Monday November 28 2022

News Source: Global Exchanges

Focus: Fixed Income

Type: General

Country: Singapore

Link: https://bit.ly/3U8vKC1




On 28th November 2022, Singapore Exchange (SGX Group) announced a launch of new initiative to identify green, social and sustainability fixed income securities that meet Recognised standards. 

The SGX Sustainable Fixed Income initiative allows investors to more easily identify investments that meet certain criteria at issuance. These criteria are: 

  • Alignment with Recognised green, social or sustainability standards for fixed income securities. The list of Recognised standards is set out here. 
  • Confirmation by an external reviewer that the fixed income securities are aligned to the Recognised standards. The reviewer must be a reputable firm with an established track record of providing similar reviews; and 
  • Publicly published reports setting out the fixed income securities alignment with the Recognised standards. 

Issuers may use an SGX Sustainable Fixed Income mark to identify the securities as having met these requirements. 

To continue being Recognised under the SGX Sustainable Fixed Income initiative, issuers must publish any post-issuance reports such as the annual report, as required under the applicable Recognised standard, as well as information on any material developments which may affect alignment with the Recognised standards. Such reports and information must be made publicly available. Information on fixed income securities Recognised under the SGX Sustainable Fixed Income initiative is published on the SGX Group website here and on Market node. 

Issuers applying to list and quote fixed income securities on the SGX securities market may also submit an application for recognition under the SGX Sustainable Fixed Income initiative at the same time. SGX RegCo will review both applications concurrently. 

SGX RegCo estimates some 200 of SGX-listed fixed income securities already meet the SGX Sustainable Fixed Income criteria and they would be on boarded over the next few months. 

Click on the above link for further information