MAS Forms Sustainability Group, Appoints Chief Sustainability Officer

The Monetary Authority of Singapore (MAS) announced the formation of a new Sustainability Group, along with the appointment of Dr. Darian McBain as the Chief Sustainability Officer, with effect from October 01, 2021. The new group will coordinate green finance and sustainability agenda of MAS to strengthen the resilience of financial sector 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. The new Sustainability Group will steer sustainability efforts across MAS and help the organization to build deeper capabilities in this multi-faceted area. The newly appointed officer Dr. McBain will set the agenda for the Green Finance Steering Committee of MAS, which is chaired by Mr. Ravi Menon, the Managing Director of MAS.

Michael Denton, PhD, PE

Dr. Denton provides industry leadership in the quantification of sustainability issues, climate risk, trade credit and emerging lending risks. His deep foundations in market and credit risk provide critical perspectives on how climate/sustainability risks can be measured, communicated and used to drive commercial opportunities, policy, strategy, and compliance. He supports corporate clients and financial institutions in leveraging Moody’s tools and capabilities to improve decision-making and compliance capabilities, with particular focus on the energy, agriculture and physical commodities industries.

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