17 Jul SIIA Briefing Session: Powering Singapore’s Green Economy through Green Finance
As a leading financial hub, Singapore is witnessing a growing interest in Green Finance amid a broader transition towards a sustainable, green economy. The Singapore Government has signalled the intention to shift national attitudes and business behaviour towards combating climate change and sustainable development while encouraging the flow of capital towards activities and projects that are more sustainable and responsive to climate concerns. However, only a small number of Singapore-based financial institutions have more advanced practices and might be considered to be at the leading edge of change towards sustainability, a key finding from the 2017 Singapore Institute of International Affairs (SIIA)-UN Environment Inquiry report “Singapore as a Green Finance Hub for ASEAN and Asia”.
The Collaborative Initiative for Green Finance in Singapore – which culminated in the release of the 2017 report – has now progressed to Phase 2 to raise awareness and increase understanding of the importance and knowledge of Green Finance in Singapore and the region. In this respect, the SIIA is organising a Briefing Session to (1) present highlights of the report, (2) analyse recent developments on Green Finance in Singapore and (3) gather feedback from leading international players to move the agenda forward.
Objectives of the Briefing Session:
1. To socialise key findings from the SIIA-UNEP report to a broader set of stakeholders, especially international financial players
2. To analyse recent developments on Green Finance in Singapore following the release of the report;
3. To gather feedback from leading international players to move the agenda forward.
Topic: Powering Singapore’s Green Economy through Green Finance
1. Based on the findings of the Green Finance report, what are the key developments in Green Finance and their contributions to Singapore’s green economy?
2. Where does Singapore stand in relation to global developments on Green Finance such as the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)?
3. How can Singapore further develop its expertise to serve the financing needs in ASEAN and Asia?
Ms. Yeo Lian Sim, Special Adviser Diversity, Singapore Exchange (SGX), Vice-Chair, Task Force on Climate-related Financial Disclosures (TCFD);
Associate Professor Simon Tay, Chairman, Singapore Institute of International Affairs.
Both speakers are Co-Chairs of the Collaborative Initiative for Green Finance in Singapore.
Date: 17 July 2018, Tuesday
Time: 8.30am – 9.45am (Registration starts at 8.30am, Briefing begins sharply at 8.45am)
Singapore Institute of International Affairs
60A Orchard Road (Level 4M) Tower 1,
The Atrium @Orchard, International Involvement Hub,
This event is by invitation only. If you wish to express interest in joining the talk, please kindly email us at firstname.lastname@example.org.
About the Collaborative Initiative for Green Finance in Singapore (Phase 2)
In 2017, the SIIA led the Collaborative Initiative for Green Finance in Singapore in partnership with the UN Environment Inquiry, with the support of the Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS). It aims to establish the baseline for the current level of understanding of Green Finance in Singapore, outlining the possibilities and opportunities and consolidating recommendations to develop a shared vision on how to move Green Finance forward. The full report is available here: http://www.siiaonline.org/wp-content/uploads/2017/11/Collaborative-Initiative-for-Green-Finance-in-Singapore.pdf