The Singapore-Asia Taxonomy is the world’s first taxonomy to pioneer the concept of a “transition” category, as MAS cites a need to properly contextualise “transition” for the Asian region.
The Monetary Authority of Singapore (MAS) has launched the Singapore-Asia Taxonomy for Sustainable Finance (Singapore-Asia Taxonomy), which sets out detailed thresholds and criteria for defining green and transition activities that contribute to climate change mitigation across eight focus sectors.
Formerly referred to as the Singapore Taxonomy, the guidelines had been expected to be published in June. Instead, MAS decided to seek feedback on additional criteria, such as the phase-out of coal-fired power plants (CFPPs).
