Overview

As an international finance centre, Singapore plays an important role in catalysing Asia’s transition to a sustainable future. Environmental and climate considerations are integrated across MAS’ core functions:

• As a central bank and integrated financial regulator, MAS works with financial institutions (FIs) to strengthen the resilience of Singapore’s financial sector against environmental risks.
• In promoting the growth and development of Singapore’s financial centre, MAS works with FIs to develop a vibrant and sustainable finance ecosystem to support Asia’s transition to a low-carbon future. 
• As the guardian of Singapore’s official foreign reserves, MAS integrates climate risks and opportunities into its investment framework.
• As an organisation, MAS seeks to reduce its own carbon and environmental footprint to support Singapore’s broader climate ambitions and commitments.

MAS also actively contributes to global efforts on sustainable finance through participation in, and leadership of, international committees, multilateral and regional platforms, and bilateral cooperation. MAS works closely with global counterparts to: (i) build alignment and consistency in supervisory and regulatory approaches, and advance global standards; and (ii) strengthen collaboration in green and transition finance solutions to deepen markets and capabilities development. 

The Singapore Sustainable Finance Association was launched on 24 January 2024. It is the first cross sectoral industry body to support the development of Singapore as a leading centre for sustainable finance. 

In support of Asia’s transition to a low-carbon future, MAS announced several initiatives in the last year, including the Singapore-Asia Taxonomy for Sustainable Finance, Transition Credits Coalition and Financing Asia’s Transition Partnership. 


More details of MAS’ sustainability efforts can be found in MAS’ Sustainability Report 2023/2024.