Poppy Allonby

T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), has announced that Poppy Allonby, an investment and environmental, social, and governance (ESG) leader with 20 years of asset management industry experience, will join the firm on June 6, 2022, as head of ESG Enablement.

In this new role, Allonby will join the ESG Leadership Committee and help execute the firm’s ESG strategy, driving cross-functional consistency and coordination of the strategy. In alignment with T. Rowe Price’s business strategies and ESG investing capabilities, she will oversee the firm’s corporate ESG positioning, global ESG product range, regulatory engagement, and go-to-market approach.

Allonby will be based in London and report to Eric Veiel, head of Global Equity and member of the Management Committee with oversight responsibility for the firm’s ESG investing, corporate, and operational activities. The other members of the ESG Leadership Committee are Donna Anderson, head of Corporate Governance for T. Rowe Price Associates, Inc. (TRPA); Maria Elena Drew, director of research for Responsible Investing for TRPA; and Chris Whitehouse, head of ESG for T. Rowe Price Investment Management, Inc.

“Our stakeholders, clients, employees, and shareholders are interested not only in how we invest, but also in how we behave as a firm,” said Veiel. “Poppy’s investing, strategy, and global leadership experience, as well as her broad sustainability and climate change expertise, will be invaluable as we advance our ESG strategy and deliver an integrated ESG vision for the firm. As we embed sustainability principles throughout our business, we look forward to benefiting from the perspective and innovative approach she will bring to the ongoing buildout of our operational ESG capabilities.”

Allonby most recently was head of Global Product, EMEA and APAC, for BlackRock, where she was instrumental in developing and delivering the sustainable product strategy for its active investment business. She was also responsible for product strategy, product development and structuring, and ongoing investment oversight for more than 1,000 funds with US$970 billion in assets under management across all asset classes. Previously at BlackRock, Allonby was a portfolio manager for multibillion-dollar global energy funds that invest across the traditional energy sector, as well as for dedicated sustainable energy funds investing in renewables, energy efficiency, automotive, and companies mitigating climate change.

She serves on the external advisory board of the Massachusetts Institute of Technology (MIT) Energy Initiative, MIT’s hub for energy research, education, and outreach. From 2016 to 2017,

Allonby served as a commissioner for the Energy Transitions Commission, a global multidisciplinary thought leadership group working to accelerate low-carbon energy systems. In 2016, the World Economic Forum recognized her as a “Young Global Leader.”

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T. Rowe Price Group, Inc., has announced it has joined the Net Zero Asset Managers initiative (NZAMI)^[1] to support the goal of net zero greenhouse gas emissions by 2050 or sooner, in line with global efforts to limit warming to 1.5 degrees Celsius.

In joining NZAMI, the firm is fortifying its commitment to providing investment products for clients with net zero ambitions.

“A growing number of our clients are setting net zero targets and require products that meet their needs,” said Rob Sharps, CEO and president of T. Rowe Price.

“Joining the Net Zero Asset Managers initiative enables us to help our clients meet their net zero ambitions in a manner compatible with our fiduciary duty to our clients. We are excited to be a part of this important initiative.”

“In establishing a net zero product range we want to promote a common industry standard, which we believe will ultimately provide better transparency for our clients,” said Maria Elena Drew, a director of research for Responsible Investing at T. Rowe Price.

“It is our intention that our net zero investment products will utilize the Paris Aligned Investment Initiative Net Zero Investment Framework, which is designed to allow for real economy transition to net zero.”

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