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New MAS document outlines adoption of Singapore-Asia Taxonomy among banks and corporates, hopes to encourage wider use

Jovi Ho
Jovi Ho • 7 min read
New MAS document outlines adoption of Singapore-Asia Taxonomy among banks and corporates, hopes to encourage wider use
The 20-page document outlines how various firms have referenced the Singapore-Asia Taxonomy since it was launched in December 2023. Minister in the Prime Minister’s Office Indranee Rajah says it has “gained good traction” since. Photo: Bloomberg
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The Monetary Authority of Singapore (MAS) has published an information note on the application of the Singapore-Asia Taxonomy for Sustainable Finance (SAT) by financial institutions, corporates and the public sector.

The 20-page document outlines how banks in Singapore have referenced the SAT since it was launched in December 2023. It also highlights opportunities for the professional services community to adopt the SAT.

“We hope this encourages more users to consider referencing the SAT as a complementary tool to achieve their green and transition financing objectives,” reads the executive summary.

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