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MAS launches world's first grant scheme to support green and sustainability-linked loans

Felicia Tan
Felicia Tan11/24/2020 01:32 PM GMT+08  • 4 min read
MAS launches world's first grant scheme to support green and sustainability-linked loans
BNP Paribas, OCBC Bank and UOB have introduced innovative green and sustainability-linked loan that will qualify for the scheme.
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Companies of all sizes will now receive more support to obtain green and sustainable financing from the Monetary Authority of Singapore (MAS) through the Green and Sustainability-Linked Loan Grant Scheme (GSLS).

The GSLS, which is an initiative under MAS’s Green Finance Action Plan, was announced on Nov 24 and will be effective from Jan 1, 2021.

The GSLS is the first of its kind in the world and seeks to support corporates by defraying the expenses of engaging independent service providers to validate the green and sustainability credentials of the loan.

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