SGX launches new sustainability platform, pledges $20 mil to initiatives

The Singapore Exchange is investing $20 million into expanding its sustainability initiatives, housed under a new platform.

SGX FIRST, which stands for Future in Reshaping Sustainability Together, is Asia’s only multi-partner, multi-asset exchange-led sustainability platform, says the bourse in a news release on Dec 15.

According to SGX, half the amount will go towards new environmental, social and governance (ESG)-focused products, services and platforms, while the other half will be channelled into capacity building for the financial ecosystem, strengthening internal capabilities and increasing corporate social responsibility (CSR) commitments.