The unit was launched by the London Stock Exchange Group (LESG) as part of its new LSEG Labs network.

LSEG Labs, previously knowns as Refinitiv Labs, is LSEG’s in-house fintech arm. 

The Singapore-based sustainable finance unit, supported by the Monetary Authority of Singapore (MAS), will focus on creating sustainable finance capabilities to accelerate innovation and advanced technology across the country’s fintech ecosystem.

LSEG Labs collaborates with LSEG’s customers and partners around the world to apply strategic analysis, emerging technology, data science and design thinking to solve pressing problems faced by the financial industry. 

The unit in Singapore provides a combination of data science, data engineering, design thinking and Environmental, Social and Governance (ESG) expertise. The multidisciplinary team will work closely with key players in Singapore and global financial institutions, corporates, universities and industry associations. 

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Sitting at the intersection of data, emerging technology and sustainability the team will create value by solving challenges for market participants across financial markets, such as accelerating investment into green infrastructure projects, measuring climate risks and making ESG disclosure quicker and easier. 

“We are excited to gain the backing of MAS to support the business, finance and investor community in accelerating the transition to a net-zero, sustainable economy. This is a powerful initiative given both of our positions at the heart of international capital markets and our combined focus on innovation and global collaboration in sustainable investment and finance,” says David Harris, global head of sustainable finance, data & analytics at LSEG.

“Technology will play an increasingly vital role in driving the global sustainability agenda. Greater collaboration will be key for the financial sector to explore innovative solutions that can address climate-related risks and mobilise capital towards greener and more sustainable activities,” says Kwok Quek Sin, executive director, green fintech,fintech & innovation group at MAS. 

“To this end, the setup of LSEG’s sustainable finance innovation unit in Singapore can help bring together the capabilities and stakeholders needed to support sustainability and transition efforts both regionally and globally,” Kwok adds.

Photo: LSEG