MAS continues to invest in the upskilling of the financial sector workforce in sustainable finance.

Since the launch of the Jobs Transformation Map (JTM) for Sustainable Finance in April 2024, over 9,200 financial sector professionals have been trained in IBF-accredited or IBF-recognised courses on sustainable finance.

IBF has also issued more than 13,600 Skills Badges to individuals who have acquired one or more of the 12 key sustainable finance technical skill competencies through IBF-accredited training. 

Growing the sustainable finance talent pipeline

MAS has been working with Institutes of Higher Learning (IHLs) since 2020 to establish a robust sustainable finance ecosystem. MAS supports two Centres of Excellence (COEs)—(i) Singapore Green Finance Centre (SGFC), a collaboration between Imperial College Business School and Singapore Management University’s Lee Kong Chian School of Business, and (ii) Sustainable and Green Finance Centre (SGFin) hosted by the National University of Singapore Business School to develop a deep talent pool in sustainable finance—from undergraduates to finance sector professionals in Singapore and the region.

SGFin and SGFC have developed and conducted approximately 20 sustainable finance related courses, training more than 10,000Figures are based on information provided by the Singapore Green Finance Centre and the Sustainable and Green Finance Institute. The total number of courses comprises 7 courses offered by SGFC and 13 by SGFIN. The total number of participants trained comprises approximately 8,000 participants from SGFC programmes and 2,085 from SGFIN programmes. These figures are not officially tracked by MAS. undergraduates, postgraduates, and financial sector professionals in Singapore and across the region.

Overall, close to 20,000 industry professionals have been trained in sustainable finance skills across IBF-accredited sustainable finance courses and MAS’ two COEs.

• SGFin Master of Science in Sustainable and Green Finance
• SGFC Sustainability & Sustainable Finance Courses

 Singapore continues to be ASEAN’s largest market for green, social, sustainability and sustainability-linked (‘GSSSL’) bonds and loans, accounting for more than half of the market. 

MAS supports global and Asian corporates in accessing sustainable financing for green and transition projects through the Sustainable Bond Grant Scheme and the Sustainable Loan Grant Scheme .

Singapore’s GSSSL bond issuance volumes remained resilient in 2025 (see Chart 1), even as global GSSSL issuance volumes saw a modest pullback.  In 2025, over S$27 billion in GSSSL loans originated in Singapore, and we welcomed Singapore’s first transition loan issuance (see Chart 2).

  Source: MAS' estimates

Chart 2: Green, Social, and Sustainability-linked Loan Issuance Volume in Singapore (2020 to 2025)

SourceMAS has been referencing Environmental Finance Database for the total volume of GSSSL loans in Singapore from 2022. The database including for loans in preceding years has been updated as information on GSSSL loans are made available. As such, there may be slight variations to previous years loan figures as shown in earlier MAS’ Sustainability Reports.:  Environmental Finance database, based on country of borrower headquarters