Tokyo-based banking group Mitsubishi UFJ Monetary Group (MUFG) has introduced the appointment of renewable power finance veteran Stephen Jennings as Chief Sustainability Officer for the agency’s EMEA area.
With a deal with how MUFG can assist purchasers with their power transition in EMEA, in his new function, Jennings will likely be accountable for growing and enhancing MUFG EMEA’s total sustainability technique in addition to chairing the Sustainability Committee and main deployment of the technique throughout EMEA international locations and coordination with MUFG Group.
The institution of the brand new function follows the launch final yr by MUFG of a sequence of sustainability-related initiatives, together with practically tripling its 2030 sustainable finance aim to 100 trillion yen (USD $691 billion) from its prior 35 trillion yen goal.
Hideaki Takase, MUFG Group Chief Technique Officer, stated:
“Sustainability stays a core element of MUFG’s marketing strategy and we proceed to work to strengthen our initiatives on this space and drive social and environmental progress. The appointment of a Chief Sustainability Officer for EMEA additional demonstrates our international dedication.”
Jennings joined MUFG in 2008, and has been serving as Head of Vitality Structured Finance, EMEA and Head of Sustainable Enterprise Division, EMEA, which he’ll retain as he takes on his new function. Previous to becoming a member of MUFG, he labored as Barclays as Director, Head of Renewables Mission Finance.
As well as, MUFG introduced that Cathryn Kelly, now head of the agency’s Credit score Technique Group, will develop into Deputy Chief Sustainability Officer for EMEA, in addition to retaining her present function. Kelly started working at MUFG in 2009, serving in a wide range of roles in enterprise threat administration.
MUFG Group Chief Technique Officer, and EMEA Regional CEO, Conceal Yamamura stated:
“Appointing Stephen and Cathryn exhibits our dedication to accelerating our progress in sustainability, not solely inside our personal operations but in addition by persevering with to work constructively with our many stakeholders to advertise sustainability within the EMEA area.”
