On December 8, 2020, the Monetary Authority of Singapore issued Guidelines on Environmental Risk Management tailored to financial institutions in three sectors: asset management, banking and insurance. The Guidelines are intended to drive the transition to an environmentally sustainable economy by enhancing the integration of environmental risk considerations in financing and investment decisions and promoting new opportunities for green financing.
Continue reading on MayerBrown.com for summary and analysis of the final Guidelines as they relate to asset managers, and highlights key updates to the initial proposals.