Global insurance company American International Group (AIG) announced today the appointment of Drew Schechtman as Head of ESG Strategy, Investments. Schechtman will report to Geoffrey Cornell, Chief Investment Officer, AIG.
The announcement follows the recent release by AIG of its first Environmental, Social and Governance Report, outlining the company’s efforts to align its sustainability efforts with its core business strategy. According to the report, AIG Investments integrates ESG factors into the management of its diversified $340 billion portfolio, and has formed an ESG working group to further develop an ESG Investment framework.
“AIG believes that ESG can improve investment outcomes and is committed to advancing our ESG policy, strategy and integration of ESG Factors across AIG Investments. Drew’s expertise in applying ESG factors across fixed income, private markets and real assets will further accelerate our ESG initiatives to the benefit of our stakeholders, including our affiliated insurance companies and third-party clients. Our ability to identify and appropriately respond to ESG factors, changes in consumer behavior and industry trends related to ESG factors, as well as the ability of management teams to respond appropriately to these changes, are critical drivers of competitive advantage and, in turn, the ability to achieve client objectives.”
Schechtman joins AIG from Voya, where he served for five years as Head of Environmental, Social and Governance Investment Strategy, responsible for leading the development and implementation of the firm’s ESG investment program, including the integration of ESG factors into Voya’s investment strategies, the development of ESG solutions, as well as stewardship efforts encompassing proxy voting and company engagements. Prior to Voya, Schechtman worked at BNY Mellon as Vice President, Head of Environmental Investment and Sustainability.
“AIG, a global leader in insurance and financial services, is committed to integrating ESG into their investment capabilities, and I’m excited to join the company to help AIG’s investment teams align their sustainability efforts with its core business and investment strategy.”