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.”

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