The Monetary Authority of Singapore has unveiled an ESG Hub aimed at fostering collaboration among fintech startups, financial institutions, and various stakeholders.
The hub is designed to enhance Singapore’s ESG ecosystem by supporting fintechs in the area, connecting "enablers" such as investors, knowledge partners, and financial institutions, and empowering stakeholders to achieve "material, quantifiable impacts."
The MAS reports that there are already 15 ESG fintechs and organizations established at the hub, facilitating the development of an onsite community that will improve access to high-quality climate and sustainability data in the financial sector.
Additionally, the hub will serve as a cornerstone for sustainability initiatives, including the Point Carbon Zero Programme, which is a collaboration between MAS and Google Cloud, along with KPMG’s ESG Business Foundry.
Darian McBain, Chief Sustainability Officer at MAS, stated, "The establishment of the ESG Impact Hub is a critical milestone in Project Greenprint’s journey to build a vibrant and robust ESG ecosystem in Singapore, underpinned by technology and data. This physical Hub will complement MAS’ plans to launch a digital Greenprint Marketplace next year, facilitating the growth of the region’s online ESG community and serving as a foundation for public-private partnerships that support Asia’s transition to a low-carbon economy."
Finextra has also announced its fifth Sustainable Finance Live conference and hackathon, scheduled for 29 November. For more information and to register for this event, please visit the event page here.