Guidelines on Environmental Risk Management for Asset Managers

Guidelines

Last Revised Date: 05 March 2026

Guidelines on Environmental Risk Management for Asset Managers

Guidelines to enhance fund management companies’ and real estate investment trust managers’ management of environmental risk.

Risk Management

Guidelines on Risk Management Practices

Environmental Risk

Transition Planning

Applies to:

Licensed Fund Management Company

,

Venture Capital Fund Management Company

,

REIT Management

These guidelines set out MAS’ expectations on environmental risk management for all fund management companies and real estate investment trust managers.

The guidelines cover:

Governance and strategy

Research and portfolio construction

Portfolio risk management

Stewardship

Disclosure of environmental risk information

The addendum on transition planning sets out more detailed supervisory expectations for asset managers to manage the transition and physical risks they face from climate change as part of a sound transition planning process.

View Documents

Guidelines on Environmental Risk Management for Asset Managers (Dec 2020) (337.6 KB)

Guidelines on Environmental Risk Management (Asset Managers) - Transition Planning (Mar 2026) (441.2 KB)

Guidelines to enhance banks’ resilience to and management of environmental risk.

These guidelines set out MAS' expectations on environmental risk management for all insurers.

Inform insurers of the publication of an addendum on transition planning to the Guidelines on Environmental Risk Management, which sets out more detailed supervisory expectations for insurers to manage the transition and physical risks they face from climate change as part of a sound transition planning process.

This consultation sets out MAS’ proposed Guidelines on Transition Planning for all fund management companies and real estate investment trust managers. The Guidelines set out the expectation for these financial institutions to have a sound transition planning process to enable effective climate change mitigation and adaptation measures by their investee companies in the global transition to a net zero economy and the expected physical effects of climate change.

Consultation number:

P014-2023

Start date:

18 October 2023

Closing date:

18 December 2023

MAS response date:

05 March 2026

This consultation sets out MAS’ proposed Guidelines on Transition Planning for all insurers. The Guidelines set out the expectation for these financial institutions to have a sound transition planning process to enable effective climate change mitigation and adaptation measures by their customers, asset managers and investees in the global transition to a net zero economy and the expected physical effects of climate change.

Consultation number:

P013-2023

Start date:

18 October 2023

Closing date:

18 December 2023

MAS response date:

05 March 2026

The information papers on environmental risk management for banks, insurers and asset managers provide an overview of the progress made in implementing the MAS Guidelines on Environmental Risk Management.

This consultation sets out MAS’ proposed Guidelines on Environmental Risk Management for all fund management companies and real estate investment trust managers. MAS is proposing to issue the Guidelines to enhance financial institutions’ resilience to and management of environmental risk.

Consultation number:

P005 - 2020

Start date:

25 June 2020

Closing date:

07 August 2020

MAS response date:

08 December 2020