SAS ESG Declaration on Commitment to United Nations’ Sustainable Development Goals

Logo for UN Sustainable Development Goals

Whereas in efforts to commit to global net zero, leaders of the member states of the United Nations, including Singapore, have agreed to intensify climate action by reducing national emissions and other commitments in their Nationally Determined Contributions (NDCs).

Whereas Singapore plays a pivotal role in mobilizing finance to achieve our climate goals, as we aim to green our financial ecosystem, and as a major financial hub in South-East Asia,

Whereas a just transition to a low-carbon economy is imperative in South-East Asia, where a significant portion of the world’s poorest nations face rapid industrial development challenges that threaten social and environmental stability,

Whereas addressing the social, economic and environmental problems in South-East Asia is crucial in the race to net zero, and will play a consequential role in the sustainable development of not only the region, but also the world as a whole,

Whereas the securities industry is expected to play a major role in ensuring that capital is channelled effectively towards climate finance, to businesses with sustainable practices, and for the achievement of the Sustainable Development Goals outlined by the United Nations,

WE, THE SECURITIES ASSOCIATION OF SINGAPORE ESG FORUM,

Recalling the objectives of our establishment to facilitate information exchange within the securities industries of the Asia-Pacific region and to contribute to the development of securities markets and economic growth in this region,

Reflecting the development of its membership with substantial coverage of geographic areas and demographics comprising the securities markets of the fastest growing region of the world,

Recognizing that the securities industry in this region can play crucial roles in contributing to the achievement of the United Nations Sustainable Development Goals (SDGs),

HEREBY DECLARE to commit ourselves to,

Encourage the development and maintenance of, in cooperation with relevant regulatory authorities and other stakeholders, the financial and securities markets that can contribute to the achievement of the aforementioned goals,

Welcome and aim to support widely implement global capital markets initiatives that credibly contribute to Climate Action and Sustainable Investing such as the alignment and application of the UN SDGs, under guidance from the UN Principles of Responsible Investing and within the reporting frameworks of Taskforce for Climate-related Financial Disclosures (TCFD) and Taskforce for Nature-related Financial Disclosures (TNFD).

Enhance multilateral cooperation among our members and bolster our function as a platform through which we can share the information, expertise and experiences in this field.

SAS MEMBER ORGANISATIONS (ESG Signees)

Member firm names (in alpha order)

  1. CGS-CIMB SECURITIES (SINGAPORE) PTE LTD
  2. CMC MARKETS SINGAPORE PTE LTD
  3. DBS VICKERS SECURITIES (SINGAPORE) PTE LTD
  4. ENDOW.US PTE LTD
  5. IFAST FINANCIAL PTE LTD
  6. IG ASIA PTE LTD
  7. LIM & TAN SECURITIES PTE LTD
  8. MAYBANK SECURITIES PTE LTD
  9. OANDA ASIA PACIFIC PTE LTD
  10. OCBC SECURITIES PTE LTD
  11. PHILLIP SECURITIES PTE LTD
  12. SAXO MARKETS
  13. STONEX FINANCIAL PTE LTD
  14. TIGER BROKERS (SINGAPORE) PTE LTD
  15. UOB KAY HIAN PTE LTD

February 2022