Sovereign Green Bond Pioneer
The Singapore Government and its Statutory Boards plan to issue up to SGD35bn (USD26bn) of green bonds by 2030. The Singapore Green Bond Framework establishes guidelines for public sector green bond issuances and ensure that the green bonds adhere to market best practices. The sovereign green bond issued by the Singapore Government will be used to finance long-term infrastructure that contributes to the environmental objectives set out in the ICMA Green Bond Principles and the ASEAN Green Bond Standards, and provides inter-generational benefits.
“This award is an affirmation of Singapore’s efforts to catalyse the sustainable finance market for climate action. As one Government, the public sector is committed to issuing high-quality green bonds, up to SGD35 bn by 2030. We look forward to working with like-minded partners to advance sustainable financing globally.”