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Asia-Pacific

Singapore Taskforce Proposes Taxonomy for Identifying Green Activities

Green Finance Industry Taskforce taxonomy draws on EU approach, proposes traffic-light system for classification of activities.

Singapore’s GFIT (Green Finance Industry Taskforce) has issued a proposed taxonomy for Singapore-based FIs to identify activities that can be considered green or transitioning towards green. GFIT, convened by the MAS (Monetary Authority of Singapore) and chaired by HSBC Singapore CEO Tony Cripps, is tasked with helping accelerate the development…

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