SMEs anchor Singapore’s shift to long-term carbon management

Associate Professor Zhang Weina (Department of Finance) commented on the 4th Singapore Business Carbon Report, which found that 74% of businesses — mainly SMEs — cut their emissions through the LowCarbonSG programme. Prof Zhang noted that sharper insights are helping companies act more effectively, and that digital technology has empowered the companies, some even leveraging the …

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Leading with Innovation: Rethinking Waste for a Sustainable Future

As Singapore contends with the prospect of Semakau Landfill reaching capacity, the imperative to re-examine waste management, recycling, and circular economy strategies has never been clearer. Speaking on CNA938 Rewind, Professor Johan Sulaeman, Director of SGFIN, highlighted that continued reliance on landfills is unsustainable. Progress lies in upstream interventions – from minimising waste generation and …

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Global heterogeneity in ETS rollouts and subsequent decarbonization outcomes

Adbi, A., Agarwal, S., & Natarajan, S. (2025). Global heterogeneity in ETS rollouts and subsequent decarbonization outcomes. Energy Economics, 132, 108921. https://doi.org/10.1016/j.eneco.2025.108921 This study explores how emissions trading schemes (ETSs) worldwide influence decarbonization. It finds that while ETSs can reduce carbon intensity, emissions, and boost renewable energy adoption, their effectiveness varies across countries. Key factors …

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sumit-agarwal-sgfin-leadership

Professor Sumit AGARWAL

MANAGING DIRECTOR Low Tuck Kwong Distinguished Professor of Finance and Professor of Real Estate, NUS Business School Professor of Economics, Faculty of Arts and Social Science President of Asian Bureau of Finance and Economic Research bizagarw@nus.edu.sg

NUS SGFIN Gallery Walk AY24/25

NUS SGFIN Gallery Walk | MSc SGF Capstone Projects AY24/25 13 Aug 2025 ⭐The best inspiration comes from those who lived through the journey before you ⭐ SGFIN’s Gallery Walk on 13 August 2025 showcased inspiring capstone projects from the graduating students in the MSc in Sustainable and Green Finance (MSc SGF) program, where seniors’ …

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Sustainability-linked finance: bridging nature disclosure gaps in Southeast Asia

SGFIN Director Professor Johan Sulaeman and Research Fellow Dr David Broadstock, together with two co-authors, contributed to this working paper, exploring the untapped potential of sustainability-linked finance (SLF) to address nature-related risks in Southeast Asia. As the region’s rich biodiversity faces increasing threats from deforestation, water stress, and land-use change, the paper presents the first …

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Bolstering the Singapore–Asia Taxonomy as a regional sustainable finance benchmark

In this article for East Asia Forum, Professor Johan Sulaeman (Director), Associate Professor Zhang Weina (Deputy Director) and Kim Seonghoon (Research Fellow) examine the Singapore–Asia Taxonomy for Sustainable Finance (SAT). The SAT has set rigorous standards for green and transition financing, establishing important benchmarks for ASEAN countries interoperable with the EU Taxonomy. To further its …

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