Introduced by the Monetary Authority of Singapore (MAS) in December 2023, the SAT is the world’s first multi-sector taxonomy to feature a dedicated transition — or “amber” — category. It details thresholds and criteria for green and transition activities that contribute to climate change mitigation across eight focus sectors.
The Singapore Sustainable Finance Association (SSFA) has launched a 41-page guide for financial institutions and real economy corporates on using the Singapore-Asia Taxonomy for Sustainable Finance (SAT) when structuring green and transition financing.
Released on July 9, the handbook was first announced by Deputy Prime Minister Gan Kim Yong at the Association of Banks in Singapore (ABS) Annual Dinner on June 25.
