DBS appoints transition finance expert Ben Caldecott to help meet climate goals

The former COP26 strategy advisor to the British government will help the Singaporean bank work towards climate targets that include achieving net-zero emissions by 2050

Dr Ben Caldecott joins DBS Bank's Board Sustainability Committee (BSC) after an extensive academic and government career. He has previously joined Climate X's advisory board as well. Image: DBS

DBS Bank has appointed Dr Ben Caldecott as a non-director member of its board sustainability committee (BSC). 

Caldecott is founding director of the Oxford Sustainable Finance Group at the University of Oxford’s Smith School of Enterprise and the Environment, and is an associate professor of sustainable finance.

He will join a sustainability committee that includes chief executive Piyush Gupta and board members Chng Kai Fong, Judy Lee and Tham Sai Choy.

Caldecott brings experience in senior advisory roles with the UK Climate Change Committee and the Transition Plan Taskforce, which was established by HM Treasury earlier this year. He was previously the COP26 strategy advisor for finance for the UK Cabinet Office. 

He will help the bank work towards sustainability targets that include achieving net-zero emissions by 2050, and phasing out coal lending by 2039.

Caldecott has also joined the advisory board of Climate Impact X, a carbon credits marketplace co-launched by DBS earlier this year.

In a statement, DBS chief executive Piyush Gupta said, “DBS established a Board Sustainability Committee earlier this year. Ben’s insights and expertise will be of immense value as we continue to embed sustainability into our business.”

Did you find this article useful? Help us keep our journalism free to read.

We have a team of journalists dedicated to providing independent, well-researched stories from around the region on the topics that matter to you. Consider supporting our brand of purposeful journalism with a donation and keep Eco-Business free for all to read. Thank you.

Most popular

Featured Events

Publish your event

More from People

Youth Activist Speech
Youth should be involved in policy decisions that will dramatically impact their lives, says this 18-year-old climate activist. In this interview, she shares about the biggest environmental issues facing New Zealand, and what she’s doing to tackle them.
Joseph D'Cruz, chief executive, Roundtable on Sustainable Palm Oil (RSPO)
The former UN executive is three months into his role leading the Roundtable on Sustainable Palm Oil. He tells Eco-Business that the much-criticised industry needs to improve how it communicates the value of certified oil palm.
ComfortDelGro fleet
Jonathan Jong has replaced Jackson Chia as the transport firm's new sustainability lead. He joins ComfortDelGro as it announces the approval of its climate targets by the Science Based Targets Initiative.
leaf background pattern

Transforming Innovation for Sustainability Join the Ecosystem →

Strategic Organisations

ESG Book
City Developments Ltd