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 environmental, social and governance analysis, shareholder advocacy and public policy initiatives and its team of sustainability research analysts. He has developed the investment themes for new Calvert funds and contributed to Calvert’s leadership on issues such as Sudan divestment and human rights in Burma; extractive revenue transparency and conflict minerals; Internet freedom of expression and privacy; water sustainability and climate policy; and corporate governance and board diversity.

Mr. Freeman is Chair of the Advisory Board of Global Witness; a Trustee and International Advisory Board member of the Institute for Human Rights and Business; Board Secretary of the Global Network Initiative; and a member of the Governing Board of the Natural Resources Governance Institute. He served on the Board of Oxfam America from 2002-10 and represented Oxfam on the Board of the Extractives Industries Transparency Initiative from 2006-09.  

Mr. Freeman served as a presidential appointee in three positions at the U.S. Department of State during the Clinton Administration. As Deputy Assistant Secretary for Democracy, Human Rights and Labor from 1999-2000, he was responsible for the Department’s bilateral human rights diplomacy around the world. In that capacity, he led the year-long multi-stakeholder dialogue and negotiation to develop and launch the Voluntary Principles on Security and Human Rights as the global human rights standard for oil, gas and mining companies operating in conflict zones. He previously served as Senior Advisor to Under Secretary for Business and Economic Affairs Stuart Eizenstat from 1997-98, and as Deputy Assistant Secretary of State for Public Affairs and Chief Speechwriter for Secretary Warren Christopher from 1993-96. 

Before joining the State Department, Mr. Freeman was Manager-Corporate Affairs for General Electric from 1985-1993 working on a range of domestic and international public affairs, public policy and corporate responsibility issues and initiatives. He began his career as a presidential campaign speechwriter and aide to former Vice President Walter Mondale from 1982-84.

Bennett Freeman earned an MA in Modern History from the University of Oxford, where he was 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.
Find Mr. Dalheim on Twitter: @StuDalheim

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.

Shade BrownShadé Brown, Sustainability Analyst
Shadé Brown’s research and advocacy efforts center on corporate diversity practices. She serves as a primary point of contact for the Calvert Women’s Principles. Ms. Brown is also responsible for analyzing the capital goods and transportation industries. Her professional experience includes social research in ethics, diversity and negotiations with the Stanford Graduate School of Business and economic, conflict, and policy analysis with federal institutions and international non-governmental organizations. During graduate school Ms. Brown conducted labor and human rights analysis with the Overseas Private Investment Corporation. Prior to joining Calvert she consulted with Center for Sustainable Economics at the United States Institute of Peace, where she contributed to the Institute’s work on women’s economic empowerment and economic development in fragile states. Ms. Brown earned a B.A. in Economics and Psychology from Smith College and an M.A. in Conflict Resolution from Georgetown University.

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.
Find Mr. Bugala on Twitter: @PaulBugala

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.

Emily Zivanov Kaiser, Sustainability AnalystEmily Z. Kaiser, Sustainability Analyst
As a sustainability analyst, Ms. Kaiser conducts research and advocacy focused on corporate governance and human rights. Prior to joining Calvert, Ms. Kaiser worked as a legal fellow with the Solidarity Center, AFL-CIO, where she contributed to programs addressing international human trafficking, labor migration, and rule of law. While in law school, she held positions with the U.S. Department of Labor, the Office of the U.S. Trade Representative, the U.S. Agency for International Development, and the Public International Law and Policy Group. Ms. Kaiser’s professional experience also includes strategic planning and program development work with international civil society organizations. Between 2007 and 2010, she worked in Cairo, Egypt, with Ashoka: Innovators for the Public and the Association for the Development and Enhancement of Women. Ms. Kaiser earned a B.A. in international relations from Tufts University, and a J.D. from American University, Washington College of Law. Ms. Kaiser is an attorney licensed to practice in Maryland.
Find Ms. Kaiser on Twitter: @EmilySRI

Ellen B. Kennedy, Senior Social Research AnalystEllen B. Kennedy, Manager, Environment, Water and Climate Change
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.
Find Ms. Kennedy on Twitter:  @ESGEllen

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.
Find Mr. Lombardo on Twitter:  @Mike4Sustain

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
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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