Singapore is part of an international alliance of world leading green building rating system organisations that has launched the first global practical guide to facilitate the $35 trillion investment needed by 2030 to meet global energy transition goals.
Financing Transformation: A Guide to Green Building for Green Bonds and Green Loans details how various building verification and certification standards can be used to comply with global classifications and bond frameworks, setting a trajectory for the global built environment to meet a sustainable 1.5°C climate threshold.
CEO of Singapore’s Building and Construction Authority (BCA), Mr Kelvin Wong said, “The International Sustainable Finance Guide represents a significant step forward for the built environment as it will equip investors and financial institutions with the tools to recognise the value proposition of green buildings. We are confident that this initiative will lead to a wider adoption of BCA’s Green Mark Scheme and other similar green building rating systems internationally. This will help catalyse the sustainable growth of the building sector worldwide towards a low carbon future.”
Executive Director of the Singapore Green Building Council (SGBC), Yvonne Soh, said the guide will ensure that rating systems can align with finance instruments and bond frameworks worldwide, driving impact on a global scale, “This guide will bring us closer to a world where sustainable development is not just an option but a cornerstone of global economic activity.”
