Can SGBP-certified steel or SGLS-certified cement qualify for green financing if these materials will be used in the construction of a new building that meets the SAT-aligned criteria under Activity 3.1 “Construction of New Buildings”? *Note: There is no SAT-aligned green cement and steel, only SAT-aligned green cement and steel manufacturing facilities.

Financiers may provide green or transition financing for enabling and value chain activities if these upstream materials directly support a SAT-aligned activity (e.g. the materials will contribute towards construction of a new building which meets the Green TSC). However, these enabling and value chain activities will not be considered aligned with the SAT.

Users may refer to the Guidance for Leveraging the Singapore-Asia Taxonomy in Transition Financing for more details.

[Updated in Jul 2025]