Guidelines on sound practices in carrying out insurance business and principles relating to risk management framework.

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

The information papers on environmental risk management for banks, insurers and asset managers provide an overview of the progress made in implementing the MAS Guidelines on Environmental Risk Management.

Guidelines to enhance fund management companies’ and real estate investment trust managers’ management of environmental risk.

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