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ARTICLE · 01 DECEMBER 2020

MAS Introduces Green And Sustainability-Linked Loan Grant Scheme

Shook Lin & Bok
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On 24 November 2020, the Monetary Authority of Singapore ("MAS") announced the launch of its grant scheme for green and sustainability-linked loans ("SLLs"), effective as of 1 January 2021.

SingaporeFinance and Banking
Liew Kai Zee
Liew Kai Zee
Joseph Chun
Joseph Chun
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On 24 November 2020, the Monetary Authority of Singapore ("MAS") announced the launch of its grant scheme for green and sustainability-linked loans ("SLLs"), effective as of 1 January 2021. The Green and Sustainability-Linked Loan Grant Scheme ("GSLS") supports corporates' green and sustainable financing by defraying the expenses of engaging independent service providers to validate the green and sustainability credentials of the loan. It also encourages banks to develop green and sustainabilitylinked loan frameworks to make such financing more accessible to small and medium-sized enterprises (SMEs).

Green loans are loans whose proceeds are earmarked to finance or re-finance eligible 'green' purposes, in line with the Green Loan Principles, as agreed between lender and borrower. SLLs on the other hand, are loans for general purposes, which incentivise the borrower to meet agreed sustainability performance targets, in line with the Sustainability-Linked

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