The GFIT advanced the three objectives through the following four key initiatives:
- Develop a taxonomy
- Improve disclosures
- Foster green finance solutions
- Enhance environmental risk management practices of financial institutions
The GFIT comprised representatives from financial institutions, corporates, non-governmental organisations, and financial industry associations.
Find out more about the structure and achievements of the GFIT in the following:
MAS and McKinsey have jointly published a working paper setting out how high-integrity carbon credits can be utilised as a complementary financing instrument to accelerate and scale the early retirement of coal-fired power plants (CFPPs).
MAS, together with McKinsey & Company, launched a working paper which sets out how high-integrity carbon credits can be utilised as a complementary financing instrument to accelerate and scale the early retirement of coal-fired power plants (CFPPs) and identifies what is needed to develop a high-quality market for such credits.
Mr Ravi Menon, Managing Director of MAS, spoke on three dominant investment themes in Asia-Pacific in the next decade: ASEAN, Alternative Energy and Artificial Intelligence.
The 8th UK-Singapore Financial Dialogue facilitated a useful exchange of views, and identified opportunities for further collaboration on joint projects, in priority areas such as sustainable finance and FinTech and innovation.
The CDSC-MAS-SGX collaboration will aim to synergise across MAS Project Greenprint’s ESGenome disclosure portal and the CDSC’s Net-Zero Data Public Utility (NZDPU) global repository of climate transition-related data. It will allow companies that report into ESGenome to transmit to the NZDPU their data on Scope 1, 2 and 3 greenhouse gas emissions.