Blackstone Hires Global Head of ESG for Private Equity
07 Ottobre 2021 - 3:00PM
Business Wire
Blackstone (NYSE:BX) today announced that Amisha Parekh has
joined the firm as Global Head of ESG for Private Equity. Ms.
Parekh will be a Managing Director sitting within the firm’s
Portfolio Operations group to lead ESG diligence, policy
development and strategy, and reporting for all businesses in our
Private Equity reporting segment. Ms. Parekh’s hire represents
Blackstone’s continued commitment to value creation through
deepening ESG integration across the investment lifecycle and
placing ESG at the core of its operational intervention and asset
management strategy.
Joseph Baratta, Global Head of Private Equity, said: “Executing
against our ESG efforts and creating positive impact across our
portfolio is imperative to delivering value to our clients. Amisha
will be a critical partner in these efforts and I’m thrilled to
welcome her to the firm as we continue to build and operationalize
an industry-leading ESG platform at scale.”
Jennifer Morgan, Global Head of Portfolio Operations, said: “I’m
thrilled to welcome such strong talent to help us scale our efforts
while bringing all of Blackstone’s resources to bear. I look
forward to working with Amisha to help make our companies stronger
and more sustainable for the long term.”
Amisha Parekh, Global Head of ESG for Private Equity, said: “I
look forward to deploying Blackstone’s scale and expertise to help
drive value for our investors by creating impact across our Private
Equity portfolios. I’m impressed by Blackstone’s commitment to ESG
integration across the firm and look forward to contributing to the
growth of their ESG efforts.”
Ms. Parekh joins from Bloomberg, where she most recently led ESG
data acquisition and curation efforts and was instrumental in
launching Bloomberg’s sustainable finance product offering as Head
of Sustainable Finance Product Incubation. Prior to Bloomberg, Ms.
Parekh was a Senior Manager at Deloitte where she worked on
corporate strategy projects and helped manufacturing, consumer
goods, and retail clients develop sustainability strategies and
improve operational performance. She is the co-author of High
Performance Hospitality: Sustainable Hotel Case Studies and is an
Adjunct Professor of Business Strategy for Sustainability at
Glasgow Caledonian New York College.
She earned her MBA from the Ross School of Business, University
of Michigan, an MS in Environmental Policy and Behavior (also from
the University of Michigan), and a BS in Computer Science from SUNY
Binghamton.
Blackstone has made significant additions to its ESG team this
year, adding five newly created senior positions in April across
the U.S., Europe and Asia. The firm will continue to add new
resources and capabilities within its business units and build out
its corporate ESG structure.
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.
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 $684 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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Media: Emilie Stanton Emilie.stanton@blackstone.com
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