Analysis, Regulation & Supervision

MAS launches Singapore-Asia Taxonomy to reduce greenwashing at banks

By Natasha Teja
Singapore-Asia Taxonomy
Image via Bloomberg

Banks in Singapore face more stringent regulatory guidelines on greenwashing following the release of the Singapore-Asia Taxonomy in December.

The classification system defines transition activities as those that reduce greenhouse gas emissions compared to ‘green’ activities that avoid GHG emissions altogether. The system cuts across eight key industries; significantly, it ...

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