Singapore’s MAS Pumps $6 Billion Into Climate Transition

MAS sets aside 2% of equities portfolio for climate transition
MAS allocated funds to two climate indices, wants to scale up

Singapore’s central bank is allocating funds to two equity climate indices and intends to scale up the amount over time, it said in its sustainability report.
Photographer: Edwin Koo/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Low De Wei and Sheryl Tian Tong Lee

July 5, 2023 at 4:03 AM UTC

Updated on

July 5, 2023 at 4:49 AM UTC

This article is for subscribers only.

The Monetary Authority of Singapore has set aside about 2% of its equities portfolio or just over S$8 billion ($6 billion) to a climate transition program.

“Our approach to climate portfolio actions is to start small, learn fast, and scale up as new data provide greater clarity,” MAS Managing Director Ravi Menon said at a media briefing on Wednesday. “Bolstering the climate resilience of MAS’ investment portfolio remains a work-in-progress.”