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Singapore announces first research institute dedicated to green finance research and talent development

Imperial College Business School and the Lee Kong Chian School of Business at Singapore Management University (SMU) yesterday launched the Singapore Green Finance Centre (SGFC), Singapore’s first research institute dedicated to green finance research and talent development.

The SGFC is supported by the Monetary Authority of Singapore (MAS) and nine founding partners: Bank of China Limited, BNP Paribas, Fullerton Fund Management, Goldman Sachs, HSBC, Schroders, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, and UBS AG.

An advisory board, which includes MAS, both academic institutions, and the nine founding partners, will provide guidance on the strategic direction of the SGFC.

Mr Ravi Menon, Managing Director of MAS, said, “MAS is committed to developing a vibrant green finance research and talent ecosystem in Singapore, to support Asia’s transition to a low carbon future. The SGFC will be an important part of this ecosystem, bringing together two leading academic institutions in environmental science and financial economics. We are especially heartened by the strong industry support for the SGFC, which will be key to its success.” 

The SGFC will draw on the respective strengths of Imperial and SMU in climate science, financial economics, and sustainable investing – equipping professionals with new skills and developing a strong pipeline of green finance talent.

Its research and training will enable financial institutions, corporates, and policymakers to improve the management of environmental risks, develop financial solutions to promote environmental sustainability, and design policies for a sustainable future.

Research to support the transition to a low carbon future

The SGFC will pursue research to help develop strategies for policymakers and financial institutions to support Asia’s transition to a low carbon future. The research will be co-created with industry to ensure applicability and relevance, and will cover three key themes:

  • transforming businesses by integrating climate-related data and environmental, social & governance (ESG) considerations into decision-making
  • designing policies and new initiatives that can improve the efficiency of green finance markets
  • catalysing the development of green finance solutions.

To equip professionals with skills in climate finance and applied knowledge in Asian markets, the SGFC will offer an array of courses across various levels – undergraduate, post-graduate, continuing and professional education.

This will develop a strong pipeline of green finance talent which financial institutions and service providers can tap as they expand teams and deepen green finance capabilities to serve the growing needs of Singapore and the region.

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