MAS on track to lower carbon intensity of investment portfolio: CNA report

The Monetary Authority of Singapore (MAS) says it remains on track to reduce the carbon intensity of its investment portfolio. The central bank and financial regulator has set targets to lower the emissions associated with its holdings, part of a broader push to align Singapore's financial sector with climate goals. Details on the specific targets, timelines, and the types of assets being shifted are not fully detailed in this brief report. However, the update signals that MAS is continuing to integrate climate risk into its portfolio management, a move that could influence how other sovereign wealth funds and central banks approach decarbonization.