Inform insurers of the publication of an addendum on transition planning to the Guidelines on Environmental Risk Management, which sets out more detailed supervisory expectations for insurers to manage the transition and physical risks they face from climate change as part of a sound transition planning process.

Guidelines to enhance banks’ resilience to and management of environmental risk.

These guidelines set out MAS' expectations on environmental risk management for all insurers.

This consultation sets out MAS’ proposed Guidelines on Transition Planning for all insurers. The Guidelines set out the expectation for these financial institutions to have a sound transition planning process to enable effective climate change mitigation and adaptation measures by their customers, asset managers and investees in the global transition to a net zero economy and the expected physical effects of climate change.

Consultation number:

P013-2023

Start date:

18 October 2023

Closing date:

18 December 2023

MAS response date:

05 March 2026

This consultation sets out MAS’ proposed Guidelines on Transition Planning for all fund management companies and real estate investment trust managers. The Guidelines set out the expectation for these financial institutions to have a sound transition planning process to enable effective climate change mitigation and adaptation measures by their investee companies in the global transition to a net zero economy and the expected physical effects of climate change.

Consultation number:

P014-2023

Start date:

18 October 2023

Closing date:

18 December 2023

MAS response date:

05 March 2026