ABS Guidelines on Responsible Financing
ABS Sustainable Private Banking and Wealth Management Guidelines (Effective from 14 October)
The Green Finance Industry Taskforce (GFIT) was convened by the Monetary Authority of Singapore (MAS) from November 2019 to April 2023 to help accelerate the development of green finance through four key initiatives:
Develop a taxonomy;
Improve disclosures;
Foster green finance solutions; and
Enhance environmental risk management practices of financial institutions.
The Taskforce comprised representatives from financial institutions, corporates, non-governmental organisations, and financial industry associations.
In January 2024, the Singapore Sustainable Finance Association was established to build on the successful work of GFIT, by fostering collaboration across the financial and real economy sectors to support the growth of Singapore as a trusted, vibrant, and inclusive sustainable finance centre.
Handbook on Implementing Environmental Risk Management (28 January 2021)
Financial Institutions Climate-related Disclosure Document (19 May 2021)
Fostering Green Finance Solutions White Paper (19 May 2021)
Green Finance Industry Taskforce Capacity Building Series (17 May 2022)
Cultivating Singapore's Sustainable Finance Ecosystem to Support Asia's Transition to Net-Zero (June 2023)
Singapore-Asia Taxonomy for Sustainable Finance (December 2023)
Please click here for the GFIT Media Release on 28 January 2021
Please click here for the GFIT Media Release on 19 May 2021
Please click here for the public consultation for the Singapore-Asia Taxonomy for Sustainable Finance
Please click here for the Media Release on the launch of the Singapore-Asia Taxonomy for Sustainable Finance on 3 December 2023
The ERQ is an industry standard template for banks to engage corporate clients on environmental risk issues, gather data points and identify opportunities to finance the transition to a low carbon economy:
ABS Environmental Risk Questionnaire (21 April 2022)
Guide to the ABS Environmental Risk Questionnaire (21 April 2022)