LSEG sets up Singapore sustainable finance innovation unit
The move is supported by the Monetary Authority of Singapore.
London Stock Exchange Group (LSEG) announced today the launch of a sustainable finance innovation unit in Singapore.
The unit falls under LSEG’s new LSEG Labs network, which aims to create finance capabilities focused on innovation and sustainability across the country’s fintech system.
With support from the Monetary Authority of Singapore (MAS), the finance unit aims to bring a mixture of data science, data engineering, design thinking and environmental, social, and governance (ESG) expertise. Cooperation with key partners in Singapore and global financial institutions, corporates, universities, and industry associations is targeted.
Applications of this include strengthening investment in green infrastructure projects, climate risks, and making ESG disclosure easier.
David Harris, global head of Sustainable Finance, Data, and Analytics at LSEG, stressed the importance of this unit and the effects that it could have on the country.
“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.”