Governance

Overview

MAS, as Singapore’s central bank, manages the Official Foreign Reserves (OFR). 

The Monetary and Investment Policy Meeting (MIPM) is a Board-level committee chaired by Chairman, MAS.  The MIPM oversees the investment of the OFR, including the implementation of climate-related portfolio actions and associated metrics and objectives.  The MIPM is supported by the Management Investment Committee (MIC) co-chaired by the Deputy Managing Directors of Markets & Development and Corporate Development respectively. 

On portfolio actions to manage climate risks, MIPM and MIC takes into consideration how climate change could impact long-term investment returns and risks. This includes assessments of portfolio impact under different climate scenarios, approaches to manage climate-related risks, allocation of risk capital to various climate strategies, monitoring of portfolio climate metrics, and tracking of portfolio emissions reduction progress.