Singapore’s MAS Plans For ESG Rules, Pushes Transition Finance
MAS is also working with the International Energy Agency to develop decarbonization pathways for emissions-heavy sectors in the region.
Photographer: Edwin Koo/BloombergSingapore’s central bank proposed a slate of ESG regulations for financial institutions and listed companies on Thursday, demonstrating both the goal to align with emerging international standards and to accommodate Asian countries’ persistent need for financing in heavy-emitting and fossil fuel industries.
The Monetary Authority of Singapore and the stock exchange plan to require key financial institutions and listed companies to make ESG disclosures in line with rules being developed by the International Sustainability Standards Board, deputy prime minister Lawrence Wong said at an event in Singapore Thursday.