Strengthening Financial Sector Resilience to Environmental Risks

Disclosure and reporting guidelines for retail environmental, social and governance (ESG) funds

28 July 2022

MAS issued a set of disclosure and reporting guidelines for retail ESG funds to mitigate greenwashing risks. From 1 January 2023, retail ESG funds must disclose in offering documents their ESG investment objectives and approaches, as well as relevant ESG criteria and metrics. Retail ESG funds will also have to periodically disclose their ESG-related investments and how their ESG objectives have been met. The new requirements will facilitate better-informed decision-making by investors through greater comparability across retail ESG funds.