As governments gear up to reduce emissions following COP26, close cooperation between institutions will help steer Asia’s climate transition, says Singapore Exchange (SGX) CEO Loh Boon Chye.
“We have been working to provide leadership for financing Asia’s climate transition and strengthen capacity-building for the broader financial ecosystem. The clock is ticking and the transition will require consensus, collaboration and cooperation from all of us. We believe exchanges can help steer the pathway to net zero,” says Loh.
Speaking at the Futures Industry Association Asia Conference on Dec 7, Loh highlights that SGX is one of the founding members of the Net Zero Financial Service Providers Alliance and Glasgow Financial Alliance for Net Zero (GFANZ). Launched in April, 450 institutions have since signed up to GFANZ, committing some US$130 trillion.
