Singapore-based United Overseas Bank (UOB) has appointed Eric Lim to lead a newly formed sustainbility unit.
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Lim is currently the bank’s head of finance, and will perform the role of chief sustainability officer in addition to his duties as managing director, group finance.
As chief sustainability officer, Lim will oversee UOB’s sustainability programmes, which include a plan to lower the bank’s carbon footrint, and green investment activity.
His twin role will help to “ensure synergies” between the bank’s sustainability strategy and financial performance management, UOB said in a statement.
Lim will also chair the bank’s environmental, social and governance (ESG) committee, which assesses the risks and opportunities of ESG-related initiatives. This is Lim’s first experience in a sustainability role, having worked in finance positions at Standard Chartered Bank and General Electric before joining UOB in 2013.
His appointment comes soon after the addition of Tan Mei Ping to UOB’s sustainability team. She joined from Enterprise Singapore, where she was senior development partner, circular economy and sustainability.
UOB issued Singapore’s first sustainability bond last week, and in November opened a training academy to develop inhouse green investment know-how. UOB was one of Singapore’s big-three banks to stop lending to coal power in 2019.
