The Monetary Authority of Singapore (MAS) has announced the formation of a new sustainability group and the appointment of Dr Darian McBain as chief sustainability officer, with effect from October 1.
The new sustainability group helmed by McBain will steer sustainability efforts across MAS and help the organisation build deeper capabilities in this area.
The new group will coordinate MAS’ green finance and sustainability agenda. This 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.
McBain has more than 20 years of deep experience in sustainability roles spanning across various sectors. She was most recently chief sustainability officer in Thai Union Group, a leading seafood supplier conglomerate.
McBain holds a PhD in social indicators for global supply chain analysis and a Masters in business strategy, politics and environment, and was recently named as a United Nations Sustainable Development Goal Pioneer for the environmental initiatives she has spearheaded.
She will report to Ho Hern Shin, deputy managing director (financial supervision) and Leong Sing Chiong, deputy managing director (markets and development). McBain will set the agenda for MAS’ Green Finance Steering Committee chaired by Ravi Menon, MAS’ managing director.
“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,” says Menon in a statement released by MAS on September 7.