Guidelines on Environmental Risk Management (Asset Managers) – Transition Planning

The Monetary Authority of Singapore (MAS) issued three Guidelines on Environmental Risk Management - Transition Planning to separately set out MAS’ supervisory expectations for banks, insurers and asset managers to manage the transition and physical risks they and their portfolios face from climate change. The Guidelines support financial institutions (FIs) in building effective risk assessment and risk management capabilities for better resilience against climate-related risks, and are an addendum to the Guidelines on Environmental Risk Management issued in 2020.