DBS Appoints Shilpa Gulrajani as Head of Sustainable Finance for Institutional Banking

Singapore-based financial services group DBS Bank announced the appointment of Shilpa Gulrajani as its new Head of Sustainability for its Institutional Banking Group.

According to a DBS spokesperson, in her new role, Gulrajani will have responsibility for “leading DBS’ sustainable finance business franchise and engagement in the region, driving ESG business origination, advisory and financing solutions to enable corporates and institutions to successfully transition to a net-zero pathway.”

Gulrajani joins DBS after serving for more than 20 years at Paris-based banking group BNP Paribas, most recently as Head of Corporate Development & Sustainability, APAC, where she was responsible for overseeing the bank’s ESG advisory and banking solutions for the Asia-Pacific region.

Gulrajani also serves as co-lead of the Singapore-Asia Taxonomy workstream. The Singapore-Asia Taxonomy for Sustainable Finance was launched in late 2023 to help define green and transition economic activities and enable the allocation of capital to sustainable projects and initiatives. Coordinated by the Singapore Sustainable Finance Association (SSFA), which was convened by the Monetary Authority of Singapore (MAS), the SSFA is responsible for future iterations of the Singapore-Asia Taxonomy for Sustainable Finance and for taxonomy maintenance.

In 2021, DBS became the first Singapore bank to join the UN-linked Net-Zero Banking Alliance, with a commitment to align its lending and investment portfolios with net zero emissions by 2050.