Under the program, the Monetary Authority of Singapore (MAS) will introduce a series of initiatives to turn Singapore into a leading center of green finance in Asia and globally.

Photo: kinhtemoitruong.vn

Green finance involves making sure financial services such as borrowing and lending, as well as investing, deliver both returns and environmentally positive outcomes, including dealing with climate change.

The green investment program will invest in funds that have a strong green focus in their investment strategies and with asset managers who are committed to deepening finance activities and capabilities in Singapore.

This program also supports the MAS' efforts to generate sustainable long-term returns on its investment portfolio, according to Minister Ong.

Source: VNA