Things were calmer this time around. On the last day of Ecosperity Week 2023, the Monetary Authority of Singapore (MAS) and the financial industry announced they would establish the Singapore Sustainable Finance Association (SSFA). The SSFA will initially focus on initiatives to scale voluntary carbon markets, transition finance and blended finance.
At last year’s Ecosperity Week conference, Minister in the Prime Minister’s Office Indranee Rajah announced the Singapore Green Bond Framework, while Senior Minister Teo Chee Hean warned that companies might be “written off” if they refuse to keep up with sustainability demands.
There was also an opening address, albeit pre-recorded, by BlackRock CEO Larry Fink and the launch of GenZero, Temasek’s wholly-owned subsidiary.
