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HomeNewsBusinessMascotto appointed head of sustainable finance by US Bank

Mascotto appointed head of sustainable finance by US Bank

Guillaume Mascotto was appointed by U.S. Bank to lead the department of sustainable finance. Mascotto will create and oversee a new team in this new leadership position that is tasked with finding opportunities for sustainable financing throughout the full U.S. Bank company.

Mascotto, who will be based in New York, will work with CEO Zack Boyers to oversee the U.S. Bancorp Community Development Corporation (USBCDC). Mascotto’s new team will deliver specialist knowledge and assistance to help U.S. Bank business lines seize possibilities in sustainable financing. The team will assist in identifying and launching products and services that address customers’ expanding needs for sustainable financing. These activities will include lending and investment activities that support inclusive growth, empower communities, and assist customers in making the transition to a low-carbon economy. The team will also assist U.S. Bank in raising money to fulfil several of its social and environmental commitments, with a focus on environmental financing, NetZero, and Access Commitment initiatives.

Customers from all throughout U.S. Bank are increasingly discussing sustainable financing products and services with us in order to achieve their social and environmental objectives, according to Boyers. “Under Guillaume’s direction, this new team will work with all of our business units to support clients’ needs for sustainable finance. It’s vital work for our communities, the environment, and not just our customers.

Mascotto moved from Jennison Associates, where he most recently served as managing director and global head of environmental, social, and governance (ESG) strategy, formulating the company’s overall strategy and overseeing day-to-day ESG operations, to U.S. Bank. He held the positions of vice president, head of ESG and investment stewardship at American Century Investments and vice president, ESG credit research and portfolio management at Pacific Investment Management before that.

As they consider new and updated ESG criteria and seek to seize sustainable finance opportunities to aid in the transition to a low-carbon economy and uplift communities through equitable access and growth, Mascotto added, “Companies have such a huge need for assistance.” I’m eager to collaborate with U.S. Bank employees on goods and services that can aid clients in achieving their sustainability objectives.

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