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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Consultation Paper on Proposed Guidelines on Environmental Risk Management for Banks
This consultation sets out MAS’ proposed Guidelines on Environmental Risk Management for all banks, merchant banks, and finance companies. MAS is proposing to issue the Guidelines to enhance financial institutions’ resilience to and management of environmental risk.
- Consultation number:
- P003-2020
- Start date:
- 25 June 2020
- Closing date:
- 07 August 2020
- Status:
- Open
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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
- Status:
- Open
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Consultation Paper on Proposed Guidelines on Environmental Risk Management for Insurers
This consultation sets out MAS' proposed Guidelines on Environmental Risk Management for all insurers. MAS is proposing to issue the Guidelines to enhance financial institutions' resilience to and management of environmental risk.
- Consultation number:
- P004-2020
- Start date:
- 25 June 2020
- Closing date:
- 07 August 2020
- Status:
- Open
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"Shanghai and Singapore: Financial Centre Partnership" - Panel Remarks by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at Lujiazui Forum 2020 on 18 June 2020 [via Video Conference from Singapore]
Mr Ravi Menon, Managing Director, MAS, spoke on the role that finance plays in supporting post COVID-19 recovery, and how Shanghai and Singapore can work together to harness the power of finance to promote a greener, more sustainable economy.
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"Keeping Green and Impact in Focus" - Keynote Speech by Ms Jacqueline Loh, Deputy Managing Director, Monetary Authority of Singapore, at Asian Venture Philanthropy Network (AVPN) Virtual Conference 2020 on 8 June 2020
Ms Jacqueline Loh, MAS’ Deputy Managing Director, spoke about the role of green and sustainable finance, and impact investing, in supporting the pandemic response and development of a sustainable future.