Overview

Sustainability remains integral to Singapore’s long-term growth strategy and economic resilience, as physical and transition risks continue to intensify, with material implications for economies and financial systems.

MAS embeds environmental and climate considerations across its key functions:

• As a central bank and integrated financial regulator, MAS works with financial institutions to enhance the financial sector’s resilience to environmental and climate-related risks.
• As a developer of Singapore’s financial centre, MAS fosters the growth of sustainable finance markets and solutions to accelerate Asia’s low carbon transition.
• In stewarding Singapore’s official foreign reserves, MAS incorporates climate-related risks and opportunities into its investment strategies, aligning portfolios with sustainability objectives and global best practices.
• As an organisation, MAS also seeks to reduce its own environmental footprint in support of Singapore’s national climate goals.

Sustainable finance demand remains resilient in the SEA region. Singapore continues to be ASEAN’s largest market for green, social, sustainability and sustainability-linked (‘GSSSL’) bonds and loans, accounting for more than half the ASEAN sustainable debt issuances market. In 2025, Singapore saw over $27 billion of in GSSSL loans issued even amidst a modest pullback globally, and welcomed Singapore’s first transition loan issuance.

MAS will continue to strengthen key building blocks for sustainable finance. We remained focused on working with industry stakeholders, as well as regional and international partners, to support Singapore’s sustainable finance ecosystem and catalyse innovative financing solutions for Asia’s low carbon transition and resilience needs.

More details of MAS’ sustainability efforts can be found in MAS’ Sustainability Report 2025/2026.