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
-
Speech by Mr Heng Swee Keat, Deputy Prime Minister and Coordinating Minister for Economic Policies, at the Opening of the Wealth Management Institute on One Marina Boulevard on 9 February 2022
Deputy Prime Minister and Coordinating Minister for Economic Policies, Mr Heng Swee Keat, highlighted that asset and wealth management is a core part of the financial services sector and underpins Singapore's position as a global financial node. He also announced the launch of the Sustainable Finance Technical Skills and Competencies by MAS and the Institute of Banking and Finance.
-
MAS and Industry to Pilot Digital Platforms for Better Data to Support Green Finance
MAS will partner the industry to pilot four digital platforms under Project Greenprint, to address the financial sector’s needs for good data on sustainability.
-
"An Effective and Inclusive Transition to Net Zero" - Keynote Speech by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at Green Horizon Summit@COP26 on 4 November 2021
At the Green Horizon Summit@COP26, Mr Ravi Menon, Managing Director of MAS, highlighted three areas to get right to catalyse green finance – clear taxonomies; innovative solutions to unlock and catalyse multiple sources of financing; and supervision of how financial institutions are managing their climate-related risks.
-
Opening Remarks by Mr Lawrence Wong, Minister for Finance and Deputy Chairman, MAS at the Singapore Sustainable Investing and Financing Conference on 30 September 2021
At the inaugural Singapore Sustainable Investing and Financing Conference, Mr Lawrence Wong, Minister for Finance and Deputy Chairman, MAS spoke on three initiatives to expand Singapore's green finance ecosystem - carbon credits markets, sustainable finance solutions and products, and building new capabilities.
-
"Data and Technology for Climate Action" - Keynote Remarks by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at COP26 Investor Action on Climate Webinar via Video Conference on 29 June 2021
Mr Ravi Menon, Managing Director, MAS, spoke on issues relating to data – which is a critical foundation for the green economy architecture the world needs to build.