief Sustainability Officer, Monetary Authority of Singapore, at the Blended Finance for the Low Carbon Transition Event at the Philanthropy Asia Summit on 17 April 2024
At the Blended Finance for the Low Carbon Transition Event at the Philanthropy Asia Summit, Ms Gillian Tan, Assistant Managing Director (Development & International) and Chief Sustainability Officer, MAS, highlighted three key gaps to address to achieve scale in blended finance: risk tolerant capital, risk-centric approaches to partnerships and risk mitigation.
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Speech by Mr Alvin Tan, Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth, and Board Member of MAS, at the Launch of the Sustainable Finance Jobs Transformation Map on 17 April 2024
At the launch of the Sustainable Finance Jobs Transformation Map (JTM), Mr Alvin Tan, Minister of State, Ministry of Culture, Community and Youth & Ministry of Trade and Industry, and Board Member of MAS spoke about the key findings and the importance of the JTM.
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MAS sets aside $35 million to Support Upskilling Singapore’s Financial Services Sector Workforce in Sustainable Finance
MAS and Institute of Banking and Finance, supported by Workforce Singapore, launched the Sustainable Finance Jobs Transformation Map, which lays out the impact of sustainability trends on jobs in Singapore’s financial services sector and the emerging skills that the workforce will require to serve sustainable financing demand in the region.