This policy was launched by the Monetary Authority of Singapore and issued by the Green Finance Industry Taskforce in December 2023. The Taxonomy sets out thresholds and criteria for defining green transition activities that contribute to climate change mitigation across eight sectors. The Taxonomy also serves as a guide for market participants such as asset owners, investment managers, financial institutions, as well as issuers, policymakers, regulators, and other stakeholders to identify and allocate capital to green transition projects.