On 25 June 2020, the Monetary Authority of Singapore (MAS) issued a set of three consultation papers on its proposed Guidelines on Environmental Risk Management (Guidelines) for banks, insurers and asset managers (collectively referred to as Financial Institutions or FIs) respectively. The consultation closes on 7 August 2020.
We have prepared an article with Regulation Asia to capture some of the key points from the latest Guidelines, including their scope, practical steps and implementation. Further, this article will consider how these Guidelines can be viewed in the context of current environment-related initiatives, and key points for FIs to note in preparing for implementation of the Guidelines. Read the full article here.
We have been assisting several banks and asset managers globally in preparing their ESG response plans, and understand that different organisations may be at different stages of preparation and implementation.
Please feel free to reach out to us if you would like us to discuss on this development, as we can share insights on how you can start reviewing and benchmarking your policies and practices so as to effectively mitigate ESG risk and capitalise on ESG opportunities.
