Project NovA!

A whitepaper on accelerating sustainability through AI in the real estate sector

Unveiled in 2021 as part of Singapore’s National AI Programme in Finance, NovA! aims to empower the financial services sector with artificial intelligence (AI)-driven sustainability insights, enabling more impactful and effective decision making. Spearheaded by the Monetary Authority of Singapore (MAS) and the Smart Nation Digital Government Office (SNDGO), PwC served as the project consultant, in collaboration with a host of industry experts.

At the Singapore FinTech Festival 2023, the NovA! consortium launched a minimum viable product (MVP) that can help banks leverage AI when issuing sustainability-linked loans (SLLs) in the real estate sector. This whitepaper elaborates how the developed MVP can enable banks to play an important role in facilitating sustainable finance to create tangible sustainability impact.

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Contact us

Charles Loh

Charles Loh

Singapore Consulting Leader, PwC Singapore

Tel: +65 9735 2389

Parul Munshi

Parul Munshi

Workforce Transformation and Regional Sustainability Consulting Leader, South East Asia Consulting, PwC Singapore

Tel: +65 9660 5011

Karan Dhanwani

Karan Dhanwani

Director, South East Asia Consulting, PwC Singapore

Tel: +65 9825 1622