Innovation

London Stock Exchange Sets up Sustainability-Focused Finance Unit in Singapore

London Stock Exchange Group (LSEG) has launched a dedicated sustainable finance innovation unit in Singapore as a part of its new LSEG Labs network.

According to LSEG, the unit will be focused on creating sustainable finance capabilities to accelerate innovation and advanced technology across the country’s fintech ecosystem, supported by the Monetary Authority of Singapore (MAS).

With locations in London and Singapore, LSEG Labs aims to collaborate with its customers and partners around the world to apply strategic analysis, emerging technology, data science and design thinking to solve pressing problems faced by the financial industry.

The Singapore-based sustainable finance unit looks to provide a strong combination of data science, data engineering, design thinking and Environmental, Social and Governance (ESG) expertise.

The multidisciplinary team will work closely with key players in Singapore and global financial institutions, corporates, universities and industry associations.

The team will create value by solving challenges for market participants across financial markets, such as accelerating investment into green infrastructure projects, measuring climate risks and making ESG disclosure quicker and easier.

Kwok Quek Sin

“Technology will play an increasingly vital role in driving the global sustainability agenda. Greater collaboration will be key for the financial sector to explore innovative solutions that can address climate-related risks and mobilise capital towards greener and more sustainable activities.

To this end, the setup of LSEG’s sustainable finance innovation unit in Singapore can help bring together the capabilities and stakeholders needed to support sustainability and transition efforts both regionally and globally,”

said Kwok Quek Sin, Executive Director, Green FinTech, FinTech & Innovation Group at MAS.

Geoff Horrell

“LSEG Labs combine our multi-disciplinary innovation process with an open approach to partnership.

By focusing on opportunities like sustainable finance that span LSEG’s three business divisions – Data & Analytics, Capital Markets and Post-Trade – we will be able to deliver transformational customer experiences,”

said Geoff Horrell, Group Head of Innovation at LSEG.

Featured image: Edited from Unsplash