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Singapore regulator forms new sustainability group

The Monetary Authority of Singapore (MAS) has hired a new sustainability chief to spearhead a new unit from October.
Singapore skyline

Singapore’s financial watchdog has appointed Darian McBain as chief sustainability officer as part of efforts to deepen its capabilities in this growing area.

McBain was most recently chief sustainability officer in Thai Union Group and has over 20 years of experience in sustainability roles.

“The formation of the sustainability group reflects MAS’ commitment to embed climate change and environmental sustainability across its roles as a financial regulator, as a promoter of the financial sector and as an organisation,” said Ravi Menon, managing director of MAS.

“Green finance and climate resilience are growing areas of priority for MAS and we are pleased to have Darian join us and lead our efforts in these areas.”

McBain will set and coordinate the green finance and sustainability agenda for MAS’ Green Finance Steering Committee, chaired by Menon.

That includes strengthening the financial sector’s resilience against environmental risks, developing a vibrant green finance ecosystem to support Asia’s transition to a low-carbon future, identifying strategic green finance collaborations with regional and international counterparts, and reducing MAS’ own carbon and environmental footprint, according to the regulator.

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