“Singapore’s financial and fintech sectors can play a pivotal role in the effective channeling of personal capital toward lasting projects and companies focusing on their long lasting sustainability impact, inch said Dr Darian McBain, MAS’ chief sustainability officer.
She was designated in September this past year since head of a new sustainability group in the regulator, which has explained green finance and climate resilience because growing areas of concern and invested more than S$2 billion in related purchase opportunities.
Dr McBain said upon Tuesday that efficiently employing technology may enhance the quality of environmental, social and governance (ESG) information needed for financial flows, in turn speeding up Singapore’s transition to a low-carbon economy.
“We view the Point Carbon Zero Programme as a key enabler for linking ESG fintechs, financial and real economy businesses through a distributed data and creativity platform, ” the girl added.
“AN INTERNATIONAL MOVEMENT”
Point Carbon Zero Programme is a cooperation under MAS’ Task Greenprint initiative, which was launched in December 2020 to promote a green finance ecosystem simply by harnessing innovation and technology.
Below Point Carbon Absolutely no, Google Cloud’s dedicated platform will work out of Singapore and enable fintechs to work with financial institutions to build, host, and scale their climate options.
Shortlisted participants will also be mentored by Google Impair and receive funding to further develop their particular solutions.
They can tap upon climate disclosure, environment and public resources data collected below Project Greenprint plus over 200 datasets hosted by Search engines Cloud. These include census and weather information.
Google Cloud’s Singapore and Malaysia country director Sherie Ng said the collaboration with PORÉM aims to ” combine the collective powers from the industry with Search engines Cloud’s capabilities plus innovation ecosystem to orchestrate impactful environment action”.
“Our goal is to fuel a global movement – along with data enabling and informing green financial flows, to help nations and companies make quantifiable and significant progress, and accelerate their transition in to a carbon-free future, inch she said.