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Judy Cotte joins Onex (TSX:ONEX) as Head of ESG

Finance
TSX:ONEX
09 June 2021 11:45 (EDT)

Onex Corporation (ONEX) has appointed Judy Cotte as Head of Environmental, Social, and (Corporate) Governance (ESG).

In this new position, Ms. Cotte will lead Onex’s ESG efforts, with a focus on enhancing Onex’ investment processes across its platforms, partnering with investors and clients to help meet investment objectives and aligning Onex with industry best practices.

“There is a strong connection between being responsible stewards of capital and having good ESG practices. Onex has been a responsible investor since our founding and we’re excited to welcome Judy to the team to further enhance our ESG efforts,” said Bobby Le Blanc, President of Onex and Head of Onex Partners.

“Our intention is to not only create investment value, but to have a more positive impact on the industries we invest in and the communities we serve. Judy will play an important role in the continued success of our firm.”

Ms. Cotte is a globally recognized expert on ESG and responsible investment, with the last twelve years of her career being exclusively focused in this area.

She is joining Onex from ESG Global Advisors, a firm she founded to bridge the gap between companies and investors on ESG factors.

Previously, Ms. Cotte was the Head of Corporate Governance & Responsible Investment for RBC Global Asset Management.

“We’ve seen positive momentum in the evolution of ESG practices,” said Ms. Cotte. “Onex has an opportunity to build on its strong foundation and create real value and drive strategic change directly from our own efforts and through partnering with the companies we invest in. I’m pleased to be joining a team that shares my belief that good ESG practices can have a significant positive impact for all stakeholders.”

Ms. Cotte will begin her new role in July and will report to Mr. Le Blanc.

Onex manages and invests capital on behalf of its shareholders, institutional investors and high net worth clients from around the world.

Onex has approximately $45 billion of assets under management, of which approximately $7.2 billion is its own investing capital.

ONEX Corporation is down 1.18 per cent, trading at C$86.27 per share at 11:40 am ET.

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