The Monetary Authority of Singapore (MAS) has formed a new Sustainability Group and hired Darian McBain as chief sustainability officer.
McBain joins MAS on 1 October. The new Sustainability Group led by McBain will steer sustainability efforts across MAS and help the organisation build deeper capabilities. The 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; and reduce MAS' own carbon and environmental footprint."
McBain has more than 20 years of experience in sustainability roles spanning across various sectors. She was most recently chief sustainability officer in Thai Union Group, a seafood supplier conglomerate. She holds a PhD from the University of Sydney 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.
McBain 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, managing director, MAS.
"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," Menon said. "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."