Home News Environmental, Social and Governance

MAS to cut exposure to coal and oil miners; issues guidelines on ESG retail funds

Jovi Ho
Jovi Ho7/28/2022 04:59 PM GMT+08  • 8 min read
MAS to cut exposure to coal and oil miners; issues guidelines on ESG retail funds
“Let me assure you — if MAS calls up a fund manager to a meeting, that usually sends the message across.”
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The Monetary Authority of Singapore (MAS) is walking away from equities and corporate bonds of companies that derive more than 10% of their revenues from thermal coal mining and oil sands activities.

“Such companies will be exposed to significant risks of asset stranding as the world increasingly shifts towards the use of cleaner or renewable sources of energy,” says MAS at the release of its second annual sustainability report on July 28.

Managing director Ravi Menon is confident MAS will hit this target “well in advance” of FY2030 and that “there will be no sacrificing returns”.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.