Senior Minister Tharman Shanmugaratnam spoke briefly about the SSFA in his keynote address at the inaugural Financing Asia’s Transition (FAST) Conference earlier that morning.
The Monetary Authority of Singapore (MAS), together with the financial industry, will establish the Singapore Sustainable Finance Association (SSFA), announced the central bank and regulator on June 8. For a start, the SSFA will focus on initiatives to scale voluntary carbon markets, transition finance and blended finance.
The Association of Banks in Singapore (ABS) is leading the coordination and set-up of the SSFA. According to MAS, the SSFA will include representatives from financial institutions, financial industry associations, relevant corporates and service providers, such as environmental, social and governance (ESG) rating agencies.
