Blackstone Continues to Develop International ESG Team | Business enterprise & Finance

NEW YORK–(Company WIRE)–Apr 27, 2021–

Blackstone (NYSE: BX) now declared that it is continuing to expand its Environmental, Social, Governance (ESG) crew, with 5 freshly developed senior positions across the U.S., Europe and Asia. The agency is introducing new methods and abilities in just its enterprise units and also constructing out a company ESG framework. Blackstone is fully commited to deepening ESG integration throughout its investment approach and asset administration.

The workforce will carry on to progress Blackstone’s ten years-extended emphasis on ESG. With vast majority stakes in 200+ firms and 8,500+ true estate belongings, Blackstone can create benefit via driving significant change for virtually 50 percent a million employees and a great number of communities. Last calendar year, the organization declared a objective to reduce carbon emissions by 15 % across all new investments globally in which we control power utilization within just the 1st a few yrs of ownership as well as two variety initiatives starting up in the U.S. and Europe – a goal of at least 1-3rd diverse illustration on portfolio firm boards for new regulate investments moreover a program to assistance generating various using the services of and profession mobility.

Jon Grey, Blackstone President and COO, stated, “We perspective ESG as central to our mission of delivering strong returns for customers. Blackstone is employing its scale and knowledge to enable bolster our businesses, property and the communities in which they function. We are thrilled to have Elizabeth, James, Nina, Caroline and Rita signing up for our worldwide ESG team. They every provide a broad spectrum of domain know-how as we continue to travel value for our buyers and create impression across our portfolio.”

The new crew users involve five Controlling Administrators:

Elizabeth Lewis, Managing Director of ESG (Company) – Ms. Lewis will take care of implementation of ESG guidelines throughout Blackstone’s companies. She has two decades of working experience at the intersection of weather adjust, business, and expense. Most lately, she led engagement on essential ESG subject areas for the Global Finance Company (IFC). Formerly, Ms. Lewis held management roles at Worldwide Atmosphere Fund, where she developed the firm’s initial ESG procedures and procedures, and Terra Alpha Investments. She serves as a Harvard Alumni Affiliation Committee Member and is a Trustee of the Maryland/D.C. Chapter of The Character Conservancy. She also serves on the Corporation of the Winsor University in Boston. Ms. Lewis retains an A.B. in Environmental Science and General public Plan from Harvard College and an MBA from Harvard Business Faculty.

James Mandel, Ph.D., Handling Director of Sustainability (Portfolio Functions) – Dr. Mandel will help the work of Don Anderson, Blackstone’s Main Sustainability Officer, in leading Blackstone’s carbon emissions reduction method. Since 2013, Dr. Mandel had been Controlling Director of Worldwide Carbon-Absolutely free Properties Software for Rocky Mountain Institute (RMI). He led a crew concentrated on charge-proficiently decarbonizing structures. Earlier, he served as Engagement Supervisor and Affiliate at McKinsey & Business and as a advisor on market-based conservation for Sophisticated Conservation Procedures. Dr. Mandel is Board Chair of WattTime, an impartial nonprofit startup focused on emissions investigation. He retains a Ph.D. in Ecology and Evolutionary Biology from Cornell College and a B.A. from Princeton College.

Nina James, Head of Authentic Estate ESG (Genuine Estate, Asia) – Ms. James will associate with the Global Head of True Estate ESG, Eric Duchon, in setting up out our Asia-centered capabilities in our Asset Management staff. She was earlier the Common Supervisor of Accountable Financial commitment and Corporate Sustainability for InvestaProperty Group. She sits on the Australian UNPRI Advisory Committee, the Global Nicely Making Institute Nicely Portfolio Advisory Team, the ULI Australia Govt Counsel, and the Oceania GRESB Advisory Committee. Ms. James holds a B.A. Diploma in Landscape Architecture, a Master’s Diploma in Environmental Administration from the University of New South Wales and a Certification in Sustainable Finance from Columbia College.

Caroline Hill, Head of Genuine Estate ESG (Serious Estate, Europe) – Ms. Hill will equally partner with the Worldwide Head of True Estate ESG, Eric Duchon, in making out our ESG abilities throughout Europe in Authentic Estate Asset Management. She was beforehand Head of Dependable Organization for Lloyds Banking Group. Ahead of that she was Director of Team Corporate Affairs and Sustainability at Landsec plc., developing one of the United Kingdom’s foremost real estate sustainability courses and setting up Landsec’s web zero carbon technique. She also held roles doing work on corporate duty and sustainability at PwC and Whitbread. Ms. Hill retains a B.A. in Economics from the College of Cambridge.

Rita Mangalick, World Head of ESG for Blackstone Choice Asset Administration (BAAM) and Blackstone Credit – Ms. Mangalick will companion with equally teams to lead ESG diligence, plan enhancement, reporting and engagement. Prior to this purpose, Ms. Mangalick was instrumental in establishing BAAM’s ESG plan, along with a focus on BAAM’s Advisory Business. She was earlier a member of the Organization Economic Evaluation workforce performing operational thanks diligence of BAAM’s hedge fund professionals. Just before signing up for Blackstone in 2013, Ms. Mangalick was a Director at UBS Asset Management. She was previously with Union Bancaire Privee and KPMG. Ms. Mangalick gained her B.A. from The George Washington University.

Read through far more about Blackstone’s commitment to ESG right here.

Blackstone is just one of the world’s primary expense firms. We find to develop good economic impact and prolonged-term price for our investors, the firms we invest in, and the communities in which we work. We do this by working with extraordinary persons and flexible funds to enable companies remedy issues. Our $649 billion in belongings below administration consist of financial investment motor vehicles centered on private equity, serious estate, public personal debt and equity, daily life sciences, development equity, opportunistic, non-financial commitment quality credit score, real assets and secondary money, all on a world-wide foundation. Even further information is accessible at www.blackstone.com. Abide by Blackstone on Twitter @Blackstone.

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PUB: 04/27/2021 08:00 AM/DISC: 04/27/2021 08:02 AM