The FINANCIAL -- On August 31, after 15 years at the helm of the world’s largest corporate sustainability initiative, Georg Kell will step down as Executive Director of the UN Global Compact, the organization he helped found in 2000 and which he has built into a global movement over the past decade.
Mr. Kell will join Arabesque Partners, the Anglo-German asset management firm, as Vice Chairman-designate. Arabesque, which bills itself as a “values-based asset management firm”, uses the UN Global Compact principles, as well as environmental, social and governance (ESG) information to direct its core business of portfolio management, according to Global Compact.
Commenting on Mr. Kell’s new role, Arabesque Chairman Dr. Robert G. Eccles said: “Georg has a unique understanding of companies’ environmental, social and governance (ESG) issues around the globe. The integration of such nonfinancial information into Arabesque’s quantitative models is at the core of our work. His many years of experience as the leader of the UN Global Compact will be invaluable to us.”
In a farewell message to the Global Compact’s over 13,000 participants, Mr. Kell expressed his excitement for this new venture, noting: “It is my aspiration to help create the next generation of asset management and thereby firmly establish the business case for the UN Global Compact. I have no doubt that winning over the world of finance is key to achieving market transformation.”
Additionally, as a founder of the UN Global Compact, Mr. Kell will remain involved as a Senior Policy Adviser to the initiative, supporting the new Executive Director, Lise Kingo, who will begin her appointment on 1 September.