Taxonomy seeks to provide financial institutions with guidance on how to identify and classify activities that can be considered green or transitioning towards green. 


A well designed taxonomy will set out the environmental objectives, sectors and activities that are in scope. Metrics and thresholds that set out how activities can be classified as green or transition to their level of alignment with the environmental objectives will provide clear guidance to financial institutions. This further supports the provision of transition finance to the broader economy, and facilitate the move towards a cleaner and greener economy. 

MAS' Efforts in Taxonomy

We are contributing to local and regional taxonomy efforts and global initiatives to improve the compatibility of taxonomy frameworks. Compared to other taxonomies, a key feature of the Green Finance Industry Taskforce taxonomy is that it encompasses transition activities that allow for a progressive shift towards greater sustainability while taking into account starting positions and supporting inclusive economic and social development. 

What's New