Monetary Authority of Singapore
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 23 is lower than 66% 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 Scope 1 emissions of about 88,000 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 3,849,000 kg CO2e from purchased electricity. Notably, Scope 3 emissions accounted for around 6,070,000 kg CO2e, with significant contributions from business travel (about 347,000 kg CO2e) and waste generated in operations (approximately 103,000 kg CO2e). Comparatively, in 2020, MAS's total emissions were about 10,834,000 kg CO2e, with Scope 1 emissions at 94,000 kg CO2e, Scope 2 emissions at 3,696,000 kg CO2e, and Scope 3 emissions reaching approximately 7,044,000 kg CO2e. The trend shows a reduction in total emissions from 2019, where emissions were reported at 15,291,000 kg CO2e. 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. MAS continues to focus on sustainability and climate commitments as part of its operational strategy.
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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 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Monetary Authority of Singapore is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
