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.
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.
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.
Reply to COS Cuts on GEMS, corporate governance, and sustainable financing.
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.