London Stock Exchange Group (LSEG) has launched in Singapore a dedicated unit, supported by the Monetary Authority of Singapore (MAS), that will focus on creating sustainable finance capabilities to accelerate innovation and advanced technology across the country’s fintech ecosystem.

The sustainable finance unit, part of the LSEG Labs network, provides a strong combination of data science, data engineering, design thinking, and environmental, social and governance (ESG) expertise.

The multidisciplinary team – sitting at the intersection of data, emerging technology and sustainability – will work with key players in Singapore and global financial institutions, corporates, universities and industry associations to create value across financial markets by solving challenges, such as accelerating investment into green infrastructure projects, measuring climate risks, and making ESG disclosure quicker and easier.

“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,” says David Harris, LSEG’s global head of sustainable finance, data and analytics. “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.”

“Technology will play an increasingly vital role in driving the global sustainability agenda,” adds Kwok Quek Sin, MAS’ executive director, green fintech, fintech and innovation group. “Greater collaboration will be key for the financial sector to explore innovative solutions that can address climate-related risks and mobilise capital towards greener and more sustainable activities. To this end, the unit can help bring together the capabilities and stakeholders needed to support sustainability and transition efforts both regionally and globally.”