Columbia Business School Awards 2012 Botwinick Prize in Business Ethics to Barbara Krumsiek, Chair, President, and CEO of Calvert Investments

NEW YORK, Nov. 27, 2012 /PRNewswire/ -- Barbara Krumsiek, Chair, President, and CEO of Calvert Investments, has been selected to receive Columbia Business School's 2012 Botwinick Prize in Business Ethics. The Botwinick Prize is an annual award recognizing an outstanding leader who exhibits the highest standard of ethical conduct in business or the professions. It is organized by the Sanford C. Bernstein & Co. Center for Leadership and Ethics, the umbrella for leadership and ethics activities at Columbia Business School. Ms. Krumsiek was awarded the Botwinick Prize for her commitment to ethical leadership and values at Calvert Investments, which is a globally recognized leader in the field of sustainable and responsible investing.

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Ms. Krumsiek was honored with the award on Monday evening. During the ceremony, Ms. Krumsiek spoke to Columbia Business School students about her insights about this field from her career, spanning more than three decades in investment management, and the company's innovative strategies that link sustainability with financial performance.

Columbia Business School Dean Glenn Hubbard commented, "The School is proud to recognize Ms. Krumsiek as an exemplary leader who has been committed to encouraging sustainable and responsible investing at Calvert. She is a terrific role model for our students, the broader business community, and women worldwide."

Ms. Krumsiek currently serves as Co-Chair of the United Nations Environment Programme - Finance Initiative, a partnership between the United Nations Environment Programme and 200 financial institutions around the globe mandated to develop and promote the links between sustainability and financial performance. Under her leadership at Calvert, the Calvert Women's Principles were created in 2004, marking the first global code of corporate conduct focusing exclusively on empowering, advancing, and investing in women worldwide.

Ms. Krumsiek currently serves on several private and nonprofit boards. She is a board member of Pepco Holdings, Inc., Chair of the Board of the Eugene and Agnes E. Meyer Foundation, a Trustee of the Federal City Council, and on the Board of the Girl Scouts USA. She is a former Chair of the Greater Washington Board of Trade. She graduated from Douglass College, Rutgers University where she received a bachelor's degree in mathematics. She received a master's degree in mathematics from the Courant Institute of Mathematical Sciences, New York University. Ms. Krumsiek, a native New Yorker, resides in Washington, DC with her husband, Bart Leonard.

Calvert Investments is an investment management company that manages over $12 billion in assets, and is a pioneer in combining research analysis of a company's fundamental financial performance with its environmental, social, and governance (ESG) practices.

The Botwinick Prize in Business Ethics was established with a generous endowment from Columbia Business School alumnus Benjamin Botwinick, BS '26, and his wife, Bessie.

Previous recipients of the Botwinick Prize in Business Ethics include: Mikael Ohlsson, President and CEO for the IKEA Group; Peter Blom, CEO of Triodos Bank; Craig R. Barrett, retired CEO and Chairman of Intel Corporation; Jeffrey Immelt, CEO and Chairman of General Electric; Patrick Cescau, Group Chief Executive of Unilever; James Sinegal, President and CEO of Costco Wholesale Corporation; and Joan Bavaria, Founding President and CEO of Trillium Asset Management.

About Calvert Investments
Calvert Investments (www.Calvert.com) is a diversified investment management company that offers mutual funds and separate accounts to institutional investors, retirement plans, financial intermediaries, and their clients. A leader in Sustainable and Responsible Investments (SRI), we offer investors a broad array of equity, bond, cash, and asset allocation strategies featuring integrated environmental, social, and governance research. Founded in 1976 and based in Bethesda, Maryland, Calvert Investments managed assets of more than $12 billion as of October 19, 2012.

About the Sanford C. Bernstein & Co. Center for Leadership and Ethics
The Sanford C. Bernstein & Co. Center for Leadership and Ethics is the umbrella for leadership and ethics activities at Columbia Business School and an active forum for thought-leadership for the teaching and research on the ethics and governance challenges confronting the current and next generation of global business leaders. For more information, visit www.gsb.columbia.edu/leadership/.

About Columbia Business School 
Led by Dean R. Glenn Hubbard, the Russell L. Carson Professor of Finance and Economics, Columbia Business School is at the forefront of management education for a rapidly changing world. The School's cutting-edge curriculum bridges academic theory and practice, equipping students with an entrepreneurial mindset to recognize and capture opportunity in a competitive business environment. Beyond academic rigor and teaching excellence, the School offers programs that are designed to give students practical experience making decisions in real-world environments. The School offers MBA and Executive MBA (EMBA) degrees, as well as non-degree Executive Education programs. For more information, visit www.gsb.columbia.edu.

SOURCE Columbia Business School