SGX Group and UK Government’s Sustainable Development Investment Programme Partner to Mobilise Public Capital for Emerging Markets
SGX Group is collaborating with the UK government’s flagship development and climate investment programme, MOBILIST, to unlock the potential of public capital markets for sustainable finance
MOBILIST is designed to support new issues through equity capital, technical assistance funding, and enhanced visibility through UK government platforms
SGX Group is a key strategic partner for MOBILIST at the heart of a priority region for the UK government
Singapore Exchange Group (SGX Group) has partnered with MOBILIST, a flagship programme of the UK government’s Foreign Commonwealth & Development Office (FCDO), with the goal of mobilising public capital markets to support sustainable environmental, social and economic development in Asia.
Mobilising Institutional Capital Through Listed Product Structures (MOBILIST) provides funding and technical support to new issuers of securities aligned with the Sustainable Development Goals (SDGs) across emerging and frontier markets. The programme identifies and supports new, additional, scalable and commercially viable investment products that are seeking a public listing on major global exchanges, such as SGX Group.
Public capital markets have a crucial role to play in mobilising private capital to support the SDGs, by providing regulated, liquid access to new opportunities to the broadest range of investors. As a leading international multi-asset exchange in a UK government priority region, SGX Group is a key strategic partner for MOBILIST. MOBILIST’s endorsement as a ‘catalytic initiative’ by the Glasgow Financial Alliance for Net Zero (GFANZ), of which SGX Group is part of the GFANZ Principals Group and also a founding member of the Net Zero Financial Service Providers Alliance, highlights SGX Group’s and MOBILIST’s shared commitment to a transition to a net-zero economy.
The Rt Hon Elizabeth Truss MP, Secretary of State for Foreign, Commonwealth and Development Affairs, UK Government, said, “Singapore Exchange Group exemplifies the strength and depth of Asian markets as a source of honest, reliable development and climate finance. The UK government is committed to working with Singapore and the many high-quality firms in its thriving public market to support capital mobilisation.”
Loh Boon Chye, Chief Executive Officer, SGX Group, said, “To achieve green and inclusive growth in Asia, the private and public sectors must work hand-in-hand to finance innovative solutions that support the SDGs. Our partnership with MOBILIST is a step in this direction, and we are excited to connect MOBILIST with our ecosystem to identify and fund new sustainable investment opportunities. As Asia’s most international exchange and the leading venue for international and sustainable green bonds, SGX Group offers an ideal fundraising platform for companies to grow and scale. MOBILIST’s support will further mobilise capital from the deep and broad investor base in Asia who are increasingly seeking to invest responsibly with impact.”
MOBILIST Investment and Technical Assistance to SGX Group’s Capital Market Participants
MOBILIST is actively seeking to identify eligible products and issuers that could benefit from its assistance.
MOBILIST can support new issuers through a combination of equity capital, technical assistance funding, advisory services, and enhanced visibility through the UK government’s platforms, guidance and backing. Whilst MOBILIST can only deploy equity capital, the programme can provide debt securities issuers with technical assistance funding.
MOBILIST seeks to partner with financial institutions at the core of capital markets and will engage with and accept proposals from SGX Group’s pool of over 40 accredited issue managers.
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About Singapore Exchange Group
We are Asia’s leading and trusted securities and derivatives market infrastructure, operating equity, fixed income, currency and commodity markets to the highest regulatory standards. We also operate a multi-asset sustainability platform, SGX FIRST or Future in Reshaping Sustainability Together (sgx.com/first).
We are committed to facilitating economic growth in a sustainable manner leveraging our roles as a key player in the ecosystem, a business, regulator and listed company. With climate action as a key priority, we aim to be a leading sustainable and transition financing and trading hub offering trusted, quality, end-to-end products and solutions.
As Asia’s most international, multi-asset exchange, we provide listing, trading, clearing, settlement, depository and data services, with about 40% of listed companies and over 80% of listed bonds originating outside of Singapore. We are the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN. In foreign exchange, we are Asia’s leading marketplace and most comprehensive service provider for global FX over-the-counter and futures participants. Headquartered in AAA-rated Singapore, we are globally recognised for our risk management and clearing capabilities. For more information, please visit www.sgx.com.
About the Foreign Commonwealth & Development Office
The Foreign, Commonwealth & Development Office (FCDO) pursues the UK’s national interests and projects the UK as a force for good in the world. We promote the interests of British citizens, safeguard the UK’s security, defend our values, reduce poverty and tackle global challenges with our international partners. For more information on the FCDO use the following link here.
A flagship UK government programme, MOBILIST supports investment solutions that help deliver the climate transition and the United Nation’s Global Goals in developing economies. MOBILIST focuses on mobilising institutional capital to spur new scalable and replicable financial products. MOBILIST invests capital, delivers technical assistance, conducts research and builds partnerships to catalyse investment in new listed products.
Chin May Nah
Marketing & Communications
+65 8223 7358