Sumitomo Mitsui Banking Corporation appoints Ghislaine Nadaud as first Asia Pacific head of ESG

A woman enters a Sumitomo Mitsui Banking Corp. branch in Tokyo, Japan, on Tuesday, Nov. 5, 2013. Sumitomo Mitsui Financial Group Inc., Japan's second-biggest bank by market value, raised its annual profit forecast 29 percent after gains in fee income and the value of its stock holdings boosted first-half earnings. Photographer: Kiyoshi Ota/Bloomberg

2018 0703 SMBC logo 150 x 253Sumitomo Mitsui Banking Corporation (SMBC), one of Japan’s largest banks, has appointed Ghislaine Nadaud as director of environmental, social and governance (ESG) solutions for Asia Pacific.

Nadaud takes on the newly created position after a brief stint with the United Nations as a sustainable financing consultant.

She will be based in Singapore, a regional hub for the bank’s sustainable finance initiatives, and joins to lead and drive SMBC’s ESG ambitions. Prior to consulting to the UN, Nadaud led ABN AMRO’s Asia Pacific sustainability function, but moved on after the Dutch multinational scaled back operations in the region in August in response to tough economic conditions brought on by the Covid-19 pandemic.

Nadaud had been with the company for 14 years, starting out as legal counsel in Amsterdam, before pivoting to ESG risk, advisory and monitoring.

Nadaud joins SMBC a few months after news emerged that Sumitomo Mitsui Financial Group (SMFG), SMBC’s holding company, would stop financing for any coal-fired power plants following sustained pressure on Japanese lenders to reduce coal funding.

SMBC was among the founding members of Singapore’s first institute for green finance research and talent development, launched last October.

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