Blackstone Hires Amisha Parekh As Global Head Of ESG For Private Equity
Blackstone has hired Amisha Parekh as Global Head of ESG for Private Equity. 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 the firm's Private Equity reporting segment.
“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," said Joseph Baratta, Blackstone Global Head of Private Equity.
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.”
“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," added Parekh.
Parekh joins Blackstone 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, 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.
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. Last year, the firm announced a goal to reduce carbon emissions by 15 percent across all new investments globally (where it controls 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.
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