Singapore's MAS commits $1.8bn to climate portfolio
Five asset managers get mandates from the Monetary Authority of Singapore that will see them setting up sustainability-focused operations in the city-state.
The Monetary Authority of Singapore (MAS) is allocating $1.8 billion of its Official Foreign Reserves (OFR) to five fund managers to invest into climate-related investment opportunities. .
MAS managing director Ravi Menon said the fund allocation is part of MAS's recognition of the renewed sense of urgency and commitment to the climate agenda now the US has rejoined the Paris Climate Agreement.
“The world is probably on the cusp of the greatest economic and societal transformat…
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