This “Singapore-Asia Taxonomy for Sustainable Finance | 2023 Edition” is the final version of the first Singapore Asia Taxonomy issued by GFIT, convened by MAS and with technical support and recommendations from the Climate Bonds Initiative (CBI). All relevant Singapore Government agencies, as well as the public via rounds of consultations, have provided input and feedback into the process. GFIT, MAS, CBI, and the agencies have taken a consensus-based approach to develop the Taxonomy
The Taxonomy is designed to promote the development of an environmentally sustainable economy for Singapore and ASEAN through defining science-based and robust technical screening criteria for economic activities and projects that are aligned with Singapore and the region’s overall environmental objectives. In line with the vision of Singapore’s 2030 Nationally Determined Contribution (NDC) for carbon emissions, as well as achieving the targets under the Singapore Green Plan 2030, the Taxonomy aims to define the green and transition economy and opportunities. In addition, it serves as a practical guidance for market participants such as asset owners, investment managers, financial institutions, as well as issuers, policymakers, regulators, and other stakeholders to identify and allocate capital to green and transition activities and projects.
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