Cape Town, 1 October 2015: Standards & Legal announced that Malcolm Gray, ex-Global Head of ESG at Investec Asset Management, will be joining the company from 1 October 2015 as a non-executive director. Gray has also invested in SustainEnable (Pty) Ltd, the holding company which currently owns 100% of Standards & Legal.
Gray will be working with management on Standards & Legals’s expansionary plans, including its ambitious plans for Libryo, the company’s technology platform.
Gray has spent the last 16 years working at Investec Asset Management, in various roles, but ultimately as the Global Head of Environment, Social and Governance (“ESG”). Increasingly ESG factors are growing in importance for both corporates and their shareholders. Good ESG performance by companies is being recognised as material to sustainable financial outperformance.
One of the fathers of ESG
“Malcolm is one of the fathers of ESG in South Africa, having pioneered ESG in the asset management industry, long before it was even called ‘ESG’ by the industry,” says Peter Flynn, Managing Director of Standards & Legal, “we are delighted to have him both as a investor and colleague, and we are confident that his input will assist us to take our business to the next level, through increased product and service innovation for our customers.”
Gray was part of the working group that drafted Regulation 28 to the Pension Funds Act of South Africa, specifically the preamble which provides a world-leading ESG focus for Pension Funds. “Malcolm’s ESG financial expertise complements the existing strengths of the company’s multidisciplinary team, which already has experts in the domains of law, science and technology,” says Garth Watson, Head of ESG Legal at the company. “Also, Malcolm is a great fit – we all get on very well and have a shared passion and belief about what a sustainable and prosperous future looks like,” says Watson.
Exciting future for Standard & Legal
“We are excited about the future of Standards & Legal, as we focus on bolstering our existing platform to become the ESG platform of choice for operations physically located on the African continent and their investors,” says Flynn, “having Malcolm on board significantly strengthens our ability to execute on our strategy. We are also excited about the potential growth many other applications for Libryo, around the world.”
“Standards & Legal demonstrates a wonderful blend of young and smart thinkers with a powerful technology solution, seeking to help companies understand and meet their environmental and social obligations” says Malcolm Gray, “I am excited to be part of this team as we look to take our business to the next level.”
Standards & Legal, a signatory of the United Nations Principles of Responsible Investment, is a leading ESG management standard and legal compliance consultancy, servicing a number of large blue-chip corporations in South Africa and other African countries. Using its breakthrough technology platform, Libryo, Standards & Legal’s Platform, corporates, portfolio companies, private equity and infrastructure projects can ensure that their ESG obligations are known and met.