The Monetary Authority of Singapore (MAS) has unveiled the Singapore-Asia Taxonomy for Sustainable Finance, designed to specify green and transition economic activities contributing to environmental and climate goals. This taxonomy aims to mitigate the risk of “green or transition washing” by enabling financial institutions to identify and disclose alignment with financed activities and labeled investment products. Covering eight focus sectors, the taxonomy introduces a “transition” category and incorporates a “traffic light” system to differentiate between Green, Amber (transition), and ineligible activities. It also features a “measures-based approach” to encourage investment in decarbonization initiatives supporting emissions reduction over time.
By FCCT Editorial Team
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}