Environmental, Social and Governance

ESG (Environmental, Social and Governance) is a framework developed to analyze and understand the relationship between these non-traditional financial factors and the long-term financial success of companies.  As a result, the framework helps investors select higher quality assets for investment or avoid lower quality ones, and for companies that employ ESG principals, it may assist in facilitating long-term financial value creation.  Despite the growing popularity of ESG, it is only one of many tools available to investors and institutions to build long-term value.  At Third Economy, we assist our clients with all of the possible ways to build sustainable investment portfolios, sustainable institutions, and ultimately a sustainable economy.

Third Economy’s name represents an emerging economic age based on principles of sustainability following the pre and post-industrial eras and symbolizes the Earth as the third planet from the sun.

Third Economy Team

Chad SpitlerChad Spitler, Founder & CEO

Third Economy was founded in 2018 by Chad Spitler, most widely known for his role helping to establish what are now BlackRock’s Investment Stewardship and Sustainable Investing teams.  As a Managing Director at the world’s largest asset manager, Chad and his team were responsible for analyzing how environmental, social and governance (ESG) factors may impact financial performance, and integrating that analysis into investment decisions, proxy voting, engagement and product development.  Their work facilitated billions of dollars of capital into sustainable investment products and hundreds of public companies to integrate long-term thinking into their business strategies as a result of the team’s engagement and voting activities.

With over 20 years of institutional investing and sustainability experience, Chad speaks both publicly and privately with regulators, policy makers, non-profits, academics and the largest global companies and investors, to further the field of sustainable investing and transition the capital markets to a lower carbon economy.


Harry-EtraHarry Etra, Network Partner

Harry Etra is the CEO & Founder of HXE Partners, a network partner with Third Economy. Harry’s experience is in advising public and private companies on their sustainability and Environmental, Social, and Governance (ESG) strategies.

As a Principal at CamberView Partners, he helped companies prioritize their sustainability disclosures and prepare for engagements with institutional investors. Previously as a Director at CodeGreen Solutions, he advised companies on ESG best practices with a focus on sustainability and energy efficiency. His experience includes working with clients to develop annual sustainability reports and earn recognition for their ESG initiatives through reporting program such as the Global Real Estate Sustainability Benchmark (GRESB), CDP (formerly the Carbon Disclosure Project), Dow Jones Sustainability Index (DJSI), and the EPA’s ENERGY STAR Partner of the Year Award.

Harry holds an M.B.A. from Columbia Business School and a B.A. in history from Yale University.


Geoff StewartGeoff Stewart, Associate

Geoff joined Third Economy at its founding as an Associate. He was previously an Analyst at CamberView Partners, where his responsibilities included advising clients on complex corporate governance matters, Say-on-Pay campaigns, and activist situations. Additionally, while at CamberView, he helped launch the firm’s sustainability service offering.

Geoff earned a Bachelor of Arts degree in Political Science from the Honors Program at Swarthmore College.


Charles TwitchellCharles Twitchell, Research Coordinator

Charles is responsible for statistical analysis and leading multiple data and research projects at Third Economy. Prior to joining 3E, he worked in the U.S. Senate, Wells Fargo, and with multiple technology start-ups in the Bay Area. When not conducting research, he also serves as an Adjunct Professor of Mathematics at local colleges in the San Francisco Bay Area. A dedicated reader, traveler, and golfer, he has been deeply passionate about economic mobility and innovation his entire life.

Charles has Bachelor degrees in Economics and Mathematics from the University of Florida and a Master’s in Statistics from California State University, East Bay.