Blackstone Continues to Build Global ESG Team
27 April 2021 - 10:00PM
Business Wire
Blackstone (NYSE: BX) today announced that it is continuing to
expand its Environmental, Social, Governance (ESG) team, with five
newly created senior positions across the U.S., Europe and Asia.
The firm is adding new resources and capabilities within its
business units and also building out a corporate ESG structure.
Blackstone is committed to deepening ESG integration across its
investment process and asset management.
The team will continue to advance Blackstone’s decade-long focus
on ESG. With majority stakes in 200+ companies and 8,500+ real
estate assets, Blackstone can create value through driving
meaningful change for nearly half a million employees and countless
communities. Last year, the firm announced a goal to reduce carbon
emissions by 15 percent across all new investments globally where
we control energy usage within the first three years of ownership;
as well as two diversity initiatives starting in the U.S. and
Europe – a target of at least one-third diverse representation on
portfolio company boards for new control investments plus a program
to support creating diverse hiring and career mobility.
Jon Gray, Blackstone President and COO, said, “We view ESG as
central to our mission of delivering strong returns for clients.
Blackstone is using its scale and expertise to help strengthen our
companies, assets and the communities in which they operate. We are
thrilled to have Elizabeth, James, Nina, Caroline and Rita joining
our global ESG team. They each bring a wide spectrum of domain
expertise as we continue to drive value for our investors and
create impact across our portfolio.”
The new team members include five Managing Directors:
Elizabeth Lewis, Managing Director of ESG (Corporate) –
Ms. Lewis will handle implementation of ESG policies across
Blackstone’s businesses. She has two decades of experience at the
intersection of climate change, business, and investment. Most
recently, she led engagement on key ESG topics for the
International Finance Corporation (IFC). Previously, Ms. Lewis held
leadership roles at Global Environment Fund, where she developed
the firm’s first ESG policies and practices, 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 Nature
Conservancy. She also serves on the Corporation of the Winsor
School in Boston. Ms. Lewis holds an A.B. in Environmental Science
and Public Policy from Harvard College and an MBA from Harvard
Business School.
James Mandel, Ph.D., Managing Director of Sustainability
(Portfolio Operations) – Dr. Mandel will support the work of
Don Anderson, Blackstone’s Chief Sustainability Officer, in leading
Blackstone’s carbon emissions reduction program. Since 2013, Dr.
Mandel had been Managing Director of Global Carbon-Free Buildings
Program for Rocky Mountain Institute (RMI). He led a team focused
on cost-effectively decarbonizing buildings. Previously, he served
as Engagement Manager and Associate at McKinsey & Company and
as a consultant on market-based conservation for Advanced
Conservation Strategies. Dr. Mandel is Board Chair of WattTime, an
independent nonprofit startup focused on emissions analysis. He
holds a Ph.D. in Ecology and Evolutionary Biology from Cornell
University and a B.A. from Princeton University.
Nina James, Head of Real Estate ESG (Real Estate, Asia) -
Ms. James will partner with the Global Head of Real Estate ESG,
Eric Duchon, in building out our Asia-based capabilities in our
Asset Management team. She was previously the General Manager of
Responsible Investment and Corporate Sustainability for
InvestaProperty Group. She sits on the Australian UNPRI Advisory
Committee, the International WELL Building Institute WELL 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
Management from the University of New South Wales and a Certificate
in Sustainable Finance from Columbia University.
Caroline Hill, Head of Real Estate ESG (Real Estate, Europe)
- Ms. Hill will similarly partner with the Global Head of Real
Estate ESG, Eric Duchon, in building out our ESG capabilities
across Europe in Real Estate Asset Management. She was previously
Head of Responsible Business for Lloyds Banking Group. Before that
she was Director of Group Corporate Affairs and Sustainability at
Landsec plc., developing one of the United Kingdom’s leading real
estate sustainability programs and establishing Landsec’s net zero
carbon strategy. She also held roles working on corporate
responsibility and sustainability at PwC and Whitbread. Ms. Hill
holds a B.A. in Economics from the University of Cambridge.
Rita Mangalick, Global Head of ESG for Blackstone Alternative
Asset Management (BAAM) and Blackstone Credit – Ms. Mangalick
will partner with both groups to lead ESG diligence, policy
development, reporting and engagement. Prior to this role, Ms.
Mangalick was instrumental in developing BAAM’s ESG program, along
with a focus on BAAM’s Advisory Business. She was previously a
member of the Business Financial Evaluation team performing
operational due diligence of BAAM’s hedge fund managers. Before
joining Blackstone in 2013, Ms. Mangalick was a Director at UBS
Asset Management. She was previously with Union Bancaire Privee and
KPMG. Ms. Mangalick received her B.A. from The George Washington
University.
Read more about Blackstone’s commitment to ESG here.
About Blackstone
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our $649 billion in
assets under management include investment vehicles focused on
private equity, real estate, public debt and equity, life sciences,
growth equity, opportunistic, non-investment grade credit, real
assets and secondary funds, all on a global basis. Further
information is available at www.blackstone.com. Follow Blackstone
on Twitter @Blackstone.
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Emilie Stanton emilie.stanton@blackstone.com 646-482-6143
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