Calvert Impact Appoints Andrew Marino as New Board Chair, Marking Leadership Transition

Calvert Impact, a global nonprofit investment firm dedicated to driving positive social and environmental change through capital markets, has announced a significant leadership transition with the appointment of Andrew Marino as its new board chair.

Marino, a partner at Summa Equity, brings extensive experience in private market investment and corporate governance, particularly in impact and climate-oriented investing. His appointment, effective January 1, follows the decade-long tenure of outgoing chair Bart Harvey, who played a crucial role in shaping the organization's strategic direction.

With a professional background that includes senior roles at Generate Capital and The Carlyle Group, Marino is well-positioned to guide Calvert Impact through its next phase of growth. He currently leads Summa Equity's North American activities and serves on the board of Climate United, a coalition that manages part of the National Clean Investment Fund.

CEO Jennifer Pryce highlighted the significance of Marino's appointment, noting that the organization is in the process of developing a new strategic plan. His expertise and energy are expected to be instrumental in implementing this roadmap and advancing the firm's mission of mobilizing capital for social and environmental impact.

Harvey's departure marks the end of a transformative decade during which Calvert Impact significantly expanded its influence. As the former chairman and CEO of Enterprise Community Partners, Harvey was instrumental in creating innovative financing mechanisms for affordable housing, including the Low-Income Housing Tax Credit and the Green Communities initiative.

Throughout his tenure, Harvey helped Calvert Impact mobilize over $5 billion to support mission-driven funds and organizations. His leadership has been pivotal in positioning the firm as a key player in impact investing, focusing on creating tangible benefits for communities through strategic financial solutions.

The leadership transition comes at a critical time for impact investing, as investors and organizations increasingly seek opportunities that generate both financial returns and positive social and environmental outcomes. Marino's appointment signals Calvert Impact's continued commitment to innovative approaches in addressing global challenges through strategic investment.

With a track record of supporting initiatives that benefit people and the planet, Calvert Impact continues to demonstrate the potential of using capital markets as a force for positive change. The organization's diverse range of products, including the Community Investment Note, Cut Carbon Note, and Climate United, underscores its multifaceted approach to impact investing.