Calvert Investments CEO receives business ethics award

Barbara Krumsiek, chair, president and CEO of Calvert Investments, was awarded the 2012 Benjamin Botwinick Prize in Business Ethics by the Sanford C. Bernstein & Co. Center for Leadership and Ethics at the Columbia Business School, according to a statement issued Wednesday from Calvert.

The prize recognizes an outstanding leader who exhibits the highest standard of ethical conduct in business. It comes with no monetary award, said Evan Nowell, media coordinator, marketing and communications, Columbia Business School.

Ms. Krumsiek received the award last month at a ceremony at Columbia and addressed MBA students, faculty, alumni and staff, focusing her remarks on the role of financial institutions in building a sustainable economy. Calvert focuses on sustainable and socially responsibility investments.

Previous winners of the prize, dating to 1989 and awarded annually since 1991, include Joan Bavaria, founding president and CEO, Trillium Asset Management; Henry Kravis, founding partner of Kohlberg Kravis Roberts; Muriel Siebert, president and CEO of her eponymous stock brokerage firm; Mikael Ohlsson, president and CEO of IKEA Group; Craig R. Barrett, retired CEO and chairman of Intel; Jeffrey Immelt, chairman and CEO of General Electric; John Browne, former group CEO of BP; and Howard Schultz, chairman and chief global strategist of Starbucks.

Mr. Botwinick, a 1926 alumnus of Columbia Business School, provided an endowment to establish the prize.