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Phil Angelides has been awarded the fifth-annual Joan Bavaria Award for Building Sustainability into the Capital Markets. Angelides is currently President of Riverview Capital Investments, a real estate investment firm which focuses on clean energy projects and sustainable urban development. From 1999 to 2007, he served as California’s State Treasurer. During his eight years in elected office, Angelides called for a renewed push in shareholder activism and launched the Green Wave Initiative, encouraging investment in green technologies and urging companies to address the financial risks of climate change and reduce their energy consumption.
The Bavaria Award is presented by Ceres and Trillium Asset Management each year to honour an inspiring leader working to move capital markets toward a system that balances economic prosperity with social and environmental concerns.
The award is in memory of Joan Bavaria, a pioneer of social investing who founded Ceres and Trillium Asset Management.
“Phil’s actions were bold and transformational, given that at the time, no other state pension fund had taken steps to incorporate environmental impact into their investments,” said Trillium’s ceo Matt Patsky.
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