Stanley Fink’s ECP gets co-chair of UNEP Finance Initiative

Ex-Man Group chief gets a seat at the top table

Richard Burrett, a partner in hedge fund mogul Stanley Fink’s new environmental fund manager Earth Capital Partners, has been named co-chair of the United Nations Environment Program Finance Initiative.
Fink, the former chairman and chief executive of Man Group, the world’s largest listed hedge fund firm, was behind the launch of ECP last year.
Barbara Krumsiek, CEO of US asset manager Calvert Group, was named Burrett’s co-chair by the UNEP. Washington-based Calvert has more than $14bn in assets under management and was one of the founders of the UN PRI.
The pair will serve for a two-year term and take over from Rob Tacon, the former Standard Chartered executive who now runs his own consultancy, Boundes Sustainability. Burrett is a former head of project finance at ABN Amro and most recently chaired the UNEP FI’s work on biodiversity and ecosystems.
The appointments come in the run-up to the UN’s “Rio+20” summit to mark the 20th anniversary of theseminal 1992 Rio Earth Summit which, among other things, led to the creation of the UNEP FI.
‘Barbara and Richard have long been at the forefront of promoting sustainability at their own firms and, through their firms’ sustainable investment criteria and advocacy – among the world’s leading companies,’ said Paul Clements Hunt, UNEP FI’s Head of Unit.
The UNEP FI is a partnership between the UN Environment Programme and 190 signatory financial institutions such as banks, insurers, fund managers and investors. The initiative partners investors in the UN Principles for Responsible Investment. Institutional investor members include names such as the British Columbia Investment Management Corp., France’s Caisse des Dépôts, Spain’s La Caixa, Hermes Fund Managers of the UK and CalPERS of the US.
Last week, the UN General Assembly re-elected UNEP Executive Director Achim Steiner for a second four-year term.
The UNEP announcement is available here.