Singapore MAS Setup Sustainability Group, Appoints Dr Darian McBain as Chief Sustainability Officer
10th September 2021 | Singapore
Singapore central bank Monetary Authority of Singapore (MAS) has announced the setup of a new Sustainability Group and appointed Dr Darian McBain as Chief Sustainability Officer with effect from 1st October 2021. Dr McBain has more than 20 years of experience in sustainability, and was the Chief Sustainability Officer at Thai Union Group and recently named as United Nations Sustainable Development Goal Pioneer for the environmental initiatives she has spearheaded. Dr McBain holds a PhD in social indicators for global supply chain analysis and a Masters in business strategy, politics and environment. Dr McBain will report to Ho Hern Shin (Deputy Managing Director, Financial Supervision) and Leong Sing Chiong (Deputy Managing Director, Markets and Development) and will set the agenda for MAS’ Green Finance Steering Committee chaired by Ravi Menon (Managing Director).
“ Singapore MAS Setup Sustainability Group, Appoints Dr Darian McBain as Chief Sustainability Officer “
The Singapore MAS Sustainability Group
The Singapore MAS Sustainability Group will steer sustainability efforts across MAS and build deeper capabilities. The new group will coordinate MAS’ green finance and sustainability agenda:
- Strengthen the financial sector’s resilience against environmental risks
- Develop a vibrant green finance ecosystem to support Asia’s transition to a low-carbon future
- Identify strategic green finance collaborations with regional and international counterparts
- Reduce MAS’ own carbon and environmental footprint.
Monetary Authority of Singapore (MAS) Managing Director Ravi Menon:
“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.
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.”
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About Monetary Authority of Singapore
The Monetary Authority of Singapore (MAS) is Singapore’s central bank and integrated financial regulator. The Monetary Authority of Singapore (MAS) promotes sustained, non-inflationary economic growth through appropriate monetary policy formulation and close macroeconomic surveillance of emerging trends and potential vulnerabilities.
As an integrated financial supervisor, MAS fosters a sound financial services sector through its prudential oversight of all financial institutions in Singapore – banks, insurers, capital market intermediaries, financial advisors, and stock exchanges. It is also responsible for well-functioning financial markets, sound conduct, and investor education.
MAS also works with the financial industry to promote Singapore as a dynamic international financial centre. It facilitates the development of infrastructure, adoption of technology, and upgrading of skills in the financial industry.