ESG consultancy Third Economy adds Bob McCormick as senior advisor

Third Economy, a San Francisco sustainable investment research and consulting firm, has welcomed Bob McCormick as a senior advisor.

McCormick brings 35 years of experience in financial services, with a focus on corporate governance and ESG. He most recently served as managing director and now as an advisory council member at PJT Camberview, a shareholder advisory firm providing advice to public companies on shareholder relations, activism and contested situations, sustainability, and corporate governance.

McCormick previously spent a decade at proxy advisory services firm Glass Lewis, where he served as chief policy officer responsible for managing the research and proxy voting recommendations of over 20,000 reports annually covering public companies in over 100 countries. Before that, he served as director of investment proxy research at Fidelity Investments, managing the annual voting of over 5,000 securities worth $1 trillion held in Fidelity mutual funds.

McCormick has a law degree from Quinnipiac University and a bachelor’s degree from Providence College.

“As investors and companies build their ESG and related capabilities, Bob's expertise will ensure that they focus on the aspects that will derive maximum financial return and resonate with investors and other stakeholders" said Chad Spitler, CEO of Third Economy. "We are excited to have Bob join our rapidly growing company to help our clients and support our mission to accelerate the sustainability of the global capital markets."

Third Economy was founded in 2018 and helps corporations and institutional investors understand how sustainability factors affect financial value. The firm works with clients to assess, build, and promote corporate ESG capabilities – developing strategies for long-term sustainability that boost ESG ratings and satisfy investors and stakeholders.

Third Economy’s services include materiality assessments, which enable clients to determine the ESG factors most important to internal and external stakeholders. The firm also provides sustainable investing and ESG services for asset managers, including outsourced chief sustainable investment office (CSIO) services.

Third Economy has more than 20 professionals.

"I am thrilled to be joining the dynamic team at the leading ESG advisor Third Economy,” McCormick said. “I look forward to working closely with clients and colleagues to support efforts to capitalize on sustainable growth opportunities."