Sustainable bond issuers can tap this grant to cover the initial cost of obtaining an external review. The grant offsets up to S$100,000 for eligible green, social, sustainability and sustainability-linked bonds. The grant is valid till 31 May 2023.
3.ABS Guidelines on Responsible Financing Guidelines developed by the ABS which defines the minimum standards on responsible financing practices to be integrated into member banks’ and financial institution’s business models.
MAS participates in the SIF which is a network of leading insurance supervisors and regulators seeking to strengthen their understanding of and responses to sustainability issues for the business of insurance.
Based in Singapore, the ASFI is a multi-stakeholder platform bringing together industry academic, and science-based knowledge partners to support financial institutions in implementing ESG best practices.
7.Network of Central Banks and Supervisors for Greening the Financial System (NGFS)
MAS is a founding member of the NGFS along with other international partners. The NGFS aims to enhance the role of the financial system to manage risks, and to mobilise capital for green and low-carbon investments in the broader context of environmentally sustainable development.