Flexstone appoints ESG head
Small and mid-cap global private equity asset manager, Flexstone Partners, has appointed Caroline Gilbert as head of ESG (environmental, social and governance).
In the newly-created role, Gilbert would lead the firm’s ESG strategy at both a firm and portfolio level, responsible for strategy, policies, data collection, reporting and processes.
Gilbert’s new function would be in addition to her current role of head of investor relations and business development.
She would be supported by an ESG working group to ensure a consistent ESG integration across the firm. They would aim to produce dedicated ESG reports to each client and a global ESG report, reach a target for women to represent 40% of the investment teams by 2030, and become a neutral carbon company by 2050.
Four UN Sustainable Development Goals had also been selected by Flexstone Partners employees in order to guide its role as a “citizen firm”, which included contributing to the protection of the environment (goal 13), promote social equality and opportunity (goals four and five), and enhance diversity and inclusion (goal eight).
Flexstone’s implementation of ESG criteria dated back to 2006 and the firm signed the UN Principles for Responsible Investment in 2014.
In 2020, Flexstone committed to the France Invest-sponsored “Gender Equality Charter” and published its first global ESG policy.
Recommended for you
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
Iress has completed the sale of its platform business, bringing $4.1 billion in funds under administration over to Praemium.