Sustainable Finance in Singapore and ASEAN - March/April 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

• Singapore's ambition to become a green hydrogen hub
• MAS/CDP: MoU signed to promote access to quality ESG data
• A RFI for geophysical investigation issued by Singapore’s Energy Market Authority
• Sustainability roadmap for Singapore's hotel sector
• Digital and Green Economy Partnership between France and Singapore
• $550mn Green Samurai bonds issued by the Philippines
• Launch of a SDG investor map in Indonesia with the help of UNDP and Temasek

2. Financial Industry

• ASEAN exchanges move towards aligning ESG metrics
• Climate Impact X : launch of the Project Market Place on March 16th
• Sectoral workshops by SGX RegCo on climate-reporting requirements
• Collaboration between SGX and OCBC to launch a new low carbon index
• OCBC/MVGX to develop green finance using tokenized carbon credits.
• Temasek’s $120mn investment in Southeast Asian forestry fund
• Malaysia:  3-year mangrove conservation project supported by Hong Leong Bank
• A new Sustainability Hub set by Bostong Consulting Group in Singapore
• Philippines’ largest bank to sell ocean pollution bond

3. Corporates

• EDP Renewables to invest up to S$10bn by 2030 for clean energy hub in Singapore
• €430mn unsecured K-Sure facility for leading SK renewable energy firm Hanwha

4.  Miscellaneous

• Greater scrutiny and standards for Asian Green Bonds in 2022
• Natixis’ view of the implications of net neutrality pledges
• EMA Energy 2050 Report
• Asian banks 'falling short' on decarbonisation efforts