MAS Monetary Authority of Singapore : Accelerating Green Finance
05/19/2021 | 12:20am EDT
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Guide for climate-related disclosures and framework for green trade finance Singapore, 19 May 2021… A financial industry taskforce convened by the Monetary Authority of Singapore (MAS) launched today several initiatives to accelerate green finance in Singapore through improving disclosures and fostering green solutions. 2. The Green Finance Industry Taskforce (GFIT) issued a detailed implementation guide for climate-related disclosures by financial institutions; a framework to help banks assess eligible green trade finance transactions; and a whitepaper on scaling green finance in the real estate, infrastructure, fund management and transition sectors. GFIT will also launch for financial institutions (FIs) and corporates a series of workshops to build capacity in green finance, with support from its industry association partnersThe Association o
The Straits Times
S’pore’s private sector heeds call for green finance growth
Singapore envisions becoming a regional green finance hub within a decade. And the local finance sector is fast seizing the initiative
With the growth of green finance in S’pore, ESG investing offers long-term growth opportunities while supporting sustainable outcomes.GRAPHICS: PRADIP KUMAR SIKDAR
PublishedMay 9, 2021, 4:00 am SGT
https://str.sg/Jtuq
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The Green Finance Industry Taskforce, convened by the Monetary Authority of Singapore (MAS), has released a consultation paper on proposed taxonomy for financial institutions to identify activities that can be considered environmentally friendly, in the push to turn the city state into Asia’s leading green finance hub.
The taskforce has also launched a handbook to guide asset managers, banks and insurers on implementing environmental risk management.
“Compared to other taxonomies, a key feature of the proposed taxonomy is that it encompasses transition activities that allow for a progressive shift towards greater sustainability while taking into account starting positions and supporting inclusive economic and social development,” the MAS says in a statement on January 28.
The Straits Times
Singapore moves to guide companies through green transition
The Green Finance Industry Taskforce said that it would work with industry associations to conduct workshops for financial institutions.ST PHOTO: JOEL CHAN
Yong Hui Ting
https://str.sg/JKXH
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