Green Finance Industry Taskforce (GFIT)

The Green Finance Industry Taskforce (GFIT) was convened by the Monetary Authority of Singapore (MAS) to help accelerate the development of green finance through four key initiatives:

  • Develop a taxonomy;

  • Improve disclosures;

  • Foster green finance solutions; and

  • Enhance environmental risk management practices of financial institutions.

The Taskforce comprises representatives from financial institutions, corporates, non-governmental organisations, and financial industry associations.

Please click here for the GFIT Media Release on 19 May 2021.

Please click here for the GFIT Media Release on 28 January 2021.

Environmental Risk Questionnaire (ERQ)

The ERQ is an industry standard template for banks to engage corporate clients on environmental risk issues, gather data points and identify opportunities to finance the transition to a low carbon economy: