Singapore, China Unveil Green Finance Taskforce

The Monetary Authority of Singapore (MAS) and the People’s Bank of China (PBOC) have established the China-Singapore Green Finance Taskforce (GFTF) to deepen bilateral cooperation in green and transition finance. It will also facilitate greater public-private sector collaboration as Asia transitions to a low-carbon future, the two authorities said in a statement. The GFTF will establish three initial workstreams to focus on taxonomies and definitions; products and Instruments; and technology. It will be co-chaired by Gillian Tan, Chief Sustainability Officer at MAS, and Dr Ma Jun, Chair of the China Green Finance Committee. Last week, MAS launched a new ‘Finance for Net Zero Action Plan’, which includes a code of conduct for ESG ratings and data providers, grant schemes for transition bonds and loans, and ISSB-aligned disclosures, among other initiatives. GFTF members comprise senior representatives and sustainable finance experts from financial institutions and green FinTech companies from Singapore and China – including DBS, OCBC, UOB, SGX, Temasek, Ant Group, Bank of China, Bank of Chongqing and CICC, among others.

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2023 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top