Trésor-Info - Publications de la direction générale du Trésor - Sustainable-Finance

Sustainable Finance in Singapore and ASEAN - May/June2022

2022-07-04T00:00:00+02:00

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.

Summary

1. Public Policy

France-Singapore Sustainable Finance Conference
Singapore green bond framework unveiled
New consultation on taxonomy by Singapore Green Finance Industry Taskforce
Monetary Authority of Singapore use-case of AI to combat greenwashing
Singapore Land Transport Authority to speed up transition to electric vehicles
Halt of Japanese aid for coal-fired plants in Indonesia
Publication of a TFCD application guide for Malaysian financial institutions

2. Financial Industry

Carbon credits: collaboration between CIX and Puro.earth
Glasgow Financial Alliance for Net Zero regional office set up in Singapore
Vietnam: 2^nd largest regional green bond issuer in 2021

3. Corporates

Keppel Electric: first renewable power trade agreement with Electricité du Laos
Petronas: launch of a new clean energy platform for Malaysia and APAC
Singapore & Malaysian Corporates push for sustainable data centre

4. Miscellaneous

Highlights of Southeast Asia's Green Economy 2022 Report
$190bn a year needed by 2030 to meet climate goals according to the IEA
Solar panels: lifting of US sanctions on four ASEAN countries
Natixis: Greenflation, the new normal?
Fitch: Singapore’s first green sovereign bond likely to be issued in 2H2022

Sustainable Finance in Singapore and ASEAN - March/April 2022

2022-05-13T00:00:00+02:00

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.

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

Sustainable Finance in Singapore and ASEAN - January/February 2022

2022-03-02T00:00:00+01:00

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.

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, 6^th 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 2^nd 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

French authorities contribute to the renewal of the European sustainable finance strategy

2020-07-24T00:00:00+02:00

France considers that the European Union's ambition in this area must be based on quality guarantees of sustainable financial products and on the development of new instruments. To this end, the French Treasury, the Commissariat Général au Développement Durable, the Banque de France, the Prudential Supervisor and Resolution Authority (ACPR) and the Financial Markets Authority (AMF) have put forward six main proposals:

Improving the availability, reliability and comparability of environmental, social and governance (ESG) data - through the revision of the Non-Financial Reporting Directive and the creation of a single, freely accessible ESG database;
Establishing a regulatory and supervisory framework for ESG ratings;
Developing green securitization and transition bonds;
Rapidly adopting a European Green Bond Standard;
Developing minimum standards for ESG investment funds;
Improving the consideration of climate risks through the development of specific databases on climate-related financial losses and physical risks.

Carbon pricing would also provide a particularly effective economic incentive for market players to adapt their behavior in order to achieve carbon neutrality by 2050.

The European Union has taken the initiative to move towards a more sustainable economic system, and must ensure that a regulatory framework is in place that is sufficiently flexible and adaptable to consolidate this position and to become an international benchmark. The French authorities will continue to contribute their expertise to achieve these objectives.

Trésor-Info - Publications de la direction générale du Trésor - Sustainable-Finance

Sustainable Finance in Singapore and ASEAN - May/June2022

Download the full newsletter

Summary

1. Public Policy

2. Financial Industry

3. Corporates

4. Miscellaneous

Sustainable Finance in Singapore and ASEAN - March/April 2022

Download the full newsletter

Summary

1. Public Policy

2. Financial Industry

3. Corporates

4. Miscellaneous

Sustainable Finance in Singapore and ASEAN - January/February 2022

Download the full newsletter

Summary

1. Public Policy

2. Financial Industry

3. Corporates

4. Miscellaneous

French authorities contribute to the renewal of the European sustainable finance strategy

>> The French authorities’ response to the consultation on the European Union’s renewed sustainable finance strategy

>> French version