The recent announcement by the Monetary Authority of Singapore (MAS) on the new grant scheme for green and sustainability-linked loans has presented significant opportunities for organisations to transition to more sustainable practices, in addition to furthering promoting the development of the country as the leading centre for green finance in Asia and globally.
In our quick read, we provide an overview on what the MAS grant schemes mean for your business and how we can help you leverage this opportunity in financing and realising your transformation to a sustainable future.
The Green and Sustainability-Linked Loan Grant Scheme (GSLS) is the first of its kind in the world, and seeks to support corporates of various sizes and sectors to access green financing and adopt sustainable business practices
Effective from 1 January 2021, the GSLS comprises two tracks - Track A is specifically aimed at corporates in facilitating access to green and sustainability-linked loans, Track B will look at encouraging the development of green and sustainability-linked loan frameworks for financial institutions
With immediate effect, the scope of the existing Sustainable Bond Grant Scheme (SBGS) has been expanded to include sustainability-linked bonds
The enhanced SBGS will cover pre-issuance and post-issuance costs of engaging independent sustainability assessment and advisory service providers to obtain external analysis or report for bonds under the scheme
As sustainability continues to be an integral part of the entire business model, the ability to create value will depend on integrating ESG in corporate strategy, making informed strategic decisions and taking advantage of emerging opportunities.
Our sustainability and climate change professionals can help you to:
Develop and deliver your green and sustainable financing framework, ensuring that it aligns with your overall sustainability strategy, from defining objectives to ensuring expectations of key stakeholders are met.
Establish that underlying projects meet green and sustainable financing standards, and develop an appropriate framework to assess and report the impacts of your green and sustainability-related projects post-investment.
Embark on your green and sustainable finance programme with confidence, making informed decisions from the allocation of proceeds to key performance indicators in line with the post-issuance expectations.
Asia Pacific CEOs are showing increased confidence in economic prospects and their business viability. While there has been notable progress in business transformation, many leaders remain hesitant to take bold actions.
This report summarises discussion points from the JFF 2024 roundtable along with five key actions for financial institutions’ consideration.
PwC Singapore's annual sustainability report presents the key aspects of our Environmental, Social and Governance (ESG) strategies and policies. This report covers our performance for the financial year ended 30 June 2023 and is in accordance with the GRI Standards.
Amid growing headwinds, doing deals in Asia Pacific has become more complex. Our latest report reveals that dealmakers are under more pressure than ever before to deliver value in disruption but plenty of opportunities exist to generate premiums. It is clear that a new approach is needed - a comprehensive and disciplined value-creation lens that is embedded across the entire corporate lifecycle and linked to strategy.
Sustainability and Climate Change Practice Leader, PwC Singapore
Tel: +65 9817 8213
