160-17 Singapore-Asia Taxonomy for Sustainable Finance 2023 Edition

Summary

Unveiled in December 2023, Singapore's multi-sector "Taxonomy" defines green and transition activities across eight key industries (energy, transport, etc.). Aimed at reducing "greenwashing," it guides financiers and policymakers towards sustainable investments aligned with Asia's needs. Its detailed technical criteria offer clarity on qualifying activities, enabling responsible financing and accelerating the region's transition to a low-carbon future.

Issuer

Singapore

Year

2023

Region

Asia

Issuer (type)

Monetary Authority of Singapore (Central Bank)

Policy Type

Disclosure

Geographical scope

National

Mandatory or voluntary

Voluntary

Global Reporting Initiative (GRI)

Voluntary Use

Main industries targeted

Manufacturing
Transportation & Warehousing
Agriculture, Forestry, Fishing & Hunting
Mining, Quarrying, Oil & Gas Extraction

Restrictiveness

Low

Sustainable Development Goals (SDGs)

SDG 2: Zero Hunger
SDG 3: Good Health and Well-being
SDG 6: Clean Water and Sanitation
SDG 7: Affordable and Clean Energy
SDG 9: Industry, Innovation, and Infrastructure
SDG 11: Sustainable Cities and Communities
SDG 12: Responsible Consumption and Production
SDG 13: Climate Action
SDG 14: Life Below Water
SDG 15: Life on Land
SDG 17: Partnerships for the Goals