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Eric Fernald

Executive Director - ESG Ratings, Outreach and Partnership

Eric Fernald is internationally recognized as one of the foremost authorities on sustainability and responsible business ratings, with over 30 years of industry experience. Eric began his career in ESG analysis at KLD Research & Analytics in 1993—one of the world’s pioneering firms in social and environmental investment research, later acquired by MSCI.
At MSCI, Eric spent nearly a decade as Director of ESG Research, where he oversaw ESG ratings methodologies, led sector and thematic research, and worked directly with major clients to help them understand, improve, and communicate their performance in international sustainability benchmarks. He has advised public companies, financial institutions, and investment managers across North America, Europe, and Asia on best practices in environmental disclosure, ratings strategy, and global investor communications.
Eric is renowned in the sustainability community for his depth of expertise in climate risk, corporate governance, and transparency. He has contributed to the evolution of modern ESG ratings frameworks, trained corporate leaders in responsible disclosure, and frequently speaks at international ESG and sustainable finance conferences.
Eric holds a Bachelor of Arts from Williams College. He is based in Greater Boston and continues to shape the future of responsible investment as a consultant and senior advisor.

Antonios Panagiotopoulos

Managing Consultant – ESG Ratings, Oil & Gas, EMEA

Antonios brings over 15 years of experience in ESG research, with deep specialization in the global oil & gas sector. As Executive Director at MSCI ESG Research until December 2024, he led the firm’s climate and ESG ratings strategy for extractives, overseeing methodology development and sector-wide ratings decisions.
At MSCI, Antonios was directly responsible for assessing some of the largest energy producers in the world — from upstream exploration to integrated supermajors — and authored several of the underlying indicators used in the carbon intensity, methane, and GHG scope alignment models. His work shaped how institutional investors evaluate transition risk and ESG leadership in fossil fuel industries.
Now at Fruuit, Antonios helps oil and gas clients improve ESG ratings with MSCI, Sustainalytics, ISS, and S&P — by aligning internal practices with ratings logic and investor expectations.
Based in London, Antonios leads Fruuit’s ESG ratings strategy for oil, gas, and extractives in Europe, the Middle East, and Africa.

Michelle McCullocch

Head of ESG Ratings – Banking, Mining

With over 27 years of experience in the ESG and Sustainability industry, Michelle is one of the world’s most experienced ESG evaluators in the mining, oil & gas, and infrastructure sectors. She spent nearly a decade at Sustainalytics, where she led sector research for high-impact industries and managed a team of analysts scoring companies in energy, extractives, and materials globally. Michelle’s has worked at two other ESG Rating agencies over the course of her career.
Her expertise spans biodiversity risk, land use disclosures, Indigenous relations, tailings and safety risk, and social license to operate. Michelle was instrumental in developing how Sustainalytics defines High Risk designations and has since advised companies in Australia, South Africa, the Gulf, and North America on pathways to improve those scores.
At Fruuit, Michelle specializes in bringing clarity to opaque ESG scoring systems — translating company policies, governance structures, and disclosures into language that earns recognition from ESG raters.
Michelle’s insight bridges technical ESG criteria with sector-specific risks, making her indispensable to clients navigating complex, resource-driven business models.