Green Fintech
What to Expect From ESG Trends in 2024?
The year 2023 brought several challenges to the global fintech landscape, including economic uncertainties and geopolitical tensions. Nevertheless, the ESG (Environmental, Social, and Governance) fintech sector in the Asia Pacific region has emerged as a resilient outlier. Despite the prevailing
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Singapore and China to Begin e-CNY Pilot, Explore Cross-Border Payment Linkage
Singapore and China have agreed to collaborate on a pilot programme that uses the e-CNY, China’s central bank digital currency (CBDC), for cross-border transactions. This programme is designed to ease payments for travelers from both countries during their overseas visits.
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MAS Unveils Code of Conduct to Bolster Confidence in ESG Ratings and Data
The Monetary Authority of Singapore (MAS) has released its comprehensive Code of Conduct (CoC) for Environmental, Social, and Governance (ESG) rating and data product providers. This release, accompanied by a self-attestation checklist, marks the culmination of a public consultation process
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ADB, GEAPP, and MAS Aim to Mobilise US$2 Billion for Energy Transition in Asia
The Asian Development Bank (ADB), the Global Energy Alliance for People and Planet (GEAPP), and the Monetary Authority of Singapore (MAS) aim to mobilise up to US$2 billion in mixed concessional and commercial capital to accelerate the energy transition in
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NGFS: Globally Coordinated Effort Needed to Unleash Full Potential of Blended Finance
The Network for Greening the Financial System (NGFS) released a new technical document, focusing on the expansion of blended finance in Emerging Market and Developing Economies (EMDEs) for climate change mitigation and adaptation. Formed in 2017, the NGFS is a
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Global ESG Fintech Investment Expected to Exceed US$ 100 Billion This Decade
Despite high-interest rates, plunging fintech valuations, and a slowdown in external deal activity, the environmental, social and governance (ESG) fintech sector is proving resilient and continuing to thrive as evidenced by the ESG fintech investment reaching an all-time high just
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Singapore Launches US$5 Billion FAST-P Initiative for Climate Action in Asia
Singapore has introduced a financial platform, the Financing Asia’s Transition Partnership (FAST-P), with the goal to raise US$5 billion in funds for climate action in Asia. This initiative, highlighted by Ravi Menon, Managing Director of the Monetary Authority of Singapore
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ACP, IFC, MAS, and Temasek Unite for Green Investments in SE Asia
The Allied Climate Partners (ACP), International Finance Corporation (IFC), the Monetary Authority of Singapore (MAS), and Temasek have joined forces to address the climate finance gaps in Asia, particularly Southeast Asia. The region requires approximately US$1.7 trillion annually in infrastructure
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Malaysia’s KWAP Gets S$180M Green Loan from DBS for Aussie Office Refinancing
DBS Bank has provided a green loan of AUD 207 million (S$180 million) to Malaysia’s Retirement Fund (KWAP). The loan is designated for refinancing a high-grade green office building in Melbourne, Australia. The office tower, entirely owned by KWAP, is
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Mizuho Invests in Climate Impact X to Strengthen Carbon Credit Market in Asia
Japan’s Mizuho Financial Group has announced a strategic investment in Climate Impact X (CIX), a global carbon marketplace based in Singapore, in a move towards scaling the international carbon credit market in Asia. The sum was not disclosed and the
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