Mark Campanale

Mark Campanale

Formal First Name
12/2/1963 - present

Mark Campanale is the Executive Chairman of the Carbon Tracker Initiative, a financial think tank he founded in 2009. He is also the Co-Founder of Planet Tracker, a non-profit think tank aligning capital markets with planetary boundaries. He is responsible for management strategy, board matters, and developing their capital markets framework analysis. Prior to this, Campanale spent 25 years in sustainable financial markets working for leading institutional asset managers. He is best known for the Unburnable Carbon, a capital markets thesis that is now commonplace in climate finance language.

Professional Experience

Academic History


  • Campanale credits his family for inspiring passion for the natural world. His father and grandfather farmed olive and almond trees before migrating to the United Kingdom from Italy.
  • He already knows that he would be tied to nature at the young age of 15. He became particularly interested in rural development, which he studied alongside politics and history at York University
  • He joined the LiveAid group to determine how to spend monies raised during the globally televised BandAid benefit concerts in 1985. 
  • While working on fair-trade funded projects with coffee growers in Tanzania and Kenya, he concluded that to sustain equitable trading opportunities and economic development for the region, the focus had to shift away from an aid model and towards a business model
  • His own research into how little money British investors during the Empire earmarked for what were then ‘colonies’ to develop their own economies highlighted the pitfalls of the ‘aid’ mindset.
  • He advocated for assessing publicly-traded companies’ worth not on their prospects for growth alone but also on the extent to which their growth would respect ecological boundaries. 
  • He facilitated shareholder activism in companies listed on major stock exchanges from London to New York to protect the environment from North America to West Africa to Southeast Asia
  • His work made it clear that addressing climate change is a mathematics issue, and that the finance sector and shareholders alike need to play their part. 
  • He was the first to use his insider knowledge as a financial analyst to extrapolate that unburnable carbon was essentially stranded assets that should not be part of capital markets’ valuation of fossil fuel companies. 
  • In 2011, he secured funding from the Rockefeller Foundation to set up the Social Stock Exchange, which has provided a dedicated platform for social businesses to raise capital from ethical investors


  • Campanale co-founded some of the first responsible investment funds:
  • He commissioned and was editor of Unburnable Carbon – Are the World’s Financial Markets Carrying a Carbon Bubble? In November 2011.  


  • Founder and Chair of the Fish Tracker Initiative
  • Founder Director of the UK Sustainable and Responsible Investment Forum
  • Founder of the Social Stock Exchange
  • Member of the Advisory Board of the Gordon and Betty Moore Foundation’s Conservation and Markets Initiatives
  • Member of the Advisory Council of
  • Member of UNCTAD’s Sustainable Stock Exchange’s Green Finance Advisory Group
  • Honorary Treasurer of The Rainforest Foundation UK
  • Honorary Treasurer of the Development Board of the Ashden Awards
  • Visiting Lecturer at the Master’s Course of the University of Cambridge’s Institute for Sustainability Leadership
  • Advisor to Consilium Capital
  • Advisor to Faith Invest
  • Advisory Board Member of Tribe Impact Capital