Alternative investment manager Blackstone announced today that it has hired Amisha Parekh, appointing her as Global Head of ESG for Private Equity. In her new role, Parekh will lead ESG diligence, policy development and strategy, and reporting for all businesses in Blackstone’s Private Equity reporting segment.

The hire marks the continued expansion of Blackstone’s ESG talent expansion, following the firm’s recent creation of five new senior ESG positions across the U.S., Europe and Asia, encompassing the company’s businesses, investments, and reporting and engagements. The firm also recently announced an initiative to reduce carbon emissions across all new investments where the firm controls energy usage.

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Joseph Baratta, Global Head of Private Equity, said:

“Executing against our ESG efforts and creating positive impact across our portfolio is imperative to delivering value to our clients. Amisha will be a critical partner in these efforts and I’m thrilled to welcome her to the firm as we continue to build and operationalize an industry-leading ESG platform at scale.”

Parekh joins Blackstone from Bloomberg LP, where she worked for four years, most recently serving as product manager of Bloomberg’s Sustainable Finance Solutions, leading ESG data acquisition and curation efforts. Prior to joining Bloomberg, she worked for eight years at Deloitte, in roles including Senior Manager, Corporate Strategy, and Manager, Sustainability Strategy & Operations.

Jennifer Morgan, Global Head of Portfolio Operations, said:

“I’m thrilled to welcome such strong talent to help us scale our efforts while bringing all of Blackstone’s resources to bear. I look forward to working with Amisha to help make our companies stronger and more sustainable for the long term.”

Parekh said:

“I look forward to deploying Blackstone’s scale and expertise to help drive value for our investors by creating impact across our Private Equity portfolios. I’m impressed by Blackstone’s commitment to ESG integration across the firm and look forward to contributing to the growth of their ESG efforts.”