Blackstone Continues to Develop World ESG Crew | Enterprise & Finance

The workforce will carry on to advance Blackstone’s ten years-long emphasis on ESG. With bulk stakes in 200+ businesses and 8,500+ actual estate assets, Blackstone can produce price through driving significant improve for nearly 50 percent a million workforce and numerous communities. Very last year, the company declared a intention to cut down carbon emissions by 15 per cent across all new investments globally the place we regulate strength use within the to start with 3 decades of possession as very well as two diversity initiatives starting up in the U.S. and Europe – a target of at the very least one-third various representation on portfolio corporation boards for new manage investments plus a method to assist building varied employing and occupation mobility.

Jon Gray, Blackstone President and COO, stated, “We look at ESG as central to our mission of delivering robust returns for customers. Blackstone is employing its scale and experience to aid strengthen our businesses, property and the communities in which they run. We are thrilled to have Elizabeth, James, Nina, Caroline and Rita becoming a member of our international ESG workforce. They just about every convey a broad spectrum of area expertise as we carry on to drive worth for our buyers and build influence across our portfolio.”

The new crew customers involve 5 Running Directors:

Elizabeth Lewis, Handling Director of ESG (Corporate) – Ms. Lewis will take care of implementation of ESG procedures across Blackstone’s companies. She has two many years of practical experience at the intersection of local weather modify, organization, and financial commitment. Most not too long ago, she led engagement on important ESG topics for the International Finance Corporation (IFC). Formerly, Ms. Lewis held management roles at World-wide Environment Fund, the place she created the firm’s initial ESG procedures and methods, and Terra Alpha Investments. She serves as a Harvard Alumni Association Committee Member and is a Trustee of the Maryland/D.C. Chapter of The Mother nature Conservancy. She also serves on the Company of the Winsor School in Boston. Ms. Lewis retains an A.B. in Environmental Science and Public Coverage from Harvard Higher education and an MBA from Harvard Company Faculty.

James Mandel, Ph.D., Handling Director of Sustainability (Portfolio Functions) – Dr. Mandel will guidance the operate of Don Anderson, Blackstone’s Chief Sustainability Officer, in foremost Blackstone’s carbon emissions reduction program. Considering that 2013, Dr. Mandel experienced been Taking care of Director of World-wide Carbon-Free of charge Structures Method for Rocky Mountain Institute (RMI). He led a crew centered on value-effectively decarbonizing properties. Earlier, he served as Engagement Supervisor and Affiliate at McKinsey & Corporation and as a consultant on market-based mostly conservation for Advanced Conservation Approaches. Dr. Mandel is Board Chair of WattTime, an independent nonprofit startup concentrated on emissions investigation. He holds a Ph.D. in Ecology and Evolutionary Biology from Cornell University and a B.A. from Princeton University.

Nina James, Head of Serious Estate ESG (Authentic Estate, Asia) – Ms. James will partner with the International Head of Serious Estate ESG, Eric Duchon, in developing out our Asia-based abilities in our Asset Management workforce. She was previously the Standard Manager of Liable Expense and Corporate Sustainability for InvestaProperty Group. She sits on the Australian UNPRI Advisory Committee, the Global Well Making Institute Nicely Portfolio Advisory Group, the ULI Australia Executive Counsel, and the Oceania GRESB Advisory Committee. Ms. James holds a B.A. Degree in Landscape Architecture, a Master’s Degree in Environmental Administration from the College of New South Wales and a Certification in Sustainable Finance from Columbia College.

Caroline Hill, Head of Serious Estate ESG (True Estate, Europe) – Ms. Hill will similarly lover with the World Head of True Estate ESG, Eric Duchon, in creating out our ESG capabilities across Europe in Serious Estate Asset Management. She was beforehand Head of Accountable Enterprise for Lloyds Banking Group. Right before that she was Director of Team Company Affairs and Sustainability at Landsec plc., acquiring just one of the United Kingdom’s primary real estate sustainability plans and creating Landsec’s internet zero carbon approach. She also held roles functioning on corporate accountability and sustainability at PwC and Whitbread. Ms. Hill holds a B.A. in Economics from the College of Cambridge.

Rita Mangalick, World-wide Head of ESG for Blackstone Substitute Asset Management (BAAM) and Blackstone Credit rating – Ms. Mangalick will companion with equally groups to guide ESG diligence, coverage progress, reporting and engagement. Prior to this position, Ms. Mangalick was instrumental in developing BAAM’s ESG system, together with a aim on BAAM’s Advisory Organization. She was formerly a member of the Small business Economical Analysis team accomplishing operational due diligence of BAAM’s hedge fund administrators. Ahead of signing up for Blackstone in 2013, Ms. Mangalick was a Director at UBS Asset Management. She was earlier with Union Bancaire Privee and KPMG. Ms. Mangalick acquired her B.A. from The George Washington College.

Read a lot more about Blackstone’s determination to ESG listed here.

Blackstone is 1 of the world’s leading financial investment corporations. We search for to create beneficial economic influence and very long-time period benefit for our investors, the businesses we devote in, and the communities in which we function. We do this by using amazing people and versatile cash to assistance providers fix problems. Our $649 billion in property under management include expenditure cars targeted on personal equity, actual estate, general public debt and fairness, existence sciences, advancement fairness, opportunistic, non-investment decision quality credit rating, true belongings and secondary resources, all on a international basis. More information and facts is offered at www.blackstone.com. Comply with Blackstone on Twitter @Blackstone.

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