Singapore: SGX draws up $20 million plan to boost commitment to sustainability

The Singapore Exchange (SGX) will spend $20 million on a multi-year plan to enhance its environmental, social and governance (ESG) capabilities and initiatives.

Half of this amount will go towards new ESG-focused products, services and platforms – spanning across asset classes including fixed income, equities, commodities and indices, said Mr Loh Boon Chye, chief executive officer of SGX on Tuesday (Dec 15).

The other half will be channelled into capacity building for the local financial ecosystem to catalyse change for a sustainable future, strengthening SGX’s internal capabilities and increasing its corporate social responsibility commitments, he said at a virtual media briefing.

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