Singapore Exchange Group has tied up with MOBILIST, a program by the U.K. government’s Foreign Commonwealth & Development Office (FCDO), which aims to use public capital markets to support sustainable environmental, social and economic (ESG) development in Asia.
The MOBILIST program is aimed at supporting new issues through equity capital, technical assistance funding and enhanced visibility via U.K. government platforms, the entities said in a filing to SGX.
The program provides funding and technical support to new securities issuers which are aligned with the U.N. Sustainable Development Goals (SDGs) in emerging and frontier markets, the filing said. The program identifies and supports new, scalable and commercially viable investment products seeking a public listing on major global exchanges, such as SGX, the statement said.
“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,” the entities said.
The Rt Hon Elizabeth Truss MP, who is Secretary of State for Foreign, Commonwealth and Development
Affairs in the U.K. government, said in the statement: “Singapore Exchange Group exemplifies the strength and depth of Asian markets as a source of honest, reliable development and climate finance. The U.K. 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, CEO of SGX Group, said the public and private sectors needed to work together to finance solutions to 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,” Loh said in the statement.
“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,” he added.
MOBILIST stands for Mobilising Institutional Capital Through Listed Product Structures.