Singapore's financial regulator has partnered with members of the financial industry to establish the Singapore Sustainable Finance Association (SSFA), the first cross-sectoral industry body to support the development of Singapore as a leading global center for sustainable finance. The SSFA aims to drive the development of Singapore's sustainable finance ecosystem, promote best sustainable finance practices, and facilitate collaboration between financial and non-financial sectors to support the low-carbon transition and sustainable economic growth of Singapore and the region. The establishment of the SSFA, which will begin its work in 2Q2024, marks a pivotal moment in Singapore's sustainable finance journey, according to Gillian Tan, assistant managing director and chief sustainability officer at the Monetary Authority of Singapore.