Green Finance Industry Taskforce (GFIT)

The Green Finance Industry Taskforce (GFIT) was convened by the Monetary Authority of Singapore (MAS) from November 2019 to Apr 2023 for the following key objectives:

  1. To establish Singapore as the premier financial hub for green and sustainable finance in Asia;
  2. To leverage green and sustainable finance as on e of the key approaches to achieving Singapore’s green agenda; and
  3. To identify best practices, as well as key measures and resources needed to develop the green and sustainable finance ecosystem in Singapore.

The GFIT advanced the three objectives through the following four key initiatives:

  1. Develop a taxonomy
  2. Improve disclosures
  3. Foster green finance solutions
  4. 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:

View GFIT Publication
View Green Finance Industry Taskforce Infographic
Infographic on Green Finance Industry Taskforce editDownload Infographic on Green Finance Industry Taskforce.


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