U.S. Bank, one of the largest commercial banks in the United States, announced the appointment of Guillaume Mascotto to the newly created role of Head of Sustainable Finance.

As part of his new role, Mascotto will build and lead a new team focused on identifying sustainable finance opportunities. The team will be aimed at supporting U.S. Bank’s business lines to capture sustainable finance opportunities. The team will help to identify and launch products and services that meet customers’ sustainable financing needs, including lending and investment activities focused on empowering communities, supporting inclusive growth, and transitioning to a low-carbon economy.

Zack Boyers, CEO at USBancorp Community Development Corp., said:

“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. “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.”

U.S. Bank said that the new team will also help the firm mobilize capital towards meeting its own social and environmental commitments.

Mascotto joins U.S. Bank from asset manager Jennison Associates, where he served as Global Head of ESG Strategy, with responsibility for the strategic direction and management of the firm’s ESG activities. Prior to joining Jennison, Mascotto served as Head of ESG & Investment Stewardship at American Century Investments, and as Vice President, ESG Credit Research at PIMCO.

Mascotto said:

“There is such great need from companies for assistance as they review new and updated ESG standards and look to capture sustainable finance opportunities to help transition to a low-carbon economy and elevate communities through inclusive access and growth. I’m excited to partner across U.S. Bank on products and services that will help customers achieve their sustainability goals.”