LSEG launches sustainable finance innovation unit in Singapore
London Stock Exchange Group (LSEG) today announced the launch of a dedicated sustainable finance innovation unit in Singapore. Part of its new LSEG Labs network, the unit will be focused on creating sustainable finance capabilities to accelerate innovation and advanced technology across the country’s fintech ecosystem, supported by the Monetary Authority of Singapore (MAS).
With locations in London and Singapore, LSEG Labs collaborates with LSEG’s customers and partners around the world to apply strategic analysis, emerging technology, data science and design thinking to solve pressing problems faced by the financial industry.
The Singapore-based sustainable finance unit provides a strong combination of data science, data engineering, design thinking and Environmental, Social and Governance (ESG) expertise. The multidisciplinary team will work closely with key players in Singapore and global financial institutions, corporates, universities and industry associations.
Sitting at the intersection of data, emerging technology and sustainability the team will create value by solving challenges for market participants across financial markets, such as accelerating investment into green infrastructure projects, measuring climate risks and making ESG disclosure quicker and easier.
“We are excited to gain the backing of MAS to support the business, finance and investor community in accelerating the transition to a net-zero, sustainable economy. This is a powerful initiative given both of our positions at the heart of international capital markets and our combined focus on innovation and global collaboration in sustainable investment and finance,” said David Harris, Global Head of Sustainable Finance, Data & Analytics at LSEG.
“LSEG Labs combine our multi-disciplinary innovation process with an open approach to partnership. By focusing on opportunities like sustainable finance that span LSEG’s three business divisions – Data & Analytics, Capital Markets and Post-Trade – we will be able to deliver transformational customer experiences,” said Geoff Horrell, Group Head of Innovation at LSEG.