The board is made up of leading names from various sectors to advise on topics such as sustainability, the media and business.
Members include Formula E founder Alejandro Agag, the chairman of Chinese telecoms company SINA Charles Chao, Jaguar Land Rover's chief marketing officer Gerd Mauser, and former McLaren F1 team boss Martin Whitmarsh.
Brazil's reigning Formula E champion Lucas di Grassi and Swiss private bank Julius Baer's head of global sponsoring Marco Parroni are also on the board.
Costa Rican diplomat Figueres was executive secretary of the United Nations Framework Convention on Climate Change and helped broker the 2015 Paris accord signed by nearly 200 countries.
"In order to meet the objectives set out by the Paris agreement and prevent global temperatures spiralling out of control, we must have a need for speed and react quickly," she said in a Formula E statement.
"This unique forum at Formula E will allow us to bring great minds together with the same common goal, speeding-up the transition and use of electric vehicles in everyday life."
Formula E, a city-based series sanctioned by the International Automobile Federation (FIA), starts its fourth season in Hong Kong on Dec. 2.
(Reporting by Alan Baldwin, editing by Ed Osmond)
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