MAS to invest $2.72b to boost green finance initiatives

It will firstly invest $136.17m in BIS’ Green Bond Investment Pool.

The Monetary Authority of Singapore has rolled out a $2.72b (US$2b) green investments programme (GIP) to support public market investment strategies that have a strong green focus, an announcement revealed.

The first move under the said programme will be a $136.17m (US$100m) placement in the Bank for International Settlements (BIS)’ Green Bond Investment Pool (GBIP). MAS will place funds with asset managers who are committed to contribute to MAS’ other green finance initiatives, including developing green markets and managing environmental risks.

They also mentioned that they are looking for managers who can demonstrate their capabilities in incorporating environmental considerations into their investment process and actively directing capital towards investments that have a better green profile. 

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