Singapore Sustainable Finance Association

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For steel, we note that the SAT criteria for amber activities align with the green criteria for production facilities operational prior to 2022 (with a sunset date of 2030). If a loan matures before 2030, should the borrower label the activity as green (aligned with CBI) or amber (aligned with SAT)?

If a loan matures before 2030, reference can be made to the grandfathering rules in “#3 Grandfathering rules and provisions in the SAT” in the “Guidance for Leveraging the Singapore-Asia Taxonomy in Green and Transition Financing” published by SSFA as of July 2025.

[Updated in Dec 2025]

General Membership Approval Criteria

Prioritise organisations with a defined approach to sustainable finance and have demonstrated thought leadership

Domain expertise in areas that are of strategic importance to SSFA

Prioritise corporates from sectors that are critical for Singapore’s decarbonisation

Ability and capacity to contribute to SSFA’s activities – workstreams and events

General Members’ Categories

FI Partners

  • Financial Services
  • Financial Regulators
  • Financial Sector Industry Bodies, Networks, Platforms & Associations

Industry Partners

  • Non-financial Sector Corporates
  • Non-financial Sector Industry Bodies, Networks, Platforms & Associations
  • Government Agencies

Knowledge Partners

  • Academia/IHLs*
  • Consulting and Advisory Services
  • Data Providers
  • International Organisations*
  • Multilateral Development Banks (MDBs)*
  • NGOs*

*Non-fee paying, by invitation only