The Singapore-Asia Taxonomy sets out detailed thresholds and criteria for defining green and transition activities that contribute to climate change mitigation across eight focus sectors.
Resources
About the Green Finance Industry Taskforce (GFIT)
The Green Finance Industry Taskforce (GFIT) is an industry-led initiative convened by the Monetary Authority of Singapore (MAS) from November 2019 to April 2023 consisting of representatives from financial institutions, corporates, non-governmental organisations, and financial industry associations.
Key Objectives:
- Establish Singapore as the premier financial hub for green and sustainable finance in Asia;
- Leverage green and sustainable finance as one of the key approaches to achieving Singapore’s green agenda; and
- Identify best practices, as well as key measures and resources needed to develop the green and sustainable finance ecosystem in Singapore.
The GFIT advanced the three objectives through the following four key initiatives:
- Develop a taxonomy
- Improve disclosures
- Foster green finance solutions
- Enhance environmental risk management practices of financial institutions
GFIT Resources
2023-12-23
MAS Launches World’s First Multi-Sector Transition Taxonomy
2023-06-01
About GFIT’s Initiatives
GFIT Publication - Cultivating Singapore’s Sustainable Finance Ecosystem to Support Asia’s Transition to Net-Zero
2021-01-01
Industry Initiative to Accelerate Green Finance
GFIT Infographic
Additional GFIT Resources
- ISCA Green & Sustainable Finance: Guide for SMEs
- ISCA Climate Disclosure Guide Volume 2 - First steps in conducting climate-related scenario analysis
- ISCA Climate Disclosure Guide - Taking First Steps Towards Climate-related Disclosures
- GFIT Financial Institutions Climate-related Disclosure Document (FCDD)
