Asia Sustainable Finance Initiative (ASFI)

The Asia Sustainable Finance Initiative (ASFI) is a multi-stakeholder forum that aims to harness and amplify the power of the finance sector to create low-carbon and climate resilient economies that deliver on the Sustainable Development Goals (SDGs) and the Paris Agreement. Based in Singapore, ASFI brings together global industry, academic, and science-based resources to support financial institutions in the region in implementing ESG best practices.

SGX is a founding member of the Advisory Group that collectively provides guidance on industry priorities and development. This ensures that ASFI meets the needs of financial institutions to better understand and incorporate ESG risks and opportunities into their core businesses.

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GRI

GRI is the independent, international organisation that provides businesses and organisations with the world's most widely used standards for sustainability reporting - the GRI Standards. SGX supported GRI in its establishment of its Southeast Asian presence. We work closely with GRI in encouraging issuers to embrace international reporting frameworks.

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OMFIF

OMFIF - the Official Monetary and Financial Institutions Forum - is an independent think tank for central banking, economic policy and public investment. A neutral platform for best practice in worldwide public-private sector exchanges.

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Principles for Responsible Investment Asia Sustainable Finance Initiative

The Principles for Responsible Investment (PRI) is the world’s leading proponent of responsible investment. Supported by the United Nations, it works to understand the investment implications of ESG factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions.

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Sustainable Stock Exchanges

The SSE initiative is a UN Partnership Programme organised by UNCTAD, the UN Global Compact, UNEP FI and the PRI. Its mission is to provide a global platform for exploring how exchanges, in collaboration with investors, companies (issuers), regulators, policymakers and relevant international organisations, can enhance performance on ESG issues and encourage sustainable investment., including the financing of the UN Sustainable Development Goals.

SGX is a supporter of the SSE's programmes to strengthen a sustainable market. We participate and contribute to the SSE's initiatives including its Advisory Group on Climate Disclosure.

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Signatory of the United Nations Global Compact

Launched in 2000, the mandate of the UN Global Compact is to guide and support the global business community in advancing UN goals and values through responsible corporate practices. With more than 10,000 companies and 3,000 non-business signatories based in over 160 countries, and more than 60 Local Networks, it is the largest corporate sustainability initiative in the world.

As a signatory to the UN Global Compact, SGX is committed to upholding the Sustainable Development Goals (SDGs) and working with both UN Global Compact and its local chapter - Global Compact Network Singapore - to make the SDGs more widely adopted among our issuers.

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World Federation of Exchanges

Established in 1961, the WFE is the global industry association for exchanges and clearing houses. Headquartered in London, it represents over 250 market infrastructure providers, including standalone CCPs that are not part of exchange groups.

SGX is a keen supporter of and participant in WFE's sustainability-related initiatives. Our CEO Loh Boon Chye serves on the WFE Board which sets the strategic direction for the industry globally on sustainability and many other issues. SGX is also a member of the WFE's Sustainability Working Group. The group gathers technical experts on ESG at market infrastructures around the world. It advances the ESG agenda, creates industry best practice, builds capacity and works with policymakers and lawmakers on ESG issues.

SGX also works closely with WFE in raising the standards of sustainability reporting among our issuers.

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Task Force on Climate-Related Financial Disclosures (TCFD)

The Financial Stability Board created the Task Force on Climate-related Financial Disclosures (TCFD) to improve and increase reporting of climate-related financial information.

SGX was represented among the experts that contributed to the drafting of the TCFD recommendations for more effective climate-related disclosures. The recommendations encourage lenders, insurers and investors to be more apprised of their impact on the environment, social and governance areas. SGX was also one of the first supporters of the TCFD recommendations when they were first launched.

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World Wide Fund for Nature

World Wide Fund for Nature (WWF) is one of the world’s largest and most experienced independent conservation organisations.

Established on 29 April 1961, it was the product of a deep concern held by a few eminent gentlemen who were worried by what they saw happening in our world at that time. Since then, WWF has grown up to be one of the largest environmental organisations in the world.

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FTSE Russell China Bond Research Report August 2020

Chinese financial markets have developed rapidly in recent years, both relative to the size of the domestic economy and the global economy. The Chinese government bond market has a market capitalisation that now exceeds that of UK gilts and German Bunds. Reforms in Chinese financial markets, and inclusion of Chinese equities and bonds in major global indexes, have improved access to, and increased foreign participation in Chinese markets. In this paper, FTSE Russell reviews the transformation of this rising financial asset.

Published by FTSE Russell (September 2020)

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WFE Annual Sustainability Survey 2020

The Sustainability Survey 2020 is the sixth survey by the World Federation of Exchanges (WFE) that captures the nature and extent of WFE member engagement with ESG issues. The survey covers both stock and derivatives exchanges. 

Published by WFE (July 2020)

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Task Force on Climate-related Financial Disclosures Overview

This is a high level overview of the final recommendations of the Task Force on Climate-related Financial Disclosures which provides the context, background and the general framework for climate-related financial disclosures and is intended for broad audiences.

Published by TFCD (March 2020)

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Sustainable Finance in Asia Pacific: Regulatory State of Play

This paper is intended to positively support progress towards shared sustainability objectives. It provides an overview of developments to date in major Asia Pacific jurisdictions, as well as the broader evolving international policy environment, examining practical implications for industry participants and policymakers, and calling for greater coordination at this critical early stage of defining international policy settings in relation to sustainability.

Published by ASIFMA (March 2020)

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Governance, the G in ESG, is critical to businesses seeking capital to survive coronavirus crisis and US-China conflict

“In such an environment, stakeholder engagement is clearly very important,” said Loh Boon Chye, CEO of Singapore Exchange, during a webinar organised by the South China Morning Post and independent think tank, the California-based Milken Institute.

03 September 2020

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Eco Money: How will COVID-19 change sustainability reporting for listed companies in Singapore?

COVID-19 has forced many businesses to reevaluate business models and strategies. This in turn, has required a need for listed companies to communicate to investors on material changes as and when developments arise. Money FM 89.3 spoke to Michael Tang, Head of Listing Policy and Product Admission, SGX RegCo.

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Understanding the characteristics of ESG ratings data

What explains a company’s ESG performance? As investors become increasingly convinced of the financial materiality of environmental, social and governance factors, they are integrating ESG scores and ratings into investment processes and stock selection.

Published by FTSE Russell (October 2020)

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Supporting the Transition to a Low Carbon Economy and Protecting Multifactor Indices against Transition Risks

While ethical and socially responsible investors should be expected to orientate their investments, engagement and outreach policies to contribute to the fight against climate change, all investors need to consider the possible financial impacts of climate change on their portfolios.

Published by Scientific Beta (September 2020)

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Closing the SDG Financing Gap in ASEAN: A Sustainable Finance Guide for Corporates

This report is a guide for ASEAN corporates who want their company to get started with sustainable finance or bring their sustainable finance journey to the next level. Learn more about the regional business case for sustainable finance and how it supports the triple-bottom line of people, planet and profit. Gain insights on local market players' perspectives on the role businesses can play to close the SDG financing gap in ASEAN.

Published by Ms Marika Stocker, GCNS and Mr Russell Marsh, EY (2020)

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TCFD Knowledge Hub

Find the resources you need to understand and implement the TCFD recommendations.

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