U.S. Bank has established a new head of sustainable finance role at the company, hiring former Jennison Associates head of ESG, Guillaume Mascotto, the company recently announced.
In the role, Mascotto is tasked with assembling a team that will be focused on sustainable finance business for U.S. Bank broadly, the firm stated.
Mascotto is based in New York and reports to U.S. Bancorp Community Development Corp. CEO Zack Boyers.
“Customers all across U.S. Bank are increasingly talking to us about sustainable finance products and services that can help them meet their social and environmental goals,” Boyers said in the announcement. “Under Guillaume’s leadership, this new team will engage all our business lines to help meet customers’ sustainable finance needs. It’s important work, not only for our customers but also for our communities and the environment.”
The sustainable finance business includes “lending and investment activities that empower communities, support inclusive growth, and help customers transition to a low-carbon economy,” the firm stated.
The new team will also help the bank meet its ESG commitments, including net-zero goals, the firm said.
Mascotto has previous experience overseeing ESG at other firms. He was head of ESG and investment stewardship at American Century Investments before working at Jennison Associates. He also served as a vice president at Pimco in ESG credit research and portfolio management.