your support in rallying start - ups in your networks to submit their proposed solutions. we encourage the financial sector and corporates to work in tandem with mas ’ green finance efforts. on this front, we have seen encouraging developments even in recent 10. months. global banks like deutsche bank and jpmorgan have pledged to increase sustainable financing flows. the national university of singapore ( nus ) became the first university in asia to issue a green bond, working with ocbc and dbs bank. nus issued s $ 300 million to finance projects targeted at green buildings, renewable energy, and sustainable management of water and land. capitaland raised s $ 1. 5 billion through sustainable finance this year, including a s $ 500 million sustainability linked loan from uob, the singapore real estate sector ’ s largest issuance, two weeks ago. 2 / 4 bis central bankers'speeches investing in sustainability and impact moving beyond bonds and loans, asset managers should seize this opportunity to launch robust green and sustainability focused fund strategies, in anticipation of rising demand from investors in a post - covid - 19 world. 11. global investments that factor in environmental, social and governance ( esg ) considerations have increased by 70 % between 2014 and 20185. the momentum will likely persist, with early indications that corporates with good esg ratings are exposed to less systemic risks and are more resilient to shocks. since the onset of covid - 19, 24 of 26 morningstar6 sustainable index funds outperformed their closest conventional counterparts, while global sustainable openended funds registered net inflows of us $ 40 billion in 1q 20207, over 40 % more yearon - year, despite a weakening in global market conditions. foundations, trusts, and family offices are also well placed to drive positive change through your investments and your business operations. impact investing serves to bridge 12. the gap between philanthropy and asset management. allocation to impact funds managed by private equity and venture capital managers will allow investors to make a positive impact, while generating market competitive financial returns. i am glad to see that avpn has dedicated a full day during this conference to impact investing, covering topics such as impact management and maximising social impact within 13. family offices. while impact investing is still a nascent development, there has been good progress. close to 100 asset managers and institutional investors have signed the operating principles for impact management, which provides a set of market standards on how to achieve measurable positive environmental and social

on and thank you each and every one of you, for inspiring in your own way and for being a role model. closing remarks 26. it is critical for us to diversify our workforce, especially since it has been shown over and over again that the best performing organisations are those who tap on all of their employees ’ talents, both men and women alike. in fact, according to another mckinsey report, gender - diverse companies are 15 % more likely to outperform their non - diverse counterparts. 2 27. we must do more in our own capacity to promote and encourage talent development in the financial sector, being an inspiration in our own way. not simply for the benefit of employers, but to allow every individual an equal opportunity to pursue their goals and dreams, and strive for their best. for the modern woman, and indeed all of us present here, there is no reason why we cannot have it all. 28. i look forward to listening to everyone ’ s views during the panel discussion later. thank you. mckinsey research, “ diversity matters ”. released in february 2015. bis central bankers ’ speeches