Standards Comparison

    LEED

    Voluntary
    1998

    Global green building rating and certification framework

    VS

    MAS TRM

    Mandatory
    2021

    Singapore guidelines for financial technology risk management

    Quick Verdict

    LEED provides voluntary green building certification for global real estate, driving sustainability and market value. MAS TRM mandates technology risk controls for Singapore FIs, ensuring cyber resilience amid digital threats.

    Green Building

    LEED

    Leadership in Energy and Environmental Design

    Cost
    €€€
    Complexity
    High
    Implementation Time
    18-24 months

    Key Features

    • Third-party GBCI verification for credible certification
    • 110-point system with tiered levels (Certified-Platinum)
    • Mandatory prerequisites plus elective performance credits
    • Tailored rating systems for building types and phases
    • Weighted categories prioritizing Energy and Atmosphere
    Technology Risk Management

    MAS TRM

    MAS Technology Risk Management Guidelines (2021)

    Cost
    €€€€
    Complexity
    High
    Implementation Time
    12-18 months

    Key Features

    • Board and senior management accountability for TRM
    • Risk-based proportionality for controls and testing
    • Third-party risk assessment and ongoing monitoring
    • Annual penetration testing for internet-facing systems
    • Comprehensive cyber resilience and incident response

    Detailed Analysis

    A comprehensive look at the specific requirements, scope, and impact of each standard.

    LEED Details

    What It Is

    Leadership in Energy and Environmental Design (LEED) is a voluntary, third-party verified green building certification framework developed by USGBC. It provides a performance-based rating system for sustainable design, construction, operations, and communities across building lifecycles. Primary purpose: reduce environmental impacts while enhancing health, efficiency, and cost savings through holistic, point-based methodology.

    Key Components

    • Core categories: Sustainable Sites, Water Efficiency, Energy & Atmosphere (35 points), Materials & Resources, Indoor Environmental Quality, Innovation, Regional Priority.
    • Up to 110 points total; prerequisites (mandatory baselines) plus elective credits.
    • Rating systems: BD+C, ID+C, O+M, ND, Residential, Cities.
    • Certification tiers: Certified (40-49), Silver (50-59), Gold (60-79), Platinum (80+).

    Why Organizations Use It

    Drives operating savings (20-30% energy), asset value premiums (5-7%), ESG compliance, risk mitigation, and market differentiation. Builds stakeholder trust via verified claims; aligns with regulations/incentives.

    Implementation Overview

    Phased approach: registration (Arc/LEED Online), scorecard, documentation, GBCI review. Applies to all building sizes/types globally; requires commissioning, M&V, recertification for O+M. Involves integrated teams, modeling, and audits.

    MAS TRM Details

    What It Is

    MAS Technology Risk Management (TRM) Guidelines (January 2021) are supervisory guidelines from Singapore's Monetary Authority of Singapore (MAS) for financial institutions (FIs). This risk-based framework promotes sound practices for managing technology and cyber risks across governance, operations, and resilience, emphasizing proportionality to FI complexity.

    Key Components

    • Covers 15 sections: governance, asset management, SDLC, IT services, resilience, access controls, cryptography, cyber operations, testing, and audit.
    • No fixed control count; focuses on defence-in-depth, CIA triad (confidentiality, integrity, availability).
    • Core principles: board accountability, independent oversight, continuous improvement.
    • Compliance via supervision, no formal certification.

    Why Organizations Use It

    • Mandatory for Singapore FIs to avoid fines, license actions.
    • Enhances resilience, reduces systemic risks, builds trust.
    • Strategic enabler for digital transformation, ERM integration.

    Implementation Overview

    • Phased: governance setup, asset inventory, controls, testing, monitoring.
    • Applies to banks, insurers, fintechs in Singapore.
    • Involves audits, board reporting; 12-18 months typical.

    Key Differences

    Scope

    LEED
    Green building design, operations, certification across categories like energy, water, IEQ
    MAS TRM
    Technology/cyber risk governance, controls, resilience for financial IT systems

    Industry

    LEED
    Global building/real estate, all sectors, new/existing buildings
    MAS TRM
    Singapore financial institutions (banks, insurers, fintechs)

    Nature

    LEED
    Voluntary third-party certification rating system
    MAS TRM
    Supervisory guidelines with enforcement via supervision/fines

    Testing

    LEED
    Commissioning, performance verification, GBCI review
    MAS TRM
    Annual PT for internet systems, VA, red teaming, DR tests

    Penalties

    LEED
    Certification denial/revocation, no legal fines
    MAS TRM
    Fines, license revocation, executive prohibitions

    Frequently Asked Questions

    Common questions about LEED and MAS TRM

    LEED FAQ

    MAS TRM FAQ

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