Singapore Sustainable Finance Association (SSFA) is an industry body, established in January 2024 by the Monetary Authority of Singapore (MAS) and financial sector stakeholders. It builds on the work of the Green Finance Industry Taskforce (GFIT), which operated from 2019 to April 2023 and delivered key tools such as the Singapore‑Asia Taxonomy and guidance on environmental risk management and climate disclosures.
SSFA’s main focus is to support Singapore’s emergence as a trusted, vibrant and inclusive sustainable‑finance centre. Its core goals include galvanising the development of a sustainable‑finance ecosystem, promoting best practices, facilitating collaboration between financial and non‑financial sectors, bolstering Singapore as a thought leader, and deepening industry capabilities.
The organisation’s structure is governed by an Executive Committee (EXCO) composed of around 20 C‑suite representatives from financial institutions, exchanges and regulators. EXCO defines strategic work plans, prioritises workstreams, appoints leaders and advisers. Membership applications are reviewed by a dedicated Membership Approval Committee (MAC), which reports to EXCO. Supporting day‑to‑day operations is a Secretariat led by a Director and Deputy Director.
SSFA manages a set of five priority workstreams shaping sustainable‑finance initiatives. These are carbon markets; transition finance; blended finance; natural capital and biodiversity; and taxonomy. Each workstream is steered by experts from institutions such as DBS, HSBC, UOB, UBS, Manulife and others.
In practical terms, SSFA delivers white papers, implementation guides, workshops and capacity‑building initiatives. It plays a key role in policy guidance, industry engagement, international collaboration and strengthening sustainable‑ finance frameworks in Singapore and the region
