Sustainability Research Analysts 

Calvert has one of the largest teams of sustainability research analysts in the U.S. Each analyst specializes by social issue and sector. In addition to evaluating companies for inclusion in the Calvert portfolios, the analysts are active in encouraging companies to improve through our shareholder advocacy strategies.

Staff Biographies

Bennett Freeman, Senior Vice President for Social Research and PolicyBennett Freeman, Senior Vice President, Sustainability Research and Policy
Mr. Freeman leads Calvert's Sustainability Research Department and oversees its company research and analysis as well as its policy and advocacy work. From 2003 until early 2006, he led Burson-Marsteller's Global Corporate Responsibility practice advising multinationals on policy development, stakeholder engagement and communications strategies related to human rights, labor rights and sustainable development. During the Clinton Administration he served in three positions as a presidential appointee in the State Department, most recently as Deputy Assistant Secretary for Democracy, Human Rights and Labor from 1999 to early 2001. In that capacity, he led the development of the Voluntary Principles on Security and Human Rights, the first human rights standard forged by governments, companies and NGOs for the extractive sectors. Earlier in his career he was Manager-Corporate Affairs for General Electric and a presidential campaign aide to former Vice President Walter Mondale. Mr. Freeman serves on the Boards of Oxfam America, the Institute for Business and Human Rights, the Revenue Watch Institute, the Global Network Initiative (GNI), the Genocide Intervention Network and EG Justice. From 2006-09 he served on the Board of the Extractive Industry Transparency Initiative (EITI) representing Oxfam. He is a member of the Council on Foreign Relations as well as a frequent speaker and media commentator on sustainable investment, corporate responsibility, human rights and U.S. foreign policy. Mr. Freeman received an MA in Modern History from the University of Oxford, where he studied as an English Speaking Union Churchill Scholar at Balliol College, and an AB in History from the University of California at Berkeley.

Stu Dalheim, Director, Shareholder AdvocacyStu Dalheim, Vice President, Shareholder Advocacy
Mr. Dalheim has led Calvert's shareholder advocacy program, which continues to grow as Calvert engages with more companies through direct dialogue, standard-setting exercises and partnerships as well as shareholder resolutions, since 2005. Mr. Dalheim has focused on corporate governance, transparency and environmental issues and works with policy makers and regulators to advance the interests of sustainable and responsible investors. Stu was the lead author on a Calvert report that benchmarked the environmental programs and performance of major U.S. homebuilders in 2008 and co-author of a 2010 report that assessed corporate board oversight of environmental and social risks. He serves on the board of the Sustainable Business Network of Washington. He earned a BA in philosophy from Wesleyan University and is a LEED accredited professional.

Stephanie Cuttler, Senior Social Research Analyst/Manager, Research and AnalyticsStephanie Cuttler Aument, Senior Sustainability Analyst and Manager, Research and Analytics
As a Product Safety Analyst, Ms. Aument researches product safety, public health, consumer fraud, and other product-related issues with particular emphasis on the pharmaceutical and medical device industries. As Manager, Research and Analytics, she oversees the Sustainability Research Department's ongoing efforts to enhance its research methodology and analytical decision-making processes. Prior to joining Calvert in 2004, she worked in the sustainable development group at Dow Chemical Company and as an environmental analyst with the Investor Responsibility Research Center. She earned an MBA and MS in Environmental Policy from the University of Michigan and a BS in Environment Science and Policy from the University of North Carolina at Chapel Hill.

Paul BugalaPaul Bugala, Senior Sustainability Analyst
As an Extractive Industries Analyst, Paul Bugala heads environmental, social and governance (ESG) research and advocacy for the oil, gas and mining industries. Mr. Bugala is a member of sustainability advisory committees for Newmont Mining, Suncor Energy and Sunoco. He has spoken widely on extractive industries sustainability issues at venues such as the World Bank, the U.S. State Department, and meetings of the International Accounting Standards Board and has been quoted by The Wall Street Journal, The Economist, Bloomberg, Reuters, and many other news sources. He has been working in the segment of extractive industries since 2004. Prior to joining Calvert, he worked in the Extractive Industries Program at Oxfam America; and before joining Oxfam America, Mr. Bugala was a senior analyst at IDC Research. Mr. Bugala also earned a B.S. from the E.W. Scripps School of Journalism at Ohio University.

Rebecca Schlesinger Henson, Social Research Analyst Rebecca Schlesinger Henson, Senior Sustainability Analyst
As an Environment Analyst, Ms. Henson focuses on climate change, renewable energy, and energy efficiency and is currently responsible for analyzing the auto, homebuilding, and insurance industries. Prior to joining Calvert in 2007, Ms. Henson worked at David Gardiner & Associates, where she provided expertise in renewable energy policy and climate risk disclosure. She earned an MA in political studies with a concentration in environment and energy from the University of Bath (UK) and a BA in history from Vanderbilt University. She currently serves on the board of DC Greenworks and the Women's Climate Initiative.

Ellen B. Kennedy, Senior Social Research AnalystEllen B. Kennedy, Senior Sustainability Analyst
Ms. Kennedy leads Calvert’s environment program, coordinating the advocacy and research of Calvert’s sustainability analysts working on climate change, water scarcity, energy, toxics, and other environmental issues. She has focused her own research and advocacy on the consumer staples sector for the past decade, particularly on farm-to-fork sustainability within food companies, and biodiversity. Ms. Kennedy also works on the integration of financial and sustainability analysis with Calvert’s Equity team. Prior to joining Calvert in 2000, Ms. Kennedy was a program officer for Winrock International, managing alternative energy, agriculture, and gender projects in Latin America and Africa. Before joining Winrock in 1995, she organized technical training programs for environmental advocates and tribes for the Institute for Energy and Environmental Research. Ms. Kennedy holds an M.A. from UC Berkeley and a B.A. from Haverford College. She is fluent in Spanish and Portuguese.

Erica Lasdon, Senior Social Research Analyst/Manager, PortfolioErica Lasdon, Senior Sustainability Analyst and Manager, Portfolio
As a Human Rights and Corporate Governance Analyst, Ms. Lasdon focuses on the biotechnology, metal production, water and internet industries. As Manager, Portfolio, she manages the department's relationships with the subadvisors for Calvert's screened equity portfolios. Prior to joining Calvert in 2005, Ms. Lasdon served as Deputy Director of Research for People for the American Way Foundation, where she authored numerous reports on civil rights and civil liberties issues. She earned a BS in Biology and a BA in History from the University of California at San Diego.

Mike Lombardo, Senior Sustainability Analyst and Manager, Index
As a Workplace Practices Analyst, Mr. Lombardo focuses on analyzing corporate practices and trends in labor relations, workplace diversity, and worker health and safety with particular emphasis on the transportation, manufacturing and apparel industries. His advocacy efforts have centered on working with companies to increase their overall sustainability reporting, particularly in high impact industries. As Manager, Index Team, Mr. Lombardo manages the company's research work related to the Calvert Social Index®. His professional experience includes international development and policy—with a focus on governance and human rights—at the World Bank, on Capitol Hill, and with several international development organizations. He earned an MALD in International Relations from the Fletcher School at Tufts University and a BA in Psychology from Boston College.

Reed Montague, Social Research AnalystReed Montague, Sustainability Analyst and Calvert Special Projects
As an Indigenous Peoples' Rights and Product Marketing Analyst, Ms. Montague specializes in the healthcare, advertising, entertainment, toy and commercial services industries. She also works on a variety of projects that further the company's social responsibility. She previously worked in several other areas at Calvert including executive, social products and policy, marketing, corporate communications, public relations and socially responsible investing, all of which have given her a strong understanding of company business. She managed the company's relationship with the Calvert Social Investment Fund Advisory Council for many years, handled strategic partnerships and helped launch the Calvert Foundation. Prior to joining Calvert, she worked in the fields of business ethics and international trade. She earned a BA in Psychology and Yugoslav Studies from Connecticut College and is FINRA Series 7 licensed.

Shirley Peoples, Senior Social Research Analyst/Manager, Proxy Voting Shirley Peoples, Senior Sustainability Analyst and Manager, Proxy Voting
As a Community Relations Analyst, Ms. Peoples analyzes the corporate citizenship of companies and focuses on the financial services industry with emphasis on the US and international banking sector. She has successfully engaged several financial institutions in dialogues urging them to improve their community relations records. Ms. Peoples is also responsible for the development and implementation of Calvert's proxy voting guidelines. Prior to joining the department in 1994, she worked in Calvert's legal department beginning in 1990, and worked in the nonprofit sector prior to that. She earned an MM from the University of Phoenix and a BA in Education/History/Political Science from Spring Hill College.

Gabriel Thoumi, CFA, Senior Sustainability Analyst and Manager, EnvironmentGabriel Thoumi, CFA, Senior Sustainability Analyst and Manager, Environment
Gabriel Thoumi, CFA, Certified Ecologist, LEED AP, works on the Environment Team integrating financial analysis with ESG factors and engages corporations on financed emissions. Mr. Thoumi has 15 years’ experience in institutional funds management at various public and private sector institutions, and 8 years’ experience in financing sustainability working in 28 countries. He has deep methodological, scientific, and financial knowledge implementing green investment strategies for capital markets, NGOs, and governments. Mr. Thoumi holds an M.B.A. and M.Sc. from the University of Michigan.

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