The deputy director of the Monetary Authority of Singapore’s (MAS) sustainability group, Pongsiri Vorapongse, has joined Thai financial technology group SCBX as its head of sustainability strategic intelligence.
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Based in Bangkok, Pongsiri joins to help drive SCBX’s commitment to achieve net zero emissions across its lending and investment portfolio by 2050, and in its own operations by 2030, made in 2022.
SCBX is the fintech business group of companies including Siam Commercial Bank, InnovestX Securities and Purple Ventures.
Pongsiri’s role will involve formulating decarbonisation and sustainable finance strategies to guide SCBX towards its net zero targets. The group has set out to decarbonise by investing in clean energy, smart building management, and electric vehicles. It has also prioritised lending to businesses looking to focus on cutting emissions.
Pongsiri comes on board after more than two years with MAS, Singapore’s central bank and regulator, where he helped to develop the Finance for Net Zero Action Plan, which looks at working with the finance industry on net zero transition plans and Asia-contextualised decarbonisation pathways.
Prior to MAS, Vorapongse worked for seafood company Thai Union, where he was sustainability reporting manager. He has also worked for Thailand’s foreign affairs ministry.
