MAS Launches ESG Impact Hub to Accelerate Growth of ESG Ecosystem
(5 October 2022 - Singapore) The Monetary Authority of Singapore (MAS) has launched the ESG Impact Hub (the Hub) to spur co-location and collaboration between Environment, Social, Governance (ESG) Fintech start-ups, financial institutions and real economy stakeholders.
The Hub will also anchor industry-driven sustainability initiatives such the Point Carbon Zero Programme and KPMG's ESG Business Foundry.
At the time of launch, fifteen ESG Fintechs and organisations are already set up at the Hub. MAS will continue to engage key stakeholders in building the Hub’s onsite community, and fostering partnerships to enhance financial sector access to high quality climate and sustainability data, to support more efficient deployment of capital towards green and sustainable projects.
"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 augment MAS’ plans to launch a digital Greenprint Marketplace next year to catalyse the growth of the region’s online ESG community; and will serve as the launchpad for public-private partnerships that support Asia’s just and sustainable transition to a low carbon economy" commented MAS Chief Sustainability Officer, Dr Darian McBain.