[vc_empty_space height=”10px”]
Responsible investment is a long-term movement whose time has come. How can its leaders take the movement further? This session examined the importance of impactful stewardship to deliver sustainable wealth creation and its potential to transform financial, social and environmental outcomes.[vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Saker%20Nussebeih%20CBE%22%2C%22job_role%22%3A%22Chief%20executive%2C%20International%20at%20Federated%20Hermes%20(United%20Kingdom)%22%2C%22content%22%3A%22Saker%20Nussebeih%20is%20chief%20executive%20of%20the%20international%20business%20of%20Federated%20Hermes%2C%20appointed%20November%202011%2C%20having%20joined%20in%20June%202009%20as%20chief%20investment%20officer.%20He%20is%20also%20a%20member%20of%20the%20Federated%20Hermes%20Executive%20team.%20Prior%20to%20this%2C%20Nussebeih%20was%20global%20head%20of%20equities%20at%20Fortis%20Investments%2C%20having%20previously%20been%20CIO%20global%20equities%20since%202005.%20Before%20this%2C%20he%20was%20CIO%20of%20global%20equities%20and%20head%20of%20marketing%20for%20SGAM%20UK.%20This%20followed%20SGAM%E2%80%99s%20acquisition%20of%20Trust%20Company%20of%20the%20West%2C%20where%20Nussebeih%20was%20a%20managing%20director%20running%20global%20and%20international%20strategies%2C%20as%20well%20the%20London%20office.%20He%20started%20his%20career%20at%20Mercury%20Asset%20Management%20in%201987.%20%5CnNussebeih%20is%20founder%20of%20the%20300%20Club%20and%20was%20an%20inaugural%20member%20of%20the%20CFA%20Institute%E2%80%99s%20Future%20of%20Finance%20Advisory%20Council%20from%202013%20until%202019.%20He%20is%20a%20member%20of%20the%20IIRC%20Council%2C%20the%20FCA-PRA%20Climate%20Financial%20Risk%20Forum%2C%20the%20United%20Nations%20Environmental%20Programme%20Financial%20Initiative%20Steering%20Committee%2C%20the%20Banking%20Standards%20Board%2C%20the%20UK%20National%20Advisory%20Board%20on%20Impact%20Investing%2C%20and%20the%20advisory%20Board%20of%20the%20National%20Youth%20Orchestra.%5CnIn%202018%2C%20Nussebeih%20was%20named%20CEO%20of%20the%20Year%20at%20the%20Financial%20News%20Asset%20Management%20Europe%20Awards.%20He%20has%20a%20BA%20and%20PhD%20in%20Medieval%20History%20from%20King’s%20College%2C%20University%20of%20London.%5CnHe%20was%20awarded%20a%20CBE%20(Commander%20of%20the%20Order%20of%20the%20British%20Empire)%20in%20the%20Queen%E2%80%99s%202019%20New%20Year’s%20Honours%20list%20for%20services%20to%20Responsible%20Business%20and%20Finance.%22%2C%22image%22%3A%2233576%22%2C%22linkedin%22%3A%22https%3A%2F%2Fwww.linkedin.com%2Fin%2Fsaker-nusseibeh-cbe-6b15a85%2F%3ForiginalSubdomain%3Duk%22%7D%5D” title=”Speaker” el_class=””][vc_quotes layout=”accordion” quotes=”%5B%7B%22name%22%3A%22Amanda%20White%22%2C%22job_role%22%3A%22Director%2C%20institutional%20content%2C%20Conexus%20Financial%20(Australia)%22%2C%22content%22%3A%22White%20is%20responsible%20for%20the%20content%20across%20all%20Conexus%20Financial%E2%80%99s%20institutional%20media%20and%20events.%20She%20is%20responsible%20for%20directing%20the%20bi-annual%20Fiduciary%20Investors%20Symposium%20which%20challenges%20global%20investors%20on%20investment%20best%20practice%20and%20aims%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%20retirement%20incomes.%20She%20is%20the%20editor%20of%20conexust1f.flywheelstaging.com%2C%20the%20online%20news%20and%20analysis%20site%20for%20the%20world%E2%80%99s%20largest%20institutional%20investors.%20White%20has%20been%20an%20investment%20journalist%20for%20more%20than%2020%20years%20and%20has%20edited%20industry%20journals%20including%20Investment%20%26%20Technology%2C%20Investor%20Weekly%20and%20MasterFunds%20Quarterly.%20She%20was%20previously%20editorial%20director%20of%20InvestorInfo%20and%20has%20worked%20as%20a%20freelance%20journalist%20for%20the%20Australian%20Financial%20Review%2C%20CFO%2C%20Asset%20and%20Asia%20Asset%20Management.%20She%20has%20a%20Bachelor%20of%20Economics%20from%20Sydney%20University%20and%20a%20Master%20of%20Arts%20in%20Journalism%20from%20the%20University%20of%20Technology%2C%20Sydney.%20She%20was%20previously%20a%20columnist%20for%20the%20Canadian%20publication%2C%20Corporate%20Knights%2C%20which%20is%20distributed%20by%20the%20Globe%20and%20Mail%20and%20The%20Washington%20Post.%20White%20is%20currently%20a%20fellow%20in%20the%20Finance%20Leaders%20Fellowship%20at%20the%20Aspen%20Institute.%20The%20two-year%20program%20consists%20of%2022%20fellows%20and%20seeks%20to%20develop%20the%20next%20generation%20of%20responsible%2C%20community-spirited%20leaders%20in%20the%20global%20finance%20industry.%22%2C%22image%22%3A%2233531%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”]
Long-term deep engagement on the issues that matter most leads to substantial outperformance versus the sector. Going forward, there will be an indisputable recognition by all investors that ownership of companies demands a critical element of stewardship.
Legitimate ESG managers have full integration, deep engagement with investee companies and a humility to accept that we are still learning. ESG is not a ‘do-gooder’ thing, it’s about doing capitalism better. I welcome every manager aiming to be an ESG manager. This is about us all winning, not one company winning.
Not believing in diversity is simply stupidity because it halves the supply chain.
COVID has taught us that culture, for example, has a real value in challenging circumstances which hasn’t always been truly acknowledged by investment analysis.
If you have a 30 year time horizon, expenditure on engagement is a value adding investment, not merely a cost.
Don’t bet on markets. Instead, invest and engage for the long-term. If you want to bet, go to Vegas, it’s a lot more fun.
[vc_empty_space height=”10px”]
Poll results
Should stewardship be mandatory?[vc_line_chart x_values=”” values=”%5B%7B%22title%22%3A%22Yes%22%2C%22y_values%22%3A%2259%22%2C%22color%22%3A%22blue%22%7D%2C%7B%22title%22%3A%22No%22%2C%22y_values%22%3A%2224%22%2C%22color%22%3A%22pink%22%7D%2C%7B%22title%22%3A%22Maybe%22%2C%22y_values%22%3A%2218%22%2C%22color%22%3A%22chino%22%2C%22custom_color%22%3A%22%2350485b%22%7D%5D”]
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.
Five years on since the SDGs were launched, an increasing number of investors are putting capital to work to earn returns alongside helping solve global scourges like the climate crisis, poverty and inequality. Sarah Rundell looks at New York Common Fund and Denmark's PKA among others.
The European Union's rescue plan will give a huge boost to an already thriving market for green bonds and other instruments that promote sustainability. But investors need to be wary: green comes in many shades.
How can investors work together to combat inequality? In this podcast episode Amanda White speaks to the president of CalPERS, Henry Jones, about his own experience and the fund's journey in tackling diversity and inclusion, in particular issues of racism.
More than 70 investors have collaborated to produce a framework for an investment strategy led approach to decarbonising portfolios and maximising efforts to achieve net zero emissions globally by 2050. The IIGCC, which developed the framework, is seeking consultation.
This piece is part of Disability Demands Justice, a dynamic, ever-evolving hub by the Ford Foundation to deepen our understanding of how disability intersects with social justice.
Leave a Comment
You must be logged in to post a comment.
Login