We are Engine No. 1 — an investment firm purpose-built to create long-term value by harnessing the power of capitalism. We believe a company’s performance is greatly enhanced by the investments it makes in workers, communities, and the environment. We believe that over time the interests of Main Street and Wall Street align, and we can engage as active owners to create value by focusing on this alignment. Join us
A New Way of Seeing Value.
We share an emerging view of value creation. One that takes into account a company’s impact and the ways that impact drives shareholder value. Over the long-term, we believe shareholder and stakeholder interests converge, and companies that invest in their stakeholders are better, stronger companies as a result.
We are investors and builders who believe that you have to engage to effect change.
Chris James
Prior to founding Engine No. 1, Chris founded and built asset heavy companies in industries in transition located in Illinois, Louisiana, and Texas. He has also been an investor in the technology sector for nearly three decades, including as the founder of Partner Fund Management and co-founder of Andor Capital Management.
Charlie Penner
Charlie focuses on enhancing value within companies through active shareholder engagement. Prior to Engine No. 1, he was a Partner at JANA Partners LLC, where he most recently led the firm’s impact investing effort.
Jennifer Grancio
Jennifer has over 20 years of financial services industry experience, having previously served as a founder and senior executive within BlackRock’s iShares business. She is on the board of Ethic, a fintech company focused on sustainable investment.
Madeline Hawes
Madeline has advised on early-stage technologies at Google X and Earnin, an Andreessen Horowitz portfolio company. She was previously an investment analyst within Goldman Sachs Asset Management.
Michael O'Leary
Michael was a founding member of Bain Capital Double Impact and an investor with Bain Capital’s private equity funds. He is the author of ‘Accountable: The Rise of Citizen Capitalism.’
Edward Sun
Ed has over 20 years of investment experience, most recently as a Partner and Portfolio Manager at Partner Fund Management, and earlier in his career as co-founder of BlackShip Capital Management and a Partner at Andor Capital Management.
David Swift
David has executed business development, strategic planning, and fundraising initiatives across a wide variety of investment strategies, including at Partner Fund Management where he was responsible for new business initiatives globally.
Engine No. 1 in the news
FORBES: EN1 Versus Exxon: This David Wants To Strengthen His Goliath
– I love David vs. Goliath stories. There’s a new David in town, and he’s taking on one of the biggest Goliaths ever: Exxon Mobil XOM +2.8% The name of our idealistic young sling-shooter is Engine No. 1, an amiable name for Chris James’s stakeholder-activist investment fund.
FORBES: ExxonMobil’s Investor Magical Mystery Tour (Is Waiting To Take You Away!)
– By ignoring the economic realities of climate change, ExxonMobil has been on a path of value destruction for 10 years. This problem can be solved. Shareholders need to vote for all four in a slate of highly qualified board directors with broad energy experience nominated by Engine No 1.
HBR: Can a Tiny Hedge Fund Push ExxonMobil Towards Sustainability?
– Something interesting is happening among shareholders of the energy giant ExxonMobil, which may usher in a new era in activist investing. A new activist hedge fund, Engine No. 1, is pushing widespread reform at Exxon through its “Reenergize Exxon” campaign.
FINANCIAL TIMES: Olive is the New Green in Fighting Climate Change
– If this week is anything to go by, 2021 will be the “Year Of Green”… Meanwhile, ExxonMobil, America’s largest oil major, is considering further cuts to fossil fuel investments and more spending on sustainable technologies.
CNBC: How One Firm could be Leading the Future of ESG Activism
– 17-day-old firm Engine No. 1 is pushing Exxon to invest in more clean energy. CNBC’s Leslie Picker reports on how it differs from traditional ESG activism.
THE DEAL: Ex-Jana, BlackRock Execs Launch ESG Vehicle
– Charlie Penner, a former partner at Barry Rosenstein’s activist fund Jana Partners, joined Engine No. 1, a new environmental, social and governance-focused investor, which also includes experts in PE and ETF investing.
FUNDFIRE: Tech Fund Founder James Embraces Impact Investing with New Firm
– Chris James, the founder of Partner Fund Management and co-founder of Andor Capital Management - formerly one of the largest tech hedge funds - is launching an impact investment firm, Bloomberg reports.
BLOOMBERG: Hedge Fund Veteran Chris James to Start Impact-Investing Firm
– Chris James, who co-founded one of the biggest technology hedge funds in the early 2000s, is starting a firm to invest in companies that have a positive impact on society and the environment.