Monetary Authority of Singapore Sustainability Profile
The Monetary Authority of Singapore (MAS) serves as Singapore's central bank and integrated financial regulator, headquartered in the heart of Singapore (SG). Established in 1971, MAS plays a pivotal role in overseeing the country's monetary policy, banking, insurance, securities, and financial services sectors. With a commitment to fostering a sound and progressive financial services environment, MAS has introduced various initiatives to enhance Singapore's position as a global financial hub. Its core services include monetary policy formulation, financial sector regulation, and the promotion of financial stability. Notably, MAS has achieved significant milestones, such as the introduction of the Singapore FinTech Festival, which underscores its leadership in financial innovation. Through its strategic initiatives, MAS continues to maintain a robust market position, ensuring Singapore remains a key player in the global financial landscape.
DitchCarbon Score
How does Monetary Authority of Singapore's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Public Administration industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Monetary Authority of Singapore's score of 26 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Monetary Authority of Singapore's reported carbon emissions
In 2021, the Monetary Authority of Singapore (MAS) reported total carbon emissions of approximately 10,007,000 kg CO2e. This figure includes 88,000 kg CO2e from Scope 1 emissions, primarily from stationary combustion and fugitive emissions, and 3,849,000 kg CO2e from Scope 2 emissions, which are attributed to purchased electricity. Additionally, Scope 3 emissions accounted for about 6,070,000 kg CO2e, with significant contributions from business travel and waste generated in operations. Comparatively, in 2020, MAS's total emissions were about 10,834,000 kg CO2e, indicating a reduction in emissions from the previous year. The breakdown for 2020 included 94,000 kg CO2e in Scope 1, 3,696,000 kg CO2e in Scope 2, and 7,044,000 kg CO2e in Scope 3 emissions. In 2019, total emissions peaked at approximately 15,291,000 kg CO2e, showcasing a downward trend in emissions over the years. Despite these figures, MAS has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The organisation's emissions data is not cascaded from any parent company, indicating that these figures are independently reported. Overall, MAS is actively monitoring its carbon footprint, with a focus on reducing emissions across all scopes, although specific reduction commitments have yet to be established.
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| 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|
| Scope 1 | 98,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 3,884,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 12,319,000 | 00,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Monetary Authority of Singapore's Industry?
How Carbon Intensive is Monetary Authority of Singapore's Location?
Monetary Authority of Singapore's Scope 3 Categories Breakdown
Monetary Authority of Singapore's Scope 3 emissions, which decreased by 14% last year and decreased by approximately 51% since 2018, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 61% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 6% of Scope 3 emissions.
Top Scope 3 Categories
Monetary Authority of Singapore's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Monetary Authority of Singapore has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
