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Board of Directors

A multi-stakeholder Board of Directors governs GISR. Directors serve in their capacity as individuals. Affiliations are for identification purposes only.

Malcolm Fox, Board Member, ex officio; Executive Director, GISR

Malcolm joined GISR in July 2016 to lead its continued efforts to promote quality and excellence in the ESG ratings marketplace. Prior to his appointment, he held executive positions in finance, operations and business development at The Sustainability Consortium, Equitable Origin, Trucost and elsewhere.

Malcolm has over 25 years of experience providing services to multinationals focusing on the creation of business value through sustainability. As a consultant and non-profit leader, he has worked in a number of sectors internationally including automotive, green buildings, chemicals, extractives, electronics, food and other FMCG. He has particular expertise in ESG standards, management systems, measurement, performance and assurance.

Malcolm graduated from the Global Executive MBA program run jointly by Columbia and London Business Schools supplementing a Bachelor’s in chemistry from the University of Salford in England.

Dan Hanson, Portfolio Manager, Jarislowsky Fraser Ltd.; formerly Blackrock

Dan Hanson, CFA, is a US equity portfolio manager and a member of the research team with Jarislowsky Fraser USA.

Mr. Hanson has more than 20 years of experience in US and global equities, and US credit and mortgage securities. Prior to joining Jarislowsky Fraser Ltd. in 2013, Mr. Hanson spent 10 years at BlackRock, most recently as a Managing Director and Portfolio Manager. Mr. Hanson was the sole manager and architect of the BlackRock
Sustainable Large Cap Core portfolio, where he delivered top decile performance to shareholders over 5+ years, based on a bottom-up, high quality, long-term investment approach.

Previously, he spent six years at Bear Stearns, most recently advising on equity and debt financing and mergers & acquisitions. Earlier Mr. Hanson was a leveraged finance securities analyst. Prior to his time at Bear Stearns, he traded collateralized mortgage obligations and was assistant portfolio manager at Pine Tree Capital.

Mr. Hanson regularly comments for various media outlets, including The Wall Street Journal, The Financial Times, BusinessWeek, Bloomberg, and Reuters.

Mr. Hanson is a member of the board of the Sustainability Accounting Standards Board (SASB), and he is involved in a number of initiatives in the area of governance, corporate reporting and sustainable investing. He earned a BA degree, cum laude, in economics and French from Middlebury College, and an MBA degree in analytical finance and accounting from the University of Chicago.

Stephen Hine, Vigeo Eiris

Stephen is Director of Vigeo Eiris London having joined what was then EIRIS in 1989. He is on the Board of Vigeo Eiris London, EIRIS USA and the EIRIS CRN and is on the Executive Committee of Vigeo Eiris. Over many years he has worked to expand the market for responsible investment in Europe, North America and beyond. He also assists in the promotion of both Vigeo Eiris’ services for investors and of responsible investment (RI) in general, directly and through partnerships. He currently has overall responsibility for the UK operations of Vigeo Eiris including co-ordinating product development; assisting EIRIS’ marketing and communications strategy; helping to manage EIRIS Conflict Risk Network in the US; and working with the EIRIS Foundation, the largest shareholder in Vigeo Eiris. Stephen is also responsible for institutional relations at EIRIS, working with the local and multilateral bodies such Global Reporting Initiative (GRI), UK Sustainable Investment and Finance association (UKSIF), Eurosif, Principles for Responsible Investment (PRI) and governments amongst others. Stephen is on the steering committee working on the ARISTA Quality Standard for Corporate Sustainability and Responsible Research developed by ARISE.

Georg Kell, Arabesque Partners; formerly United Nations Global Compact

KellGeorg Kell is Vice Chairman of Arabesque Partners, an Anglo-German asset management firm offering a quantitative approach to sustainable investing.

He was the founding Executive Director of the United Nations Global Compact, the world’s largest voluntary corporate sustainability initiative with over 8,000 corporate signatories from more than 160 countries. Through his leadership, Georg helped to establish the Global Compact as the foremost platform for the development, implementation and disclosure of responsible and sustainable corporate policies and practices.

Georg also oversaw the conception and launch of the Global Compact’s sister initiatives, on investment, the Principles for Responsible Investment (PRI), and on education, the Principles for Responsible Management Education (PRME), together with the Sustainable Stock Exchanges (SSE) initiative.

Georg started his career as a research fellow in engineering at the Fraunhofer Institute in Berlin. He then worked as a financial analyst in various countries in Africa & Asia before joining the United Nations in 1987. A native of Germany, Georg holds advanced degrees in economics and engineering from the Technical University of Berlin.

Mindy Lubber, Ceres

LubberMindy S. Lubber is the president of Ceres and a founding board member of the organization. She also directs Ceres’ Investor Network on Climate Risk (INCR), a group of 120 institutional investors managing nearly $13 trillion in assets focused on the business risks and opportunities of climate change.

Under Mindy’s leadership, Ceres launched The 21st Century Corporation: The Ceres Roadmap for Sustainability, a visionary practical guide highlighting environmental and social performance improvements companies and investors must achieve to succeed in the resource-constrained 21st century global economy. She also helps coordinate Ceres’ Business for Innovative Climate & Energy Policy (BICEP), a coalition of more than 20 leading consumer brand companies advocating for strong climate and clean energy policies in the U.S. and abroad.

In 2010, Mindy was honored by the United Nations and the Foundation for Social Change as one of the “World’s Top Leaders of Change” for her work in mobilizing leading companies to integrate environmental challenges into core business strategies. She is a recipient of the Skoll Award for Social Entrepreneurship and was named one of “The 100 Most Influential People in Corporate Governance” by Directorship magazine.

Bob Mann, Sustainalytics

In his present role as Chief Operating Officer, Bob manages Sustainalytics’ executive team and works closely with the CEO to set the company’s strategic priorities. He joined Sustainalytics in 2007 and as Director of Indices oversaw the firm’s flagship product, the Jantzi Social Index. He also helped to establish the company’s Sustainability Services team, which has grown to become one of the firm’s leading business lines.

Alongside his work at Sustainalytics, Bob is a member of the board of directors for Canadian Business for Social Responsibility (CBSR). He has worked with the organization for many years, helping corporate leaders improve their understanding of how corporate social responsibility performance is measured by ranking and rating organizations. Bob speaks regularly on the topics of responsible investing and environmental, social and governance rating and analysis. He also sits on the advisory committee for York University’s Centre of Excellence in Responsible Business and the board of directors for the Sustainability Network.

Sabine Miltner, Program Director, Conservation and Markets Initiatives, Gordon and Betty Moore Foundation


Sabine Miltner is a senior finance professional with wide-ranging experience in sustainability/climate change and developing countries. She is currently Program Director, Conservation and Markets Initiatives at the Gordon and Betty Moore Foundation. She serves on the Boards of IUCN-US (International Union for the Conservation of Nature) and GISR, the global sustainability ratings initiative.

Through April of 2015, Sabine was Managing Director and Group Sustainability Officer at Deutsche Bank AG. She built and oversaw the global rollout of a bank-wide risk management system to assess environmental and social risks for all business transactions. She worked with DB business heads on new market opportunities and the development of client products, spanning public private partnerships for sustainable agriculture, pilot projects for renewable energy in Africa and green bonds issued in international capital markets. Sabine revamped the Bank’s sustainability reporting and engaged with many of Deutsche Banks’s shareholders and other stakeholders on its sustainability strategy. She joined the Bank’s London operation in 2007 as chief of staff in the Vice Chairman’s office. In that role, she led the development and implementation of the Bank’s first global business strategy around climate change.

Prior to Deutsche Bank, Sabine headed the Emerging Markets Policy Department at the Institute of International Finance (IIF), the global association of financial institutions, in Washington DC and was a member of the executive team. She worked with member firms, international organizations and emerging market governments to improve conditions for private investment in developing countries. Sabine started her career as an economist at the International Monetary Fund working in Africa, Eastern Europe and the Caribbean.

Sabine was born and raised in Germany and graduated from Harvard University with a Ph.D. in economics. She lives in Washington DC with her husband and son.

Susanne Stormer, Vice President of Corporate Sustainability, Chief Sustainability Officer, Novo Nordisk


Susanne leads Novo Nordisk’s efforts to be a sustainable business and is charged with management of corporate sustainability-driven programmes, the integrated Annual Report, stakeholder engagements and communication on the value of the company’s Triple Bottom Line (TBL) business principle.

In this capacity she sets the strategic direction for the company’s positioning as a sustainability leader and a pioneer in demonstrating the long-term business value of incorporating economic, social and environmental perspectives into its market proposition.

Susanne joined the Novo Group in 2000 to ingrain the TBL principle in the business as the lens for decision-making and a strong component of the corporate culture. Among her achievements are the successful integration of the company’s financial and sustainability reporting. She represents Novo Nordisk to the UN Global Compact LEAD group, and the Global Business Initiative on Human Rights. She is appointed member of the International Integrated Reporting Council, and member of the Board of the Access to Nutrition Foundation. She was member of the initial Advisory Board of the Sustainability Accounting Standards Board. In 2013 she was appointed adjunct professor of Corporate Sustainability at the Copenhagen Business School and in 2016 she joined the UC Berkeley-Haas School of Business as a Berkeley Social Impact Fellow.

In previous roles, she worked as a strategic communication advisor, specialising in managing environmental and social issues and stakeholder relations for private sector organisations, public institutions and city, national and EU administrations. Since 1998, she has built a deep professional experience in the field, and through her role in Novo Nordisk she has earned international recognition as an innovator and thought leader on sustainability.

Susanne holds a MA in English Studies and a BA in East Asian Area Studies, both from Aarhus University, Denmark. She is a graduate of the Stanford Business Executive Programme.

Mark Tulay, Director, Strategic Investor Initiative, CECP

TulayMark Tulay is the Program Manager and COO for Global Initiative for Sustainability Ratings (GISR). He is also the Founder and CEO of Sustainability Risk Advisors which advises institutional investors and multinational corporations.

Mark has served in leadership roles in sustainability initiatives for over 20 years. As Program Director and the first employee of Ceres, he was involved in the early stages of the Global Reporting Initiative (GRI). He worked at the Nature Conservancy, where he managed a $60 million campaign to protect over a million acres of critical habitat in Massachusetts. He served in leadership positions at several sustainability research providers and investment firms, including Citizens Funds and KLD. He was the Head of Sustainability Research and Ratings for RiskMetrics (now MSCI).

Mark is a frequent speaker on ESG issues and conferences from Dubai, Europe and South Korea. He has written extensively on the investor response to the BP Deepwater Horizon spill. His coverage on sustainability issues includes Fortune Magazine, The Washington Post, Business Ethics, Boston Globe, CSR Wire,, Sea Change Radio, NPR, and other prominent sustainability journals. He is currently writing a white paper with on Sustainability Ratings 2.0: The Transition to Sustainable Markets.

Mark holds an MBA from Northeastern University.

Allen White, GISR Founder and Board Member Emeritus; Tellus Institute; Co-Founder, GRI

WhiteDr. Allen L. White is Vice President and Senior Fellow at the Tellus Institute in Boston, MA, and directs the institute’s Program on Corporate Redesign. In 1997, he co-founded the Global Reporting Initiative ( and served as its Acting CEO until 2002. In 2004, he co-founded and is now Director of Corporation 2020 (, an initiative focused on designing future corporations to create and sustain social mission.

For his expertise in sustainability strategy, policy, tools and standards, Dr. White has been engaged by: multilateral organizations such as the World Bank and Inter-American Development bank; foundations such as the Pew Charitable Trusts and the UN Foundation; numerous Fortune 500 companies; US EPA; and NGOs such as Oxfam and People4Earth. Dr. White has held faculty and research positions at the University of Connecticut, Clark University and Battelle Laboratories, and is a former Fulbright Scholar in Peru. He was Founding Chair of GAN-Net/iScale and has served on boards, advisory groups and committees of the International Corporate Governance Network, Civic Capital, Instituto Ethos (Brazil), the New Economy Network, New Earth/Earthster, and the Initiative for Responsible Investment at the JFK School, Harvard University.

Since 2005, Dr. White has served as Senior Advisor to Business for Social Responsibility and to CERES as a principal architect of the first standardized environmental reporting framework in the years following launch of the organization in 1990. He is co-author of Corporate Environmentalism in a Global Economy and has published and spoken widely on corporate design, sustainability, accountability and governance.