[vc_empty_space height=”10px”]
Impact investing is the next iteration of sustainability but it faces some challenges including the basic notion of how to measure impact alongside risk and return. This session will hear from investors on their approaches and the applicability and power of impact investing across both public and private assets.[vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Laurent%20Ramsey%22%2C%22job_role%22%3A%22Managing%20partner%20and%20chief%20executive%2C%20Pictet%20Asset%20Management%20(Switzerland)%22%2C%22content%22%3A%22Laurent%20Ramsey%20has%20been%20a%20Managing%20Partner%20of%20the%20Pictet%20Group%5Cnsince%201%20January%202016.%20He%20has%20co-headed%20Pictet%20Asset%20Management%20with%5CnS%C3%A9bastien%20Eisinger%20since%201%20April%202019%2C%20having%20been%20solely%20responsible%5Cnfor%20the%20Group%E2%80%99s%20institutional%20arm%20between%202016%20and%202019.%5CnHe%20joined%20Pictet%20in%201993%20and%20has%20held%20various%20senior%20management%5Cnpositions%20at%20Pictet%20Asset%20Management%20in%20Geneva%2C%20Hong%20Kong%2C%5CnSingapore%20and%20London.%5CnLaurent%20holds%20a%20Master%E2%80%99s%20in%20International%20Management%20from%20HEC%5CnLausanne%20School%20of%20Business%20and%20Economics%20and%20a%20degree%20in%20Business%5CnAdministration.%5CnLaurent%20also%20serves%20as%20Vice-President%20of%20the%20Geneva%20Financial%20Centre%20and%20is%20a%20Board%20member%20of%20the%20Swiss%20Asset%20Managers%20Association.%22%2C%22image%22%3A%2233598%22%2C%22linkedin%22%3A%22%22%7D%2C%7B%22name%22%3A%22Roy%20Swan%22%2C%22job_role%22%3A%22Director%2C%20mission%20investments%2C%20Ford%20Foundation%20(United%20States)%22%2C%22content%22%3A%22Roy%20Swan%20leads%20the%20foundation%E2%80%99s%20mission%20investments%20team%2C%20managing%20Ford%E2%80%99s%20portfolio%20of%20mission-related%20investments%20(MRIs)%20and%20program-related%20investments%20(PRIs)%2C%20and%20working%20to%20expand%20and%20strengthen%20the%20impact%20investing%20field.%5CnBefore%20joining%20Ford%2C%20Swan%20served%20as%20managing%20director%20and%20co-head%20of%20global%20sustainable%20finance%20at%20Morgan%20Stanley.%20%20During%20his%20time%20at%20Morgan%20Stanley%2C%20Global%20Sustainable%20Finance%20committed%20over%20%2413%20billion%20in%20community%20development%20transactions.%20%20Among%20his%20prior%20experiences%2C%20he%20was%20the%20founding%20chief%20investment%20officer%20of%20New%20York%20City%E2%80%99s%20Upper%20Manhattan%20Empowerment%20Zone%20(UMEZ)%2C%20a%20federal%20initiative%20to%20bring%20new%20resources%20to%20distressed%20urban%20communities%20which%20played%20a%20key%20role%20in%20Harlem%E2%80%99s%20economic%20rebirth.%20He%20also%20served%20as%20CFO%20at%20Carver%20Bancorp%2C%20a%20Harlem-based%20publicly%20traded%20financial%20institution%20and%20the%20nation%E2%80%99s%20largest%20African%20American%20managed%20bank.%20%20Over%20the%20course%20of%20his%20career%2C%20Swan%20has%20worked%20in%20corporate%20law%20at%20Skadden%20Arps%2C%20investment%20banking%20at%20The%20First%20Boston%20Corporation%2C%20Salomon%20Brothers%2C%20and%20JPMorgan%2C%20and%20finance%20at%20Time%20Warner.%5CnSwan%20serves%20on%20several%20non-profit%20boards%2C%20including%20the%20Dalton%20School%2C%20Enterprise%20Community%20Partners%2C%20Low%20Income%20Investment%20Fund%2C%20and%20the%20Partnership%20for%20After%20School%20Education.%20He%20also%20serves%20on%20the%20advisory%20boards%20of%20several%20private%20equity%20funds.%20he%20received%20a%20bachelor%E2%80%99s%20degree%20from%20Princeton%20University%20and%20a%20JD%20from%20Stanford%20Law%20School%2C%20where%20he%20was%20an%20editor%20of%20the%20Stanford%20Law%20Review.%22%2C%22image%22%3A%2233599%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Froy-swan-7394832%2F%22%7D%5D” title=”Speaker” el_class=””][vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Colin%20Tate%22%2C%22job_role%22%3A%22Chief%20executive%2C%20Conexus%20Financial%20(Australia)%22%2C%22content%22%3A%22Tate%20has%20been%20an%20investment%20industry%20media%20publisher%20and%20conference%20producer%20since%201996.%20In%20his%20media%20career%2C%20Tate%20has%20launched%20and%20overseen%20dozens%20of%20print%20and%5Cnelectronic%20publications.%20He%20is%20the%20chief%20executive%20and%20major%20shareholder%20of%20Conexus%20Financial%2C%20which%20was%20formed%20in%202005%2C%20and%20is%20headquartered%20in%20Sydney%2C%20Australia.%5CnThe%20company%20stages%20more%20than%2020%20conferences%20and%20events%20each%20year%20%E2%80%93%5Cnin%20cities%20which%20have%20included%20London%2C%20New%20York%2C%20San%20Francisco%2C%20Los%20Angeles%2C%20Amsterdam%2C%20Beijing%2C%20Sydney%20and%20Melbourne%20%E2%80%93%20and%20publishes%20three%20media%20brands%2C%5Cnincluding%20the%20global%20website%20and%20strategy%20newsletter%20for%20global%5Cninstitutional%20investors%20conexust1f.flywheelstaging.com.%20One%20of%20the%20company%E2%80%99s%20signature%20events%20is%20the%20bi-annual%20Fiduciary%20Investors%20Symposium.%20Conexus%20Financial%E2%80%99s%5Cnevents%20aim%20to%20place%20the%20responsibilities%20of%20investors%20in%20wider%20societal%2C%20and%20political%20contexts%2C%20as%20well%20as%20promote%20the%20long-term%20stability%20of%20markets%20and%20sustainable%5Cnretirement%20incomes.%20Tate%20served%20for%20seven%20years%20on%20the%20board%20of%20Australia%E2%80%99s%20most%20high%20profile%20homeless%20charity%2C%20The%20Wayside%20Chapel%3B%20and%20he%20has%20underwritten%20the%5Cnwelfare%20of%2060%2C000%20people%20in%2028%20villages%20throughout%20Uganda%20via%20The%20Hunger%20Project.%22%2C%22image%22%3A%2233547%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Famanda-white-101a7515%2F%3ForiginalSubdomain%3Dau%22%7D%5D” title=”Moderator” el_class=””][vc_empty_space height=”10px”]
Clients want to have a purpose when allocating their money.
Going forward sustainability preferences will become a key component of financial advice at the very outset when clients are setting their upfront investment objectives.
Active engagement with investee companies will help drive positive change both financially and environmentally. When you engage you have a much better sense of impact measurability.
We talk a lot about climate change but sustainability goes far beyond that. Biodiversity should not be neglected.
There is no downside in incorporating non-financial factors into investment decision-making.
Sustainability and long-termism are part of Pictet’s DNA – The average tenure of partners at Pictet is around 20 years and these partners act as custodians of the business for future leaders.
Roy
History has shown that not everyone is able to consistently achieve alpha. Areas such as affordable housing provide a positive financial and social opportunity.
The Ford Foundation is based on two simple thoughts – 1) Better is good and 2) Don’t let perfect be the enemy of the good. In other words, impact measurement can be simple and high-level. Complex impact measurement should not get in the way of tackling major issues that are looming large.
The Ford Foundation aims to put capital into the hands of those who have been historically disadvantaged.
One of the most important, upcoming challenges at CalSTRS is how the fund should evaluate Chinese investments from a human capital and environmental standpoint, says Chris Ailman, chief investment officer at the giant pension fund.
What policies for greening
the crisis response
and economic recovery?
Lessons learned from past
green stimulus measures
and implications for the
COVID-19 crisis
The Harvard endowment is about half way through its transition to external investment management and will work with its service providers to implement the university’s new directive, to position the portfolio in line with net-zero greenhouse gas emissions by 2050.
The COVID-19 crisis is likely to have dramatic consequences for progress on climate change. Imminent fiscal recovery packages could entrench or partly displace the current fossil-fuel-intensive economic system.
Asset allocation plays such a fundamental role to determining long-term returns that ignoring these sustainability issues – where the impacts affect economies, businesses and society over decades – just does not make sense.
How can investors be a catalyst for change and have an active voice in a sustainable recovery? This episode explores the role of investors and how they can collaborate for effective collective action. It includes the work of one of the leaders in sustainable investing and the biggest pension fund in Europe, APG. It invites investors to have an active voice in a sustainable recovery.
There is a lack of understanding in investment decision-making about how big the climate crisis is which could lead to investments and risks being mis-directed, according to Professor Cameron Hepburn, Professor of Environmental Economics at Oxford University.
Leave a Comment
You must be logged in to post a comment.
Login