Finance Day Opening Remarks by Mr Chia Der Jiun, Managing Director, Monetary Authority of Singapore

Launch of the TRACTION Final Report and the Statement of Support. The session unveils insights from two years of work on transition credits to accelerate the coal-to-clean transition in Asia and features a non-binding Statement of Support from leading financial institutions and prospective offtakers to scale credible, just, and investable transitions.

As global carbon markets evolve, this segment spotlights financial innovations that can unlock capital and manage risk, such as blended finance approaches and carbon insurance.

This programme presents insights from SSFA’s upcoming Claims Guidance, developed through extensive consultations with stakeholders and global platforms as VCMI. The session will explore how corporates can navigate voluntary carbon markets with greater clarity and confidence, and how markets can credibly drive decarbonisation.

Supply chains are the backbone of the global economy and are also one of the most visible fault lines in times of crisis, as seen from the COVID-19 pandemic to geopolitical instability, climate change and biodiversity losses. At the same time, growing regulatory pressure, investor expectations, and consumer demand are pushing companies to embed sustainability into their operations and supply chains. This means not only reducing environmental risks but also enhancing resilience to future shocks. Resilience and sustainability are no longer competing priorities but two-sides of the same coin.

This session will start with a presentation by HSBC on the role of finance in supporting the shift towards more sustainable and resilient supply chains. The presentation will cover how commercial banks can incentivise corporates to adopt sustainable supply chain management processes and the available range of solutions on the market, including the sharing of case studies.

This will be followed by a panel discussion with a range of stakeholders from corporates, financial institutions, multilateral development banks, and NGOs to discuss some of the challenges, opportunities, and the required solutions and enablers to further advance the transformation of global supply chains.

With the conclusion of the Article 6 rules, Parties are now focused on implementation. The panel brings together governments and practitioners to explore how standardised guidelines and best practices could support the implementation of Article 6 approaches between countries, thereby facilitating climate finance flows and mitigation enhancement.