The Singapore Code of Conduct (“Code”) for ESG Rating and Data Product Providers (“Providers”) was co-created by the Monetary Authority of Singapore (''MAS'') with industry players, and aims to establish baseline industry standards of transparency in methodologies and data sources, governance, and management of conflicts of interest that may compromise the reliability and independence of the products. It builds upon the International Organisation of Securities Commissions' (IOSCO) recommendations for good practices.

Please refer to the MAS website here for further details on the Code and the Checklist, as well as MAS’ response to the public consultation.

Providers are encouraged to disclose their adoption of the Code by publishing their completed Checklists within 12 months of publication of the Code and informing ICMA via SingaporeESGCode@icmagroup.org.


List of Providers who adopt the Code with third party audit conducted*

Providers who have confirmed their adoption of the Code with third party audit conducted are listed below (links to the providers’ completed attestation checklists will be added once available).


List of Providers who adopt the Code without third party audit conducted*

Providers who have confirmed their adoption of the Code without third party audit conducted will be listed here (links to the providers’ completed attestation checklists will be added once available).


*Please note that ICMA does not investigate or confirm adoption of the Singapore Code of Conduct for ESG rating and data product providers, nor does it recommend, endorse or make any representations regarding the ESG rating and data product providers listed above.

For further information, please contact ICMA via SingaporeESGCode@icmagroup.org.

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