Macquarie AM hires sustainability head

Macquarie Asset Management has appointed Kristina Kloberdanz as chief sustainability officer.

In her new role, Kloberdanz will lead the delivery of Macquarie AM's ESG commitments, including its ambition to invest and manage its US$ 579 billion global portfolio in line with net-zero emissions by 2040.

She is also tasked with scaling efforts to embed sustainability and ESG across the firm's investment and asset management processes.

Kloberdanz joins from Mastercard where she held the same role.

Over five years, she led the card issuer's sustainability strategy that included financial inclusion efforts to bring one billion people into the mainstream and the Mastercard Impact Fund.

At the financial services giant, she spearheaded its net-zero emissions by 2040 commitment, environmental products and solutions, and its first sustainability bond.

Moreover, Kloberdanz chaired the World Economic Forum's Trillion Trees US Stakeholder Council, aimed at mobilising the private sector to speed up nature-based solutions.

Before Mastercard, she led IBM's global corporate responsibility strategy.

"We are thrilled to welcome Kristina to Macquarie and know she will play an important role in driving progress across our sustainability priorities, and commitments - ensuring every investment we make is aligned with our vision to deliver positive impact for everyone," said Macquarie Asset Management group head Ben Way,

Kloberdanz noted that as a global asset manager and custodian, Macquarie Asset Management has a central and critical role in accelerating progress toward a more sustainable society, environment, and economy.

"While we have a significant task ahead, particularly as we seek to decarbonise our global portfolio, I'm excited and optimistic about the progress and commitments Macquarie has made to its communities, clients, employees, and stakeholders."