In recent years, climate transition financing has become a critical focus for financial institutions worldwide, with only a fifth of the region’s financing gap having been filled with billions of dollars more to reach net zero.
However, this also comes with substantial challenges. One of the primary hurdles is the diverse and evolving nature of frameworks and standards across different jurisdictions.
“The various standards across jurisdictions can create difficulties in establishing a common standard to evaluate all $40b of assets we manage. Some standards may work in certain markets while others may not be as applicable,” David Chua, chief investment officer at Income Insurance told Singapore Business Review in a recent interview.
Aiming high
Income Insurance has set ambitious targets to invest SG$100m (US$74.6m) in community initiatives by 2030 and S$1b (US$746m) towards climate transition financing. This investment aims to drive decarbonisation efforts and promote environmentally resilient practices.
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How TikTok powers cross-border shopping for Singapore retailers
The yellow basket feature allows viewers to purchase items directly during livestreams.
Income Insurance seeks to fill billion-dollar financing gap in climate transition
The region skimmed its carbon intensity by 2.8%, far below the 17.2% needed.
SIDS fights misconceptions in interior design with accreditation, education
The organisation is setting up a digital platform to speed up accreditation from 6 to 2 months.
IHH's proton therapy takes aim at tumours with precision and low risk
Leaving surrounding organs at risk during cancer treatment might become a thing of the past.
SingPost pivots from mail to logistics as e-commerce demand drives growth
It is banking on e-commerce to drive its logistics unit, which accounts for 69% of revenue.
Singapore needs SEA neighbours to power renewable energy transition
Experts favour Malaysia and Indonesia as renewable energy import sources.
Singapore's architecture blueprint spurs push to tackle brain drain in other sectors
Paying the country's architects just right will hopefully stop the brain drain.
Millionaires eye a piece of Singapore's rich colonial era
The country's remaining 6,500 shophouses are in high demand amongst the ultra-rich.
HDB resale portal unlikely to cut out property agents
The portal enables sellers to list their units themselves.
Factory and retail spaces shine as housing heads for worst market slump in 16 years
Its manufacturing and tourism rebound will spur demand for industrial and high-street shops.
