Mikkel Larsen, Interim CEO of Climate Impact X and Chief Sustainability Officer of DBS speaking at the announcement of Climate Impact X
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.







SGX, DBS, Standard Chartered & Temasek Launch New Global Exchange for Carbon Credits

21st May 2021 | Singapore

Singapore Exchange (SGX), DBS, Standard Chartered and Singapore’s sovereign wealth fund Temasek, have launched a global exchange and marketplace for carbon credits.  The joint venture called Climate Impact X (CIX), will be a global exchange and marketplace for high-quality carbon credits.

“SGX, DBS, Standard Chartered &  Temasek Launch New Global Exchange for Carbon Credits”

 

- Article continues below -
Web links may be disabled on mobile for security.
Please click on desktop.





The 2023 Investment Day | HK & SG
Where do you invest $250k, $1 million, $10 million, $100 million or $1 billion? Can you generate IRR of 10% / 15% / 20% or more? Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 28th March 2023 in Hong Kong, 4th April 2023 in Singapore, and Virtual Investment Day in April 2023.
Visit | Register here





Climate Impact X – Platform for Carbon Credits

Climate Impact X

To be launched by the end of 2021, Climate Impact X (CIX) will provide platforms and products for buyers and sellers of carbon credits.  

The Exchange platform on CIX will allow multinational corporations (MNCs) and institutional investors to buy and sell large-scale high-quality carbon credits through standardised contracts.

The Project Marketplace on CIX will allow corporates to participate in the carbon market, providing solutions such as the Natural Climate Solutions (NCS) projects to meet their sustainability objectives.  Through the Project Marketplace, corporates will be supported by environmental impact, risk and pricing data. 

 

Initial Focus of Climate Impact X

Malaysia Plantation

The initial focus of Climate Impact X will be on Natural Climate Solutions (NCS), which involve protection and restoration of natural ecosystems such as forests, wetlands and mangroves.  Natural climate solutions are cost effective and provide significant benefits by supporting biodiversity and generating income for local communities.  

Asia houses 1/3 of global supply potential and is therefore one of the largest suppliers of NCS globally.  Climate Impact X will feature carbon credits from NCS projects around the world on the platform and is also in conversations with global rating agencies to provide independent ratings to these projects. 

 

Climate Impact X – Launch Conference

left to right – Herry Cho (SGX), Piyush Gupta (DBS), Loh Boon Chye (SGX), Bill Winters (Standard Chartered) and Rohit Sipahimalani (Temasek)

At the launch of Climate Impact X were key stakeholders, including Interim CEO of Climate Impact X and DBS Chief Sustainability Officer Mikkel Larsen, DBS CEO Piyush Gupta, Standard Chartered Group CEO Bill Winters, Temasek Chief Investment Strategist Rohit Sipahimalani, SGX CEO Loh Boon Chye and SGX Head of Sustainability and Sustainable Finance Herry Cho.

  • Interim CEO of Climate Impact X and DBS Chief Sustainability Officer, Mikkel Larsen
  • SGX Head of Sustainability and Sustainable Finance, Herry Cho
  • DBS Chief Executive Officer, Piyush Gupta
  • SGX Chief Executive Officer, Loh Boon Chye
  • Standard Chartered Group Chief Executive, Bill Winters
  • Temasek Chief Investment Strategist, Rohit Sipahimalani

 

Climate Impact X, Headquartered in Singapore

Climate Impact X Founders

Climate Impact X will be headquartered in Singapore.  The joint operation of CIX by SGX, DBS, Standard Chartered and Temasek will be subject to all required regulatory approvals and consents.

Singapore Exchange is a leading exchange based in Singapore, providing listing, trading, clearing, settlement, depository and data services in securities, derivatives, currency and commodity market. 

DBS is a leading financial services group in Asia with a presence in 18 markets and Standard Chartered is a leading international banking group, with a presence in 59 of the world’s most dynamic markets, and serving clients in a further 85 markets. 

Temasek is the sovereign wealth fund of Singapore, and an investment company with a net portfolio value of S$306 billion (US$214 billion) as at 31 March 2020.

 

Climate Impact X – International Advisory Council

Singapore | Leading financial centre in Asia

Climate Impact X will be guided by an International Advisory Council – an independent expert body comprising non-governmental organisations, leading corporates and project developers, and academics and thought leaders.

CIX will also work with an ecosystem of global partners and international working groups, including the Taskforce on Scaling Voluntary Carbon Markets (TSVCM) and the Natural Climate Solutions Alliance, to align on leading standards for quality and integrity.

 

Mikkel Larsen, Interim CEO of Climate Impact X and Chief Sustainability Officer of DBS
Interim CEO of Climate Impact X and DBS Chief Sustainability Officer, Mikkel Larsen:

“Climate Impact X will provide a solution for corporates to address unavoidable carbon emissions in the near term and propel the development of new carbon credit projects worldwide. With an initial focus on Natural Climate Solutions, the carbon credits will also create impetus to address another grave risk of biodiversity loss and help serve local communities.

CIX will build on collective action by global governments, corporates and individuals to achieve a net-zero economy.  By facilitating a well-functioning marketplace with strong impact and risk data, CIX will enable efficient price discovery and catalyse the development of new projects.”

 

DBS Chief Executive Officer, Piyush Gupta:

“It is becoming increasingly apparent that the world requires a carbon market of the highest international standards. As a leading global financial and trading hub, supported by strong regulatory frameworks, Singapore is well placed to lead such sustainability efforts. 

To catalyse the development of new carbon credit projects, there is a need for more high-quality carbon credits and the active cross border trading of such credits to drive global price transparency.   We look forward to galvanising change by gathering like-minded industry leaders to a centralised world-class platform, scaling the global voluntary carbon market and expediting the transition to a low-carbon economy.”

 

SGX Chief Executive Officer, Loh Boon Chye:

“ SGX serves the ecosystem as a leading sustainable and transition financing and trading hub. Climate action is a key priority for us and we support internationally accepted carbon mitigation hierarchies. From avoiding and reducing emissions within companies’ operations and value chains, to using renewable energy sources wherever possible and finally neutralising and compensating for hard-to-abate emissions, we will work with our ecosystem throughout this journey. 

Climate Impact X will be an integral part of this vision, backed by SGX’s track record as a major price discovery venue for global commodities and Singapore’s strong and trusted financial infrastructure.”

 

Standard Chartered Group Chief Executive, Bill Winters:

“Standard Chartered operates in many of the world’s fastest-growing economies across Asia, Africa and the Middle East, which are home to a high proportion of the world’s natural climate solutions. To meet our shared climate objectives, we need to see a significant capital shift to these markets to protect nature and enable a sustainable low-carbon transition. 

Voluntary carbon markets are necessary to accomplish this transfer efficiently and, as set out in the work of the Taskforce on Scaling Voluntary Carbon Markets, we must agree to a consistently high standard of carbon credits for this market to be credible and effective. This is the decade for action, and we are confident that Climate Impact X will play a critical role in aligning the planet’s emissions profile to a net-zero future.”

 

Temasek Chief Investment Strategist, Rohit Sipahimalani:

“Temasek is committed to generating positive impact on people and the planet through our global investments. We provide capital to catalyse new ideas and solutions. 

Climate Impact X aligns with our commitment to invest in businesses that will yield positive climate benefits as well as developments in their broader ecosystems for the long term.  We are pleased that the platform will help organisations to address their carbon footprints through both market and natural climate solutions.”

 

Related:

 

About Climate Impact X

Climate Impact X (CIX) will be a Singapore-based global carbon exchange and marketplace that aims to scale the voluntary carbon market. CIX will connect an ecosystem of partners, leveraging satellite monitoring, machine learning and blockchain to enhance transparency, integrity and quality of carbon credits. This will empower corporations to take effective action and complement carbon reduction efforts as part of a holistic climate mitigation strategy. CIX will offer distinct platforms and products that will cater to the needs of different carbon credit buyers and sellers.

The Exchange will facilitate the sale of large-scale high-quality carbon credits through standardised contracts – catering primarily to MNCs and institutional investors. The Project Marketplace will offer a curated selection of NCS projects that can meet corporate sustainability objectives. Each project on the Project Marketplace will be supported by transparent impact, risk and pricing data.

For more information, please visit www.climateimpactx.com




Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below








Caproasia Users

  • Manage $20 million to $3 billion of assets
  • Invest $3 million to $300 million
  • Advise institutions, billionaires, UHNWs & HNWs

Caproasia Platforms | 10,000 Investors & Advisors

Monthly Roundtable & Networking

Family Office Programs

The 2023 Investment Day

  • 28th March 2023 - Hong Kong
  • 4th April 2023 - Singapore
  • April 2023 - Virtual
  • Sept 2023 - Hong Kong
  • Oct 2023 - Singapore
  • Oct 2023 - Hong Kong
  • Visit: The Investment Day | Register: Click here

Caproasia Summits

Contact Us

For Enquiries, Membership
mail@caproasia.com, angel@caproasia.com

For Listing, Subscription
mail@caproasia.com, claire@caproasia.com

For Press Release, send to:
press@caproasia.com

For Events & Webinars
events@caproasia.com

For Media Kit, Advertising, Sponsorships, Partnerships
angel@caproasia.com

For Research, Data, Surveys, Reports
research@caproasia.com

For General Enquiries
mail@caproasia.com





Make Better Business & Investment Decisions



For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    Professional InvestorInstitutional InvestorFamily OfficeAdvisorFinancial ProfessionalExecutiveOthers


    Mailing ListFree TrialSubscription YearlySubscription MonthlyMembershipEvents


    Professional InvestorPrivate WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights











    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014


    Web links may be disabled on mobile for security.
    Please click on desktop.






    Previous articleDeutsche Bank Survey: 75% of Private Bank Clients View Investments Should Have Positive Impact to the World
    Next articleNomura, UBS and Unicredit Fined $451 Million for Rigging European Bond Prices
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia