Global forest investment manager New Forest has announced two senior appointments as part of broader sustainable investing ambitions.
New Forests appointed Jo Saleeba as responsible for sustainable development and Lauren stewart as head of communications, according to a statement.
Saleeba has extensive sustainability experience with asset owners, having previously worked for Investor Group on Climate Change (IGCC) in Australia and New Zealand as Senior Managing Director and also led the team in responsible investment from HESTA, one of Australia’s largest retirement funds.
Stewart has 20 years of industry experience and was most recently Director and Head of Communications for BNY Mellon Investment Management Asia Pacific.
Impact & Advocacy Group
As part of broader plans to expand its sustainability efforts, New Forests has also formed a new Impact & Advocacy group led by the CEO Radha Kuppalli.
Saleeba and Stewart will report to Kuppalli, who first joined New Forests in 2006.
âThe vision of New Forests is to consider forestry as a key sector in the transition to a sustainable future,â the statement said. “The Impact & Advocacy group […] ensure that New Forests uses this position and its track record of impact, to advocate for policies and frameworks that will support more investment in natural climate solutions and the circular bioeconomy. â
Expansion in progress
New Forests has grown in recent times and in addition to the latest hires, the asset manager also appointed former AMP Capital CFO and CFO Adrian Williams as CFO in January, as well as the politician. and veteran of physical commodities trading Christine Loh as an independent director. in May.
Founded in 2005, New Forests is present in Australia, New Zealand, Southeast Asia and the United States
It has a portfolio of AU $ 6 billion ($ 4.5 billion) of assets under management invested in 2.4 million acres covering sustainable forest plantations, natural forest conservation areas, projects carbon, rural land and row crops and wood processing.