Get straight to the business of thinking creatively, strategically and insightfully about the real power of innovative sustainable financing and how to maximise its value at this half day meeting.
Making Finance Sustainable
Financing Progress, Enriching Returns
In partnership with
The opportunities for financing sustainable progress globally are almost limitless: from safeguarding the environment to educating women and from combating major pandemics to supporting digital health or infrastructure schemes. Yet the market for social bonds and impact investing, whilst growing, is still roomy. Plenty of un-tapped potential exists, but as long as sustainable finance remains a semi-decorative CSR appendage, then instruments may be shirked as gimmicky or lack-lustre in their strategic appeal.
This meeting is designed to get straight to the business of thinking creatively, strategically and insightfully about the real power of innovative sustainable financing and how to maximise its value. Through a joined-up-thinking approach to the workings of the financial sector, real economy and global communities, with a vision for the future, investors and lenders will discuss how to align projects to specific business objectives or interests as well as how to track impact thus creating a solid framework for what ‘sustainable finance’ means as well as devising a robust toolkit for fine-tuning strategies delivering optimum returns.
Gaia Fasso is the Head of the Anthemis Institute and works in collaboration with entrepreneurs, academics, business leaders and visionaries to rethink the role of innovation and social impact in Financial Services. She has 10 years consulting and entrepreneurship experience, working as a strategy consultant in financial services, where she advised clients on innovation and digital strategy, she served as an advisor on growth and social impact to social start-ups, the UN and community-based organisations and ran the Fast Growth accelerator program by the UK Foundation for Social Entrepreneurs. In Italy, Ms Fasso founded an educational charity for refugees. She received her Bachelor’s degree in Human Rights from the University of Bologna and Master’s degree in Local Economic Development from the London School of Economics. She is fluent in Italian and French. Outside of work, Gaia is a fan of all things creative and outdoors-orient
John Elkington is a writer and thinker, a serial-entrepreneur and an ‘advisor from the future’. He is Chairman and Chief Pollinator at Volans, a certified B Corporation driving market-based solutions to the future’s greatest challenges.He is currently co-leading Project Breakthrough a joint venture with the United Nations Global Compact focussing on growing the mindsets, business models and technologies necessary to achieve the Sustainable Development Goals.He is also Honorary Chairman of SustainAbility, and sits on an A-Z of some 30 boards and advisory boards. He has written 19 books, and his latest is co-authored with Jochen Zeitz, former CEO of PUMA and now co-chair, with Sir Richard Branson, of The B Team. The book, entitled "The Breakthrough Challenge: 10 Ways to Connect Today’s Profits with Tomorrow’s Bottom Line" comes full circle from John’s 1997 "Cannibals with Forks", where he first introduced the Triple Bottom Line concept. Twitter: @VolansJohn
Lucy Heady has over ten years of experience of measuring social impact in both the UK and internationally. In her role as Impact Director for the investments team Dr Heady works with portfolio companies to measure their impact and assesses the likely impact of potential investments. She also ensures that the fund has an approach to impact that maximises the social and financial return of the portfolio.
As Evidence, Measurement and Evaluation Manager at the Children's Investment Fund Foundation (CIFF) she has designed and managed a variety of evaluations of public and private sector initiatives working with partners including the World Bank, Government of Kenya and Sesame Workshop. Before moving to CIFF Dr Heady was the Senior Economist at Building Markets where she measured job creation and private sector growth in Afghanistan, Haiti and Liberia. Prior to this she was Head of Measurement at NPC, working with charities to measure their impact in a variety of sectors from crime prevention to violence against women.
Dr Heady holds an MSc in Economics from Birkbeck College and a PhD in Theoretical Physics from the University of Cambridge.
James Cameron is Chairman of the Overseas Development Institute. He is also a member of HM Treasury's Infrastructure UK Advisory Council and GE's ecomagination advisory board, an advisor to the Climate Bonds Initiative, and a trustee member of the UK Green Building Council. He is the Chairman of start-ups ETIndex, which helps investors manage carbon risk, and Green Running. Mr Cameron was Co-Founder of the Carbon Disclosure Project, and its former Chairman. He also previously served as Chairman of Climate Change Capital, an environmental asset management and advisory business he founded in 2004. Prior to Climate Change Capital, Mr Cameron was Counsel to Baker & McKenzie and was the founder and the head of their Climate Change and Clean Energy Practice. He spent much of his legal career working on climate change matters, including negotiating the UNFCCC and Kyoto Protocol as an adviser to the Alliance of Small Island States. As a barrister he appeared in several of the leading cases in international and environmental law. Mr Cameron has held academic positions at Cambridge, London, Bruges and Sydney, and is currently affiliated with the Yale Centre for Environmental Law and Policy. He was educated at University of Western Australia, University College London (LLB), Queens’ College, Cambridge (LLM), and Inner Temple (called to the Bar 1987).
Elena Panomarenko joined the Funding department within Treasury at the International Finance Corporation (IFC) in January 2015 as a Senior Financial Officer. Previously she was the Advisor to Vice President and Treasurer of IFC. Ms Panomarenko has worked at the IFC for over 16 years in various functions, the past 9 years having been with IFC Treasury. She played a key role in the re-organisation and decentralisation of the IFC's treasury function and its renewed focus on local capital market development. Before joining IFC, Ms Panomarenko worked in an insurance company in Russia. She holds an MBA from George Washington University and a Bachelor of Art in English language from Magnitogorsk State University.
Bob Annibale leads Citi’s partnerships with global, national and local organizations to expand financial inclusion and economic opportunity for financially underserved individuals, families and communities. As the founder and head of Citi Inclusive Finance, he works across Citi’s businesses and geographies to expand access to financial services through product design and innovation, commercial relationships with microfinance and other inclusive financial institutions, corporations, social enterprises, investors and municipalities. Since joining Citi in 1982, Mr Annibale has held a number of senior regional and global treasury, risk and corporate positions in Athens, Bahrain, Nairobi, London and New York City. He is a member of the Policy Committee of the Centre for the Study of African Economies, at the University of Oxford, and represents Citi on the boards of Accion, Bedford Stuyvesant Restoration Corporation, the Citi Foundation and the U.S. Federal Deposit Insurance Corporation’s (FDIC) Advisory Committee on Economic Inclusion. He is also a Fellow of the Royal Society of Arts (RSA). In 2014 he was honored as a White House Champion of Change for his work leading Citi’s programs promoting immigrant integration and citizenship in the US. In 2017 Mr Annibale was named by the Financial Times as one of the OUTStanding Top 100 LGBT Business Leaders for the fourth consecutive year. He is both a US and UK national, holds a B.A. in History and Political Science from Vassar College, New York, and an M.A. in African Studies (History) from the University of London, School of Oriental and African Studies.
Philip Brown is a Managing Director and Head of Global Green and Social Bonds in Citi’s Capital Markets Origination business. He has been at Citi for 18 years and has been involved in the origination of more than 70 green and social bonds underwritten by Citi since the introduction of the Green Bond Principles (GHP) in 2014. Since early moves by the SSA (sovereign, supranational and agency) sector, Mr Brown has championed the issuance of green bonds by FIG, corporate and EM issuers across the globe.
Mr Brown was involved in the initial drafting of the green bond principles in 2014, and was a delegate Representative for Citi on the Executive Committee from 2014-2016. Over the past year, he has been an active member of the GBP Social Bond working group.
He is also a member of Citi’s Green & Social bond screening committee and works alongside Citi’s environmental banking, sustainability and environmental and social risk management teams to ensure that all green bonds led by Citi – one of the two GHP founding banks – are aligned with GHP guidelines.
Mr Brown is a member of Citi’s EMEA Climate Counsel, established in 2007, which seeks to advance environmental sustainability both in terms of reducing Citi’s own greenhouse gas emissions and sharing environmental product expertise across the firm.
He joined Salomon Smith Barney from Nikko Europe in September 1998.
Tamsin Chislett works at ClearlySo, Europe’s leading impact investment bank. She is currently interim Head of Impact Research & Innovation, leading the team which works with PE & VC investors to assess the impact of their investments. Previously she led ClearlySo’s work in Manchester, supporting impact businesses to raise capital, and then ran various internal operational projects. Before ClearlySo, she worked as a management consultant at Bain & Company, as an Acumen Global Fellow in Uganda, and led expansion for a technology startup across the UK.
Johnny el Hachem
Johnny El Hachem joined Edmond de Rothschild (EDR) in 2002. He acquired extensive financial experience initiating numerous financial transactions, including the launch of funds, structuring of hedging strategies, and originating transactions on the capital markets. Appointed as Global head of EDR PE in 2014, he has been involved in a large number of PE transactions in different sectors and geographies. EDR PE manages 12 funds that have deployed more than € 3 billion to date. Johnny studied Financial Engineering at ESSEC Business School (Paris), Banking and Finance and Political Science at the Lebanese American University of Beirut. He is fluent in French, English and Arabic.
Professor Sam Fankauser is Director of the Grantham Research Institute on Climate Change and the Environment, London School of Economics of which he was previously Co-Director along with Prof Simon Dietz. Professor Fankhauser joined the Grantham Research Institute in 2008 as a Principal Research Fellow. He also holds the following positions Deputy Director of the Centre for Climate Change Economics and Policy; Non-Executive Director of CDC Group, the UK’s Development Finance Institution; Member of Climate Strategies; and Member of the Editorial Board of the journals Global Environmental Change , Climate Policy and Global Sustainability. Before joining the Grantham Research Institute, he served as Deputy Chief Economist at the European Bank for Reconstruction (EBRD). He has also worked at the World Bank, The Global Environment Facility and in the private sector. From 2008 and to 2016 he was a member of the UK Committee on Climate Change. His research interest include: The economics of adaptation to climate change; Climate finance and the functioning of carbon markets; Climate change policy in the UK.
Doris Herrera-Pol is recently retired from the World Bank where she was the Global Head of Capital Markets .Her team was responsible for designing the World Bank's funding strategy and managing its multi-currency funding program in global money, capital and derivatives markets, including the design and launch of new products, such as the World Bank's Green Bonds. From 2002 to 2007, Ms. Herrera-Pol headed the team responsible for the World Bank’s plain-vanilla debt products, including global bonds and emerging market bond issues. From 1997 to 2002, she headed the team responsible for designing and delivering financial products to World Bank clients. Previously, she worked with the World Bank's funding and investor relations programs. Before joining the World Bank, Ms. Herrera-Pol conducted sovereign debt negotiations for the Dominican Republic. Ms Herrera-Pol is an expert in topics such as socially responsible/ethical investments, managing catastrophe risks, financial risk management, financial regulation, regional and emerging capital markets, infrastructure finance, the value of cultural diversity, and women in leadership.
As Managing Director, Sustainability & Governance, Claudia Kruse is part of the management team of APG Asset Management, reporting to the CIO and Executive Board. APG manages over 400 billion euros on behalf of Dutch pension funds, and Ms Kruse’s 11-strong team implements a responsible investment policy on behalf of APG and its clients across all asset classes. The focus is on active ownership and ESG integration tailored to specific investment strategies. Before joining APG in 2009, Ms Kruse worked on the buy (F&C) and sell (JPMorgan) side in Responsible Investing in London for almost a decade. She has inter alia published on the Governance of Sustainability and the integration of ESG factors into remuneration, reflecting her strong belief in the connection between good governance and sustainability. She is on the Board of Eumedion, the Dutch corporate governance investor organisation, and is a member of the International Integrated Reporting Council (IIRC). In March 2016, she was appointed to the German Corporate Governance Code Commission. She has been recognised as a Rising Star of Corporate Governance by the Millstein Centre, and most recently was voted CIO Europe’s Next Generation Award winner. Ms Kruse holds a degree in International Management and Chinese, as well as an MSc in Tourism & Development (UCL, London).
Miroslav Petkov is a Director in S&P Global’s Financial Services Ratings Group, based in London. He is Head of the EMEA ERM team, which is responsible for reviewing insurers’ economic capital models and enterprise risk management frameworks. Also, he is Head of Financial Services Environmental and Climate Risk Research. Mr Petkov has authored several S&P articles on the impact of climate change and natural catastrophes on the rating profiles of financial services and corporates. He contributed to the development of S&P Green Evaluation, leading the development of the approach for adaptation projects. He is a qualified UK actuary and MSc in Mathematics.
Katy Jones manages the Big Issue Invest Outcomes Investment Fund, which makes outcomes-linked investments into charities and social enterprises delivering Payment by Results contracts and Social Impact Bonds. The Outcomes Investment Fund is one of three funds managed by Big Issue Invest, a leading UK impact investor established in 2005. Before joining Big Issue Invest, Katy was a corporate finance advisor with impact investment intermediaries Social Finance and ClearlySo and to leading Indian Non Bank Finance Company, Varthana. She started her career in investment banking, focusing on buyouts and restructuring with UBS and RBS. Ms Jones is a director of the UK Financial Inclusion Forum.
Nazia Mintz Habib
Nazia Mintz Habib is the Research Director for the Resilience and Sustainable Development Programme (RSDP) at Cambridge Univerity. Her work focuses on fostering resilience and sustainable development through public-private partnerships by improving public sector decision making in emerging countries using multidisciplinary research, methods and training. Dr Habib is currently researching integrating system dynamics analysis into responsible innovation and sustainable investment design in order to design, develop and deliver sustainable solutions across the value chain of a specific policy or product. Dr Habib regularly presents and writes on how to scale up complex global value chain of primary commodities, primarily in the agriculture and energy sector. Using complex global value chain analysis, she has developed frameworks to accelerate institutional innovations in developing countries. In 2015, Dr Habib authored the Dead Sea Resilience Agenda for the United Nations (2015), which set out regional policy options for managing the Syrian refugee crisis. Dr Habib previously served as a Lecturer in the Department of Politics and International Studies at the University of Cambridge, where she taught climate policy and food policy. Prior to joining Cambridge, Dr Habib was a Sustainability Science Fellow at the John F. Kennedy School of Government at Harvard University where she focused on identifying multiple pathways to improve sustainable development in developing countries. Dr Habib consults for multilateral agencies, including the United Nations, World Bank and the International Food Policy Research Institute (IFPRI) where she engages with senior leadership of emerging market counties on issues related to policy innovation in good governance, climate adaptability and livelihoods strategies. Originally from Bangladesh, Dr Habib received a PhD in Land Economy from the University of Cambridge.
Fred Werneck is a specialist in private investments and financial structuring, with over 17 years of experience across various markets and financial products. He acted as Chief Investment Officer of IFIT Fund Services from 2013 to 2016. Prior to joining IFIT, he was the fund manager of responsibility Ventures I, a venture capital fund for businesses that address basic needs of low income population in emerging markets. During his nearly 5 years at responsAbility, Fred led equity and quasi-equity investments in multiple sectors and continents, heading a team that analysed some 2’000 SMEs and microfinance institutions. Mr Werneck is Brazilian and worked in investment banking (M&A) in South America from 1999 to 2006, before earning an MBA at London Business School. He also led carbon credit-related investments at Climate Change Capital, a London-based USD 1bn AUM asset manager. A native Portuguese speaker, he is fluent in English and Spanish, speaks French and is learning German.
Agenda - 27th Nov
2:00pmRegistration and refreshments
Chair: Andrew Jack, Head of Curated Content, Financial Times
2:40pmOpening Keynote – A World of Opportunity: Translating Sustainable Development Goals into Successful Strategy
James Cameron, Chairman, Overseas Development Institute
3:00pmPanel – Climate on our Minds: What should the next generation of climate finance look like?
Fresh in the wake of COP23 and a slew of unprecedented and catastrophic storms across the Caribbean and the US, this panel will discuss the very latest innovations in climate finance – what is necessary and how do we achieve it? What are the innovations in green bonds, their applications and impact?
Professor Sam Fankhauser, Director, Grantham Research Institute on Climate Change and the Environment
Fred Werneck, Co-Founder and Advisor, Clarmondial and Clarmondial Foundation
Miroslav Petkov, Director, Head of Financial Services Environmental and Climate Risk Research, Head of EMEA ERM Team, S&P Global Ratings
Dr Nazia Mintz Habib, Research Director, Resilience and Sustainable Development, University of Cambridge
Silvia Pavoni, Economics Editor, The Banker
4:00pmLeadership Vision - Keynote Address
John Elkington, Chairman and Co-Founder, Volans
4:15pmPanel - Clever Capital; Sustainable Capital Markets
A range of perspectives on financing social good in a world much in need of new or renewed infrastructure, housing and welfare. How are social and sustainability bonds, going to prove pivotal in securing better futures for communities around the world? How can capital markets play their part in redressing growing inequality within developed and developing markets and the geopolitical risks which follow? What is the measurable impact and return on social bonds? And what is the future of the social bond market as it matures and evolves in line with global development needs? And regarding impact investing in emerging markets how does private equity play its part?
Elena Panomarenko, Senior Financial Officer, Treasury and Funding, IFC
Claudia Kruse, Managing Director Governance & Sustainability, APG Asset Management
Katy Jones, Investment Director, Big Issue Invest
Johnny el Hachem, CEO, Edmond de Rothschild Private Equity
Doris Herrera-Pol, Member of the Board of Directors, IFFIm (Formerly Global Head of Capital Markets, World Bank)
Philip Brown, Managing Director and Global Head of Green and Social Bonds, Citi
5:00pmPanel - Investing in Innovation: From green tech to digital health and financial inclusion
This panel brings together investors to discuss the surge in investor engagement with sustainable technologies that are transforming a range of sectors and bringing new social, economic and environmental benefits as a result. What are the investment opportunities? How do investors best evaluate and track impact?
Tamsin Chislett, Head of Impact, Research & Innovation, ClearlySo
Lucy Heady, Impact Director, Investments Team, Nesta
Gaia Fasso, Head, Anthemis Institute
Bob Annibale, Global Director of Community Development and Inclusive Finance, Citi
Andrew Jack, Head of Curated Content, Financial Times
This half-day event will bring together senior representatives from across financial services including:
Asset Management and Investment Firms
Infrastructure Finance and Investment
PE and VC
Attendance is by invitation only. Applicants will be considered subject to availability of seats and meeting the qualifying criteria.
Organised by (1)
Financial Times Live (FT Live) is the global conferences and events division of the Financial Times Group. Chaired by senior journalists from the Financial Times Group, the summits, conferences, awards and strategic forums organised by FT Live gather the world’s brightest minds and most influential decision-makers.
Exclusive on-stage interviews, stimulating presentations and lively panel debates – available on multiple content platforms – provide the cutting-edge insights, unique personalities and peer audience engagement that have the power to transform finance, business, politics, society and culture.
The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. In 2016 the FT passed a significant milestone in its digital transformation as digital and services revenues overtook print revenues for the first time. The FT has a combined paid print and digital circulation of more than 910,000 and makes 60% of revenues from its journalism.
In partnership with (1)
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook:www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.