23rd June 2016, London: Arabesque is pleased to announce the appointment of Tensie Whelan as a new member of the firm’s Advisory Board.
Joining with immediate effect, Whelan becomes the ninth member of Arabesque’s Advisory Board, which comprises prominent figures in sustainable development, quantitative, and behavioural finance.
A highly respected global leader in environmental and social stewardship, Tensie Whelan is the Founding Director of the Center for Sustainable Business at the New York University Stern School of Business, where she is also Clinical Professor of Business. Opened in January 2016, the Center assists future and current business leaders in tackling the environmental and human challenges confronting business and society today.
Whelan was previously President of the Rainforest Alliance where, from 2000 to 2015, she built the organization’s budget from $4.5 million to over $50 million, and its staff from 45 to over 500. In that time, she helped to transform the engagement of businesses with sustainability by recruiting the support of over 6,000 companies in more than 60 countries. Under Whelan’s leadership, the Rainforest Alliance’s impact grew from 10 million acres to over 180 million acres under sustainable management, with measurable positive impacts on ecosystems and livelihoods across six continents.
Tensie Whelan said: “Many investors currently suffer under the misapprehension that managing a business sustainably, with strong environmental, social and governance performance, means lower profits. I am pleased to be joining Arabesque, which uses sophisticated, cutting edge quantitative analysis to demonstrate to investors that positive sustainability performance results in positive financial performance.”
Dr. Robert G. Eccles, Chairman of Arabesque said: “We are very excited to be welcoming Tensie Whelan as the latest member of Arabesque’s Advisory Board. I am confident that we will benefit from the wealth of expertise she brings, built up over 25 years as a pioneer in the environmental field and a leader in sustainable development.”
Whelan’s published works include one of the first books on eco-friendly tourism, Nature Tourism: Managing for the Environment. She has been recognized as one of the “100 Most Influential People in Business Ethics” by Ethisphere and was awarded the James Beard Foundation Leadership Award in 2012. She received a B.A. in Politics from New York University and an M.A. in International Communication from American University.
Launched in 2013 following a management buyout from Barclays Bank, Arabesque has been built in partnership with world-leading universities in support of the principles of the United Nations Global Compact. The firm’s quantitative investment process uses over 100 billion data points relating to nonfinancial environmental, social, and governance criteria; risk of fraud or other criminal activity; and financial stability, earnings momentum and market sentiment.