Regulatory Alerts2026-03-05
Added
Guidelines on Environmental Risk Management for Banks
The Monetary Authority of Singapore issued these guidelines to establish supervisory expectations for environmental risk management across all banks, merchant banks, and finance companies. The framework mandates robust governance, strategy, and risk management practices, alongside the disclosure of environmental risk information to enhance institutional resilience. An addendum further details requirements for transition planning to address climate change mitigation, adaptation, and physical risks.
Guidelines
Last Revised Date: 05 March 2026
These guidelines set out MAS' expectations on environmental risk management for all banks, merchant banks, and finance companies.
The guidelines cover:
Governance and strategy
Risk management
Disclosure of environmental risk information
The addendum on transition planning sets out more detailed supervisory expectations for banks to manage the transition and physicals risks they face from climate change as part of a sound transition planning process. .
View Documents
Guidelines on Environmental Risk Management for Banks (Dec 2020) (289.3 KB)
Guidelines on Environmental Risk Management (Banks) - Transition Planning (Mar 2026) (568.6 KB)
These guidelines set out MAS' expectations on environmental risk management for all insurers.
Guidelines to enhance fund management companies’ and real estate investment trust managers’ management of environmental risk.
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 banks, merchant banks, and finance companies. 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 in the global transition to a net zero economy and the expected physical effects of climate change.
Consultation number:
P012-2023
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 banks, merchant banks, and finance companies. MAS is proposing to issue the Guidelines to enhance financial institutions’ resilience to and management of environmental risk.
Consultation number:
P003-2020
Start date:
25 June 2020
Closing date:
07 August 2020
MAS response date:
08 December 2020