Automating the resource intensive process of pooling validated carbon emissions data from an MNC client and its suppliers, so a relationship manager can make an efficient and reliable assessment of how the client is faring against its net zero commitments.Standardizing the calculation, verification, and disclosure of carbon emissions data across industries to allow clients – especially those in hard-to-abate sectors – to monitor and manage their financed emissions.Harnessing retrospective and forward-looking datasets to help organisations create achievable, science-based transition pathways that can be assessed against codified taxonomies.
Identifying and quantifying synergies and trade-offs between the social and environmental aspects of ESG, so organisations can more effectively access and adopt transition financing. These problem statements reflect the following real-world challenges faced by financial institutions: Organised by Google Cloud in collaboration with MAS and KPMG in Singapore, the inaugural Climate Finance Accelerator aims to channel capital toward companies with market-ready climate fintech solutions, and to facilitate financial institutions’ adoption of these solutions to impact multinational corporations (MNCs) and small and medium enterprises (SMEs).Ĭlimate fintech companies are invited to submit innovative solutions to address problem statements co-crafted with stakeholders from DBS, HSBC, OCBC Bank, Standard Chartered Bank, TDCX, and UOB. The Advisory Board has played an integral role in refining the mechanics for the Point Carbon Zero Climate Finance Accelerator and will serve as the program’s executive sponsors, mentors, and judges.Ĭlimate finance accelerator now open to climate fintech firms, startups The Advisory Board comprises 12 senior executives from Chubb, DBS, Fidelity International, Goldman Sachs, HSBC, KPMG in Singapore, the National University of Singapore (NUS), OCBC, the Singapore FinTech Association (SFA), Standard Chartered Bank, UOB, and XL Ventures.īy bringing together a diverse group of sustainability and finance experts from the private sector, public service, academia, and civil society, the Board reflects the integrative approach that is needed to facilitate trusted and efficient flows of environmental, social and governance (ESG) data, and design data-driven solutions and financial instruments that can advance organisations’ decarbonisation agendas. 
Formation of the point carbon zero program advisory board These updates include the appointment of an Advisory Board to guide the Point Carbon Zero Program’s ecosystem engagement strategy and initiatives the launch of a Climate Finance Accelerator to provide climate fintech firms and startups with mentorship and funding opportunities to scale market-ready solutions and the onboarding of several high-growth technology firms to Google Cloud to build their digital offerings using carbon neutral cloud infrastructure and services. Today at Singapore FinTech Festival 2022, Google Cloud announced three key updates under the Point Carbon Zero Program, which was jointly launched in July with the Monetary Authority of Singapore (MAS) to catalyze the incubation and adoption of climate fintech solutions in Asia over the next three years.
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