Green FinTech Development

Unlocking opportunities for green financing and combat greenwashing

21 June 2022 

MAS announced the first use case of AI utility NovA! to help financial institutions (FIs) assess the sustainability performance of Singapore’s real estate sector, by conducting ESG risk assessments for originating, underwriting and servicing sustainability linked loans. This would better enable FIs to direct financing towards sustainable projects and companies that meet sustainability performance targets. 

MAS and Google Cloud launched Point Carbon Zero Programme to catalyse climate FinTech solutions

26 July 2022 

MAS and Google Cloud jointly launched the Point Carbon Zero Programme to drive the innovation, incubation and scaling of climate FinTech solutions in Asia. To support the programme, Google Cloud launched the world’s first open-source cloud platform dedicated to climate finance, which would facilitate the deployment of these climate FinTech solutions and their adoption by the financial sector.

Launch of the ESGenome Disclosure Portal to streamline sustainability reporting and enhance investor access to ESG data

12 September 2022 

MAS and the Singapore Exchange (SGX) jointly launched ESGenome, a digital disclosure portal for SGX-listed companies to report environmental, social and governance (ESG) data in a structured and efficient manner, and for investors to access such data in a consistent and comparable format. 

MAS launched ESG Impact Hub to spur growth of ESG ecosystem

5 October 2022

The ESG Impact Hub was launched to spur co-location and collaboration between ESG FinTech startups and solution providers, FIs, and real economy stakeholders.