The first area is to develop better definitions and outcome measures of sustainable finance. This reduces the risks of greenwashing, and helps guide companies and investors in decision-making, says Heng at the Singapore Management University (SMU).
Singapore’s academics and industry should work with the government to improve regulation and skills around sustainable finance, says Deputy Prime Minister Heng Swee Keat.
Speaking at the seventh annual Global Research Alliance for Sustainable Finance and Investment (GRASFI) conference on Sept 2, Heng lists three areas that these parties can work together to advance sustainable finance.
