Executive moves: DBS taps sustainable finance expert for board sustainability committee

Green shoots. Photo by Markus Spiske on UnsplashGreen shoots. Photo by Markus Spiske on Unsplash

DBS Group has appointed Ben Caldecott to its board sustainability committee (BSC) as a non-director member, the bank said in a filing to SGX Wednesday.

Caldecott is the founding director of the Oxford Sustainable Finance Group at the University of Oxford
Smith School of Enterprise and the Environment, the filing said. Caldecott is also the inaugural Lombard Odier Associate Professor of Sustainable Finance at the University of Oxford, DBS said, noting it is the first endowed professorship of sustainable finance.

Other roles he holds include being an advisory board member of Climate Impact X, a joint venture between DBS, Singapore Exchange (SGX), Standard Chartered Bank and Singapore’s state-owned investment company Temasek Holdings, the filing said.

The BSC is chaired by DBS CEO Piyush Gupta, and its members include current DBS board members Chng Kai Fong, Judy Lee and Tham Sai Choy, the filing said.

Gupta noted the BSC was established to highlight that sustainability is a “strategic imperative” for the bank.

“As a leading global thinker in the field of sustainability finance, Ben’s insights and expertise will be of immense value as we continue to embed sustainability into our business. I look forward to working with him as DBS pushes ahead with helping our clients transition to a lower-carbon economy and realising a sustainable future,” Gupta said in the statement.