Asia-Pacific

LSEG Launches Sustainable Finance Innovation Unit in Singapore

The new unit is supported by MAS and will focus on creating sustainable finance capabilities across Singapore’s FinTech ecosystem.

The London Stock Exchange Group (LSEG) has launched a dedicated sustainable finance innovation unit in Singapore, supported by the Monetary Authority of Singapore (MAS).

Part of the ‘LSEG Labs‘ network, which already has a London location, the new unit will focus on creating sustainable finance capabilities to accelerate innovation and advanced technology across Singapore’s FinTech ecosystem.

The unit will provide a “strong” combination of data science, data engineering, design thinking and ESG expertise, LSEG said in a statement, adding that its multidisciplinary team would work closely with key players in Singapore and global financial institutions, corporates, universities and industry associations.

Sitting at the intersection of data, emerging technology and sustainability, the team will seek to create value by solving challenges for market participants across financial markets – such as accelerating investment into green infrastructure projects, measuring climate risks and making ESG disclosure quicker and easier, LSEG said.

“We are excited to gain the backing of MAS to support the business, finance and investor community in accelerating the transition to a net-zero, sustainable economy,” said David Harris, Global Head of Sustainable Finance, Data & Analytics at LSEG. “This is a powerful initiative given both of our positions at the heart of international capital markets and our combined focus on innovation and global collaboration in sustainable investment and finance.”

The establishment of LSEG’s sustainable finance innovation unit in Singapore can help bring together the capabilities and stakeholders needed to support sustainability and transition efforts both regionally and globally, said Kwok Quek Sin, Executive Director, Green FinTech, FinTech & Innovation Group at MAS.

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