Singapore Sustainable Finance Association

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Yes, it is still necessary. While SGBP and SGLS certifications indicate that a product like steel and cement meet certain environmental standards, they apply only for the building material and is not a direct substitute for the SAT criteria in the RE&C sector.

Similarly, the certifications are not a direct substitute for the SAT criteria for under the Manufacturing sector, i.e. manufacturing of steel and cement, which assesses the sustainability of the production facilities.

Financiers may view SGBP-certified steel or SGLS-certified cement as environmentally preferable products, but this does not mean they are aligned with the SAT TSC.

[Updated in Jul 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