DBS Financial institution has appointed Shilpa Gulrajani as head of sustainability of its institutional banking group.
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Gulrajani joins DBS, Southeast Asia’s largest financial institution, after greater than 20 years with French lender BNP Paribas, the place latterly she was head of company growth and sustainability for Asia Pacific.
In her new function, she will probably be main the financial institution’s sustainable finance enterprise within the area, which is able to contain driving environmental, social and governance (ESG) enterprise origination, in addition to advisory and financing options to assist corporations transition to internet zero.
DBS grew to become Southeast Asia’s first financial institution to replace its coal coverage to permit for the managed phase-out of coal-fired energy crops in March, amid rising scrutiny for the climate-vulnerable area’s lenders to cease financing fossil fuels.
Gulrajani will co-lead the financial institution’s work on the Singapore-Asia Taxonomy for Sustainable Finance, a regional guiding framework that Singapore’s central financial institution has launched to assist companies and monetary establishments handle local weather dangers. The taxonomy helps to outline transition actions and goals to offer a reputable framework to section out coal crops within the area.
Gulrajani began her banking profession in 2002 with Citigroup in India. In 2004, she joined BNP Paribas as head of enterprise growth in 2004, and labored in funding banking and technique roles earlier than pivoting to sustainability in 2021.
She joins DBS seven months after the departure of Yulanda Chung, who stepped down as head of sustainability for institutional banking and head of sustainable finance after six and a half years with the financial institution. Chung is now the advisor to the Local weather Susceptible Discussion board, a world partnership of nations which can be disproportionately affected by the results of local weather change.
