Finance for Net Zero Action Plan

The financial sector is critical in enabling the net zero transition. The Monetary Authority of Singapore (MAS) supports the development of a sustainable finance ecosystem, which includes financial institutions, service providers, academia and international organisations. These stakeholders will catalyse the co-creation of innovative financing solutions, raise capabilities and skills and enhance corporates’ adoption of sustainability practices.

In April 2023, MAS launched its Finance for Net Zero (FiNZ) Action Plan, which sets out MAS’ strategies to mobilise financing to catalyse the net zero transition and decarbonisation activities in Singapore and the region. There are four outcomes under FiNZ.

• Outcome 1: Strengthen data, definitions and disclosures
• Outcome 2: Forge a climate-resilient financial sector
• Outcome 3: Promote the adoption of credible transition plans
• Outcome 4: Catalyse credible green and transition solutions and markets

To enable these outcomes, MAS will continue to grow and scale green fintech solutions and develop the capabilities of the financial sector workforce.