Ng Sey Ming

Dec 15, 2023 | lexology.com | Lee Weilin |Ng Sey Ming |Cindy Quek |Cynthia Wu

IntroductionThe finalised Code of Conduct for ESG Rating and Data Product Providers ("Code") and an accompanying Checklist for providers to self-attest their compliance to the Code ("Checklist") were published by the Monetary Authority of Singapore ("MAS") on 6 December 2023.

Dec 15, 2023 | lexology.com | Lee Weilin |Kala Anandarajah |Ng Sey Ming |Shemane Chan |Cindy Quek |Cynthia Wu | +2 more

IntroductionThe landscape for attaining net zero by 2050 has been met with challenges, particularly in Asia. Coal-fired power plants ("CFPPs") in Asia account for one-sixth of the global greenhouse gas ("GHG") emissions and needs to be phased out ahead of their usual run-time to avoid exhausting the carbon budget aligned with the Paris Agreement. Climate-friendly transition activities across the economy also face financing hurdles in the face of greenwashing risks and narrowing bankable capacity.

Jul 21, 2023 | lexology.com | Lee Weilin |Kala Anandarajah |Rajesh Sreenivasan |Sandy Foo |Ng Sey Ming |Disa Sim | +5 more

IntroductionFinancial market participants have increasingly used Environmental, Social, and Governance ("ESG") ratings and ESG data products for investment and capital allocation.

Jul 18, 2023 | lexology.com | Lee Weilin |Kala Anandarajah |Sandy Foo |Ng Sey Ming |Disa Sim |Cindy Quek | +5 more

IntroductionThe coal to green transition plays a vital role in reducing global greenhouse gas emissions. The transition will not be possible without adequate financing. However, challenges lie in crafting credible and just coal phase-out guidance that sufficiently allays concerns among financial institutions regarding the financing of such projects.