of an efficient and trusted carbon market. but there is a significant gap between data needs and data availability. the esg data acquisition process is often manual, tedious and costly. data verification is at a nascent stage. to build a credible esg data ecosystem, mas has launched a collaborative effort with the financial industry called project greenprint. project greenprint seeks to streamline the collection, access, and use of climate and sustainability data through four digital utilities : 3 / 4 bis - central bankers'speeches an esg registry of certifications an esg disclosure platform to facilitate reporting a digital marketplace to connect data users with esg solution providers a data orchestrator to aggregate esg data from multiple data sources globally, gfanz has formed the net zero data public utility to address issues such as data gaps, data accessibility, and data inconsistencies. it will complement existing climate data initiatives, promote the effective management of climate - related financial risks, facilitate robust sustainability reporting, and accelerate the formulation of credible transition plans. i have provided a quick overview of singapore's efforts in three key areas of transition financing - blended finance, carbon markets, and good - quality data. this afternoon, i will share some of the interesting and impactful work being done by the ngfs in the areas of blended finance, data, and capacity building. in all our efforts, i cannot emphasise enough the importance of collaboration and collective action. we have a common mission : to reduce global greenhouse gas emissions to net zero by 2050. but time is running out. we must act now, act fast, and act together. there has never been a greater opportunity for us to find common purpose, build solidarity, and ensure the sustainability of our planet and better lives for communities everywhere. thank you. 4 / 4 bis - central bankers'speeches

ravi menon : mas marks 50 years serving singapore welcome remarks by mr ravi menon, managing director of the monetary authority of singapore, at mas 50th anniversary partners appreciation evening, 7 october 2021. * * * prime minister lee hsien loong, chairman and board members of mas, esm goh chok tong, friends and family of mas welcome to the mas ’ 50th anniversary partners appreciation evening – the first in a series of events to commemorate our golden jubilee. this evening is a time for thanksgiving. there are about 50 of us here at the mas building and about 800 friends and family joining us virtually. this includes our friends from the financial industry, consumer and governance groups, tripartite partners, academic institutions, and international organisations. and of course, our family – past and present staff and leaders of mas and our colleagues in the broader public service. this is a special occasion for me personally. i joined mas in 1987 and have spent most of my professional career here. so much of what i have learnt and how i have evolved, i owe it to the many bosses and colleagues i worked with in mas over the years. mas was already a highly competent organisation in 1987, and i have seen it grow over the decades to become what it is today – a central bank and financial regulator highly regarded among its international peers and the global financial industry. mas has played a critical role in singapore ’ s economic development – keeping inflation low, managing singapore ’ s official foreign reserves, preserving financial stability, and promoting singapore ’ s development as an international financial centre. what mas has achieved reflects the strategic vision of its past leaders – its chairmen and managing directors – and deep professionalism of generations of mas officers. they worked hard, to keep our exchange rate strong, our reserves healthy, and our financial sector safe yet dynamic. mas was fortunate in the outstanding leaders it has had. this evening, we are honoured to have one of them, pm lee address us. pm has a long history with mas. this is the third time he is speaking at a mas anniversary ; he spoke to us when we were 30 years old, then 40 years, and now when we ’ re 50. and of course, pm was chairman of mas from 1998 to 2004, when he spearheaded a series of bold reforms to liberalise the financial sector. but mas could not have done it alone – even with its exceptional staff and outstanding leaders. 1 / 3 bis central bankers'speeches mas has succeeded because singapore has succeeded. if