News analysis

Singapore banks well placed to realise MAS' green finance goals

The MAS-appointed Green Finance Industry Taskforce issued a proposed taxonomy for Singapore-based financial institutions.PHOTO: ST FILE

SINGAPORE - Singapore financial institutions have established good ESG (environment, social and governance) oversight and should have no problem adhering to official rules on identification and classification of green activities.

That seems to be the general view of market insiders in the wake of the Monetary Authority of Singapore's (MAS) guidance on environmental risk management late last week.

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