The Monetary Authority of Singapore (MAS) has issued guidelines for environmental risk management.

The Monetary Authority of Singapore has issued guidelines on environmental risk management and transition planning for banks, insurance companies, and asset management companies. MAS stated that it will develop guidelines to address the transition risks and physical risks arising from climate change faced by investors and their portfolios. Financial institutions should develop transition planning processes based on the level of risk and consider factors such as risk profile and local operating environment. The relevant guidelines will come into effect in September 2027 after an 18-month transition period.