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:
View GFIT Publication
Download GFIT Publication (4.06 MB).
View Green Finance Industry Taskforce Infographic
Download Infographic on Green Finance Industry Taskforce.
What's New
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MAS and McKinsey Explore the Use of High-integrity Carbon Credits to Accelerate and Scale the Early Retirement of Asia’s Coal-fired Power Plants
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).
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Working Paper on Accelerating the Early Retirement of Coal-Fired Power Plants through Carbon Credits
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.
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"ASEAN, Alternative Energy, and Artificial Intelligence" - Keynote Speech by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at 61st ACI World Congress on 21 September 2023
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.
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UK and Singapore Enhance Cooperation in Sustainable Finance and FinTech
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.
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MAS and SGX Group to collaborate with the Climate Data Steering Committee to strengthen global access to climate transition-related data
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.