DBS Bank has hired Jaclyn Yeo as vice president of sustainability reporting.
Her role will include measuring and managing the environmental and social impact of Southeast Asia largest bank, which published its first standalone sustainability report in 2018.
Yeo joins DBS after almost four and half years with professional services firm Marsh & McLennan, where she was research manager.
“As a firm believer in sustainable development and investing for climate resilience, I find myself fortunate to have joined the team on their journey to becoming a leader in sustainability,” Yeo said.
DBS is one of Asia’s most visible banks on the sustainability scene. It is a member of the RE100 companies committed to using renewable energy, and signed up for the Equator Principles on responsible infrastructure lending last year. DBS was the first Southeast Asian bank to launch a climate policy, but continues to be targeted by green groups for funding coal-fired power stations in Asia.
DBS’s latest sustainability report, titled Purpose-driven bank, stated that growing income inequality and climate change are the two major issues facing society, and highlighted the progress of the bank’s programmes in responsible banking, responsible business practices and creating social impact.
Over her career, Yeo, has also worked at the Cambridge Judge Business School’s Centre for Risk Studes in the United Kingdom as a risk researcher, and environmental services firm DHI.
She replaces former head of sustainability reporting Tan Chee Wee, who has moved on after more than two years with DBS to join Asian Infrastructure Investment Bank.
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