JPMorgan Chase, the world’s largest bank by market capitalisation, has appointed Genevieve Ding as its head of Asia Pacific sustainability.
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The Singaporean moves into the role of executive director, head of APAC sustainability, after five and a half years with Amazon Web Services, where she was regional head of sustainability strategy.
Her appointment comes seven months after the departure of Matthew Chan, JPMorgan’s former Asia Pacific sustainability lead, who was based in Hong Kong. Chan has since joined Flint Global, a consulting firm.
Ding will report to Luke Nelson, JPMorgan’s New York-based head of international sustainability. She will be based in Singapore.
JPMorgan was among a slew of American banks to exit the Net Zero Banking Alliance, a collective of banks that support climate action, in January after the election of President Donald Trump.
The American lender was identified as the world’s biggest financier of fossil fuels since the Paris Agreement in an assessment by environmental non-profit Rainforest Action Network last year.
In 2021, the bank had committed to align its portfolio with the Paris accord goal of limiting global warming to 1.5°C, and pledged to invest US$2.5 trillion towards climate and sustainability solutions by 2030.
Last month, JPMorgan struck a US$90 million deal with Vancouver-based carbon removal company CO280 to remove 450,000 metric tonnes of carbon dioxide over 13 years. CO280 retrofits pulp and paper mills with carbon capture technology.
Ding’s role will involve leading JPMorgan’s sustainability strategy as well as promoting the bank’s position on climate and the energy transition in Asia.
Ding brings extensive experience in government to the role, having worked in strategy roles for Singapore’s Ministry of Foreign Affairs, Ministry of Finance, Ministry of National Development and National Trades Union Congress (NTUC). She joined the private sector in a public policy role at Amazon in 2020.
She moved into a sustainability role at Amazon Web Services, Amazon’s cloud computing arm, in 2022, and was appointed to lead a decarbonisation unit overseeing carbon credits and nature-based solutions last year.
Ding sits on the board of Climate Impact X, a Singapore-based marketplace for carbon credits, and the International Blue Carbon Institute, an ocean conservation hub established by Amazon and non-profit Conservation International in 2022.
