Over the past year, MAS has worked closely with industry partners and stakeholders to build a vibrant sustainable finance ecosystem and strengthen the climate resilience of the financial sector. Significant progress has been made through several key initiatives including:

• Partnered the Singapore Exchange (SGX) to start to incorporate the climate-related disclosure requirements of the IFRS Sustainability Disclosure Standards for SGX-listed issuers from FY2025.
  
• Established an Industrial Transformation infrastructure debt programme, in addition to the Energy Transition Acceleration Finance (ETAF) partnership and Green Investments partnership (GIP), under the Financing Asia’s Transition – Partnership (FAST-P) initiative. A FAST-P Office has been established to support capital deployment across FAST-P’s three partnerships. 
  
• Jointly published the Multi-Jurisdiction Common Ground Taxonomy (M-CGT) with the People’s Bank of China and the European Union Directorate-General for Financial Stability, Financial Services and Capital Markets Union (FISMA) under the International Platform of Sustainable Finance. The M-CGT serves as a technical reference document to identify and assess activities which are classified as green under the EU, China and Singapore taxonomies.
  
• Published the Transition Credits Coalition (TRACTION) interim report that outlines key learnings behind the considerations on the use of transition credits to accelerate the early retirement of coal-fired power plants. 
  
• Launched Gprnt as an independent entity that will operate as part of the Global Finance and Technology Network (GFTN). Gprnt, which began in 2020 as Project Greenprint, is an initiative by the MAS to develop a disclosure utility to help companies streamline and automate their sustainability reporting. 
• Together with the Institute of Banking and Finance (IBF), embarked on initiatives to support upskilling of the financial sector workforce in sustainable finance, focusing on priority job roles identified by the Sustainable Finance Jobs Transformation Map, such as corporate banking and private banking relationship managers as well as credit risk officers.

Within the organisation, MAS continues to actively pursue sustainability in its operations by implementing various initiatives to reduce its carbon footprint. MAS is in the process of implementing carbon reducing measures over the next 3 to 5 years, including converting air-conditioned spaces to hybrid cooling, natural or mechanical ventilated spaces. To further reduce MAS’ Scope 3 carbon emissions, MAS has enhanced efforts in encouraging the use of “Fit-for-Gifting” currency notes. During Lunar New Year (LNY) 2025, 16.2 million pieces of Fit notes were exchanged, an increase of 38% compared to LNY 2024.  

MAS will continue to strengthen the climate resilience of the Official Foreign Reserves portfolio through a range of portfolio actions. In 2025, MAS has finetuned the use of climate indices based on our implementation experience and developed a roadmap for the active management of the Climate Transition Programme (CTP) equities portfolios against these indices. In FY2025, MAS began to shift the CTP equities portfolios from passive to active management.