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
Green Finance Action Plan
What's New
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“Innovation in Central Banking – Seizing Opportunities, Securing Our Future” - Remarks by Ms Jacqueline Loh, Deputy Managing Director (Corporate Development), Monetary Authority of Singapore, at BIS Innovation Summit on 25 March 2021
Ms Jacqueline Loh, Deputy Managing Director (Corporate Development), shared on how central banks should embrace and lead financial sector innovation, and channel these capabilities towards improving sustainability and enhancing cross-border payments.
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"The Future of Capital is Green" - Keynote Address by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at IMAS-Bloomberg Investment Conference on 9 March 2021
Mr Ravi Menon, Managing Director, MAS, spoke on the need to broaden the range of green financing solutions and markets; improve the consistency and transparency of ESG reporting and disclosure; and build knowledge and capabilities in sustainable finance.
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"Riding the Growth Momentum in Asia" – Keynote Speech by Ms Jacqueline Loh, Deputy Managing Director (Markets & Development), Monetary Authority of Singapore, at Asian Financial Markets Forum (Prelude) on 22 January 2021
Ms Jacqueline Loh, MAS’ Deputy Managing Director, spoke about the key trends and opportunities in Asian financial markets – focusing on opportunities from harnessing technology and in sustainable finance.
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Consultation Paper on Proposed Guidelines on Environmental Risk Management for Asset Managers
This consultation sets out MAS’ proposed Guidelines on Environmental Risk Management for all fund management companies and real estate investment trust managers. MAS is proposing to issue the Guidelines to enhance financial institutions’ resilience to and management of environmental risk.
- Consultation number:
- P005 - 2020
- Start date:
- 25 June 2020
- Closing date:
- 07 August 2020
- MAS response date:
- 08 December 2020
- Status:
- Responded
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MAS Launches World's First Grant Scheme to Support Green and Sustainability-Linked Loans
MAS has launched the Green and Sustainability-Linked Loan Grant Scheme. The first of its kind globally, the GSLS will enhance corporates’ ability to obtain green and sustainability-linked loans. The GSLS will also encourage banks to develop frameworks for green and sustainability-linked loans.