Macquarie Asset Management has appointed Mastercard’s chief sustainability officer Kristina Kloberdanz to the CSO role at Macquarie.
Kloberdanz replaces Chris Leslie in this role, a source familiar with the firm told New Private Markets. Leslie remains at the firm and “will increase his focus on Macquarie’s investment activity in the energy transition space whilst continuing to serve on investment committees for various Macquarie funds”, the source said. This includes support investment activity at the firm’s Green Investment Group, which manages assets worth €2.9 billion, according to affiliate publication Infrastructure Investor‘s database. Macquarie declined to comment on GIG’s size.
In her new role, Kloberdanz leads Macquarie’s dedicated sustainability department, which has 20 specialists globally. The sustainability team works with the firm’s investment, asset management and other departments on sustainability issues including climate, biodiversity, diversity, social issues, health and safety and modern slavery. Macquarie plans to further grow the sustainability department, the source said. Kloberdanz reports to the firm’s group head, Ben Way, the source said.
At Mastercard, Kloberdanz led the company’s sustainability strategy and its first sustainability bond.
Macquarie has raised two funds across the energy transition platform: Macquarie Green Investment Group Renewable Energy Fund 1 closed in 2017 at £1.1 billion ($1.4 billion; €1.3 billion), and Fund 2 closed in 2021 at €1.6 billion. Fund 2 is a 25-year fund that will invest in the development and operation of wind and solar projects in global developed markets.
Macquarie has previously announced a 2040 target to reach net-zero greenhouse gas emissions for investments “where we have sufficient control”, and will support these assets to establish net-zero pathways.
This article has been updated to reflect that the AUM figure for the Green Investment Group was not sourced from Macquarie.