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Sustainable Finance in Singapore and ASEAN - January/February 2022
Co-edited by the French Embassy in Singapore and CCE (Conseillers du Commerce Extérieur), this bi-monthly newsletter is focused on Sustainable Finance in Singapore and ASEAN.
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Summary
1. Public Policy
- MAS Managing Director Menon appointed Chair of the NGFS
- Asian Green Bond Fund launched by the Bank for International Settlements
- SGX: Enhanced Disclosures on Climate-Related Information from 2023
- Singapore’s FY2022 budget: several measures to foster the green transition
- 12 Core Skills in Sustainable Finance set up by IBF/MAS
- WMI to train 1,000 professionals in sustainable finance/ESG over the next 3 years
- First tender round for green electricity imports in Singapore
- Solar panels progressively installed on HDB roofs, 6th tender launched last year
- Moratorium on new Data Centre capacity through an allocated quota system
- Philippines to issue a first green bond
2. Financial Industry
- UOB: Sustainable finance target for 2025 raised to USD 30bn
- DBS: SGD 100 Million funding to Social Enterprises through its Foundation
- New Sustainability Officer named by DBS
- Eurazeo completes 2nd closing of Smart City II with new partners in ASEAN
- FinTech STACS Partnering with CSOP AM as Blockchain Platform Provider
3. Corporates
- Airbus, CAG and CAAS to study potential for hydrogen hub in Singapore
- Singapore Airlines to buy renewable fuels from Exxon Mobil
- Asia's decarbonization push expected by Schneider Electric
- BNP Paribas’ support in Vingroup’s first international green syndicated loan
4. Miscellaneous
- Green Bond sales to surge in Asia-Pacific as region embraces decarbonization
- ADB calling for more financing into ocean health improvement
- G20: Sustainable finance among six priorities set by Indonesia in 2022