According to SGX, half the amount will go towards new environmental, social and governance (ESG)-focused products, services and platforms, while the other half will be channelled into capacity building for the financial ecosystem, strengthening internal capabilities and increasing corporate social responsibility (CSR) commitments.
The Singapore Exchange is investing $20 million into expanding its sustainability initiatives, housed under a new platform.
SGX FIRST, which stands for Future in Reshaping Sustainability Together, is Asia’s only multi-partner, multi-asset exchange-led sustainability platform, says the bourse in a news release on Dec 15.
