Standard Chartered Announces New Net Zero Sustainability Strategy MD
(11 August 2022 – United Kingdom) Standard Chartered announced the appointment of Kerry Constabile as managing director (MD) responsible for key strategic sustainability initiatives at a global level, leading the Bank’s net zero and sustainability strategy teams.
Kerry is a climate change leader with more than two decades experience driving global organisations to decarbonisation and climate tech investments, founding industry coalitions, and developing climate and ESG funds, policies, metrics and reporting. She joins from Google, where she led the company’s sustainability strategy and company-wide climate plans including net zero, carbon market and removal strategies and incubated the 24/7 Carbon Free Energy Compact. She also drove the data centre water strategy and was a lead advisor on climate risk products.
Prior to Google, Kerry spent seven years managing climate change and energy initiatives in the United Nations Secretary-General’s Office, spanning the terms of two Secretary-Generals, Bahn Ki Moon and Antonio Gutierrez
Most recently, Kerry represented Alphabet on its US$200 million investment in early-stage carbon removal and the launch of the first carbon removal Advanced Market Commitment through the founding of Frontier. She served on Frontier’s Founder Advisory Board together with Stripe, Meta, Shopify and McKinsey.
Kerry will report directly to the Chief Sustainability Officer, Marisa Drew, and will be responsible for driving the emerging market-focused bank’s global sustainability strategy. Her responsibilities will include managing key strategic sustainability initiatives for the Group, overseeing net zero target setting and delivery of the bank’s commitments across scope 1, 2 and 3 and the bank’s environmental, social and governance (ESG) reporting and disclosures.
“I’m delighted to welcome Kerry to our CSO team. As a globally-respected sustainability industry professional with extraordinary expertise across the public and private sectors, Kerry is uniquely positioned to help us achieve our sustainability aspirations. Kerry’s hire reinforces Standard Chartered’s ability to attract best-in-class talent to our franchise and our commitment to sustainability” commented Standard Chartered Chief Sustainability Officer, Marisa Drew.
“I’ve always admired Standard Chartered’s leadership in sustainable finance in emerging markets and its commitment to mobilise US$300 billion by 2030 for green and transition financing. The bank’s unique global footprint put Standard Chartered in a ground-breaking leadership position to accelerate the net zero transition at the speed and scale the world needs. I am thrilled to join this critical work” said Kerry Constabile.