Environmental, Social, Governance (ESG) FinTech Grant

Objectives:

• To spur the financial sector's adoption of ESG technology solutions.
• Empower financial institutions to address key ESG data and infrastructure challenges.
• Support mobilization of capital towards sustainable activities.
• Facilitate tracking of net zero transition plans and programs.
• Encourage innovative use of technology in ESG-related financial services.

Target Beneficiaries:

• Singapore-based financial institutions (FIs).
• Non-FI applicants must include a participating Singapore-based FI.
• Market or professional organizations, associations, industry consortiums.
• Non-FI solution providers or companies involved in ESG FinTech.

Qualifying Projects:

• Must demonstrate innovative technology addressing ESG data and infrastructure needs.
• Can pioneer use cases in ESG RegTech, ESG Risk and InsurTech, Carbon Services, ESG Investment Management, ESG Lending, ESG Payments, and other ESG FinTech verticals.
• Should establish a strong nexus to Singapore’s ESG FinTech ecosystem.

Funding Details:

• Covers up to 50% of qualifying expenses on a reimbursement basis.
• Qualifying expenses include basic manpower costs, professional services, hardware/software infrastructure and licenses, equipment, IP rights, and external auditor costs.
• Funding capped at SGD 500,000.
• Funding duration up to 18 months.
• Applicants responsible for due diligence on service providers/vendors; MAS does not provide a pre-approved list.

Application Process:

• Interested parties may engage MAS via fintech_office@mas.gov.sg to discuss project ideas.
• Applications should be submitted at least 3 months before project commencement.
• The scheme is valid until March 2026; applications approved up to that date.
• Approved projects can run beyond March 2026.

Key Features:

• Part of the Financial Sector Technology and Innovation (FSTI) scheme.
• Supports innovative ESG technology adoption in financial services.
• Encourages collaboration between FIs and non-FI solution providers.
• Focus on sustainable finance and net zero transition facilitation.
• Reimbursement-based funding with clear expense categories.

This grant aims to strengthen Singapore’s position as a leading ESG FinTech hub by fostering innovation and collaboration in sustainable finance technology.