BlackRock is losing its head of sustainability policy and engagement, Paul Bodnar, who is leaving the asset manager in April for a role at the Bezos Earth Fund.
Bodnar, who announced his departure on LinkedIn, will have been at BlackRock for two years. In October, he switched roles from global head of sustainable investing to his most recent job as head of sustainability policy and engagement.
In his post, he acknowledged the difficult position the company has been in amid an anti-ESG push in many parts of the country.
“BlackRock has changed the way the financial sector thinks about sustainability. It was one of the first to recognize the potential for climate risk to reshape finance, and to help investors navigate and participate in that transformation,” Bodnar wrote. “It has also been steadfast about the difficult realities of the transition and the need to retain a laser focus on fiduciary duty, even amidst intense public debates about whether asset managers are doing too little, or too much, to address climate change.”
At the Bezos Earth Fund, Bodnar will “help lead its work on climate finance, industry and diplomacy,” he wrote.
Prior to joining BlackRock in April 2021, he was chief strategy officer at renewable energy nonprofit RMI. Before that, he was special assistant to former President Barack Obama and senior director for energy and climate change at the National Security Council.
BlackRock declined to comment on Bodnar’s departure. The Bezos Earth Fund did not respond to a request for comment.
This story has been updated to reflect Bodnar’s most recent position at BlackRock.
This story was originally published on ESG Clarity.
The top-ranked RIA by total AUM continues to scale its wealth management arm, bringing its Pennsylvania presence to five offices.
The Reddit trading community's formal comment letter against the proposal is drawing widespread attention across finance and tech circles.
Chicago Partners Wealth Advisors is helping shape the platform's product roadmap after switching from a legacy system.
RIA aggregator adds $4.8 billion in client assets across seven states as demand grows for alternatives to traditional succession models.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
