ASB Bank has appointed Sam Friggens to the newly created position of general manager climate transition, signalling a step forward in its sustainability agenda.
Friggens (pictured) relocated to New Zealand from the UK in 2022. He previously held the role of technical director of energy and climate at consultancy firm Mott MacDonald, where his work included developing clean energy solutions, advising on climate-resilient infrastructure, and guiding transition strategies for various sectors.
With a master of science degree in environmental change and management from Oxford University, Friggens has contributed research on pathways to net zero, renewable energy procurement models, and strategies for decarbonizing heating systems.
In his new role, Friggens will work closely with ASB’s sustainability team, including general manager corporate sustainability Robbie Falconer and head of sustainable finance James Paterson.
His responsibilities include designing climate-focused financial products, assisting clients in their climate transition strategies, and building ASB’s capabilities in clean technology.
“Sam is an exciting addition to the ASB team, bringing a wealth of very relevant and valuable global experience and perspectives,” said Jonathan Oram, ASB’s executive general manager of corporate banking.
Oram said financial institutions are pivotal in helping businesses adapt to climate change.
“Climate transition is a key priority for us and for many of our corporate, business, and rural customers,” he said.
Friggens expressed enthusiasm for the opportunity, affirming his commitment to helping deliver meaningful support to ASB customers on their climate transition journey.
“I am looking forward to getting stuck in and helping to deliver tangible support for ASB customers on the climate transition journey and working with the wider sustainability team within ASB to develop and implement our vision for a sustainable future,” he said.
Friggens commenced his role on Oct. 29.
ASB’s appointment brings to light the insurance industry’s calls for accelerated action on climate risks following a report by the Climate Change Commission that highlighted significant gaps in the country’s readiness to address growing climate risks.
Insurance Council of New Zealand (ICNZ) chief executive Kris Faafoi stated that adaptation efforts must be scaled up to meet these challenges.
“We support the commission’s findings that urgent action is needed to address the impacts of climate change,” he said.
