Blackstone's Jean Rogers joins climate pioneer Pegasus Capital Advisors
Plus, the cities most at risk from climate disasters
In today’s edition:
— Jean Rogers joins Pegasus Capital Advisors after four years at Blackstone
— The cities most at risk from climate disaster
— Docuseries: Fighting to restore carbon balance from land degradation
— Great Lakes plan to halt invasive carp gets Feds go ahead; $7 billion fishing industry at stake
— Data driven: Humans extract 90 billion tons of natural resources a year, triple that of 1970
Jean Rogers (above), one of world’s leading sustainability executives who among other things founded the Sustainability Accounting Standards Board, announced this week she’s left Blackstone BX 0.00%↑ after four years as global head of ESG and has joined climate investing pioneer Pegasus Capital Advisors as senior operating advisor.
Rogers, a friend of Callaway Climate Insights who joined Blackstone to great fanfare four years ago when Wall Street firms were ravenously hiring ESG executives to lead climate initiatives, will help scale the $2.6 billion private equity firm’s emerging markets business, primarily in the global south.
Her departure from Blackstone illustrates the beginning of a migration of sustainability executive talent to the more hardcore climate investing firms with focus mostly on energy and water infrastructure projects as Wall Street’s giants seek a low profile on climate investing with the new Trump administration.
Pegasus, based in Stamford, Conn., is almost 30 years old and is the world’s only private equity firm with a partnership agreement with the United Nations Development Program (UNDP). It said Rogers will serve on its investment committees for the Subnational Climate Fund and Global Fund for Coral Reefs. among other things.
We’ll have more on Rogers and her assessment of the state of global climate finance in the new Trump era in coming days, but in climate finance circles this will be a well-watched move.
Don’t forget to contact me directly if you have suggestions or ideas dcallaway@callawayclimateinsights.com.
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