Credible Transition Plans

Credible transition plans by financial institutions (FIs) are key to strengthening the resilience of the financial system, and to achieving an orderly net zero transition for the financial sector.

To support FIs’ adoption of science-based transition plans, the Monetary Authority of Singapore (MAS) is engaging international partners to support the development of credible regional sectoral decarbonisation pathways. FIs can reference these pathways when they set emissions reduction targets and when they engage with their clients on initiatives to decarbonise their businesses.

MAS will also continue to work with international industry alliances, such as the Glasgow Financial Alliance for Net Zero (GFANZ) and the Singapore Sustainable Finance Association, to support FIs in their transition planning and learn from early-adopter FIs that have started on their transition planning journeys.