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Environment & Sustainability, Energy, Finance

FT Climate Finance Summit

Climate Finance for Climate Change: Discovering Opportunity

New York |
Speakers include:
Al  Gore

Al Gore

Co-Founder and Chairman, Generation Investment Management

Saadia Madsbjerg

Saadia Madsbjerg

The Rockefeller Foundation

Ronald Wuijster

Ronald Wuijster

APG Asset Management

Overview

Following the success of the inaugural FT Climate Finance Summit held in London in May 2017 the Financial Times is pleased to announce the launch of the FT Climate Finance Summit 2018 to be held in New York on 6 February.

This one day conference brings together leading figures in the Climate Finance industry. Speakers will address key themes affecting the US market such as the growing impact of state policies. In addition, pension funds, foundations and family offices, all of which have a key strategy towards impact and green investments will share their experiences and challenges, and where they see future opportunity for generating returns whilst addressing one of the greatest challenges of humanity.

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fallback Add to my Calendar 02/06/2018 08:00:0002/06/2018 17:30:00trueFT Climate Finance SummitFollowing the success of the inaugural FT Climate Finance Summit held in London in May 2017 the Financial Times is pleased to announce the launch of the FT Climate Finance Summit 2018 to be held in New York on 6 February.This one day conference brings together leading figures in the Climate Finance industry. Speakers will address key themes affecting the US market such as the growing impact of state policies. In addition, pension funds, foundations and family offices, all of which have a key strategy towards impact and green investments will share their experiences and challenges, and where they see future opportunity for generating returns whilst addressing one of the greatest challenges of humanity.FT-Climate-Finance-Summitf1dfe6f79bb7e12b5d413c1c930046ddMM/DD/YYYY

Full overview

Climate change has implications for us all. Stabilizing the global climate is one of the most urgent and critical challenges facing our society.  Despite The Trump Administration pulling out of the Paris agreement, the sentiment and the priorities of investors and asset managers in this space continues to gather momentum. Many in the US institutional investor community are reducing hedge fund and private equity manager headcount but are still increasing their allocation to impact and the United Nations Sustainable Development Goals (SDGs).

This one day conference brings together leading figures in the Climate Finance industry. Our prominent speakers will address key themes affecting the US market such as the growing impact of state policies. In addition, pension funds, foundations and family offices, all of which have a key strategy towards impact and green investments will share their experiences and challenges so far and where they see future opportunity for generating returns whilst addressing one of the greatest challenges of humanity.

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Keynote Address (1)

Al  Gore

Al Gore

Former Vice President, United States
Co-Founder and Chairman, Generation Investment Management

Former Vice President Al Gore is the cofounder and chairman of Generation Investment Management. He is a senior partner at Kleiner Perkins Caufield & Byers and a member of Apple Inc.’s board of directors. Gore spends the majority of his time as the chairman of The Climate Reality Project, a nonprofit devoted to solving the climate crisis. 
Gore was elected to the U.S. House of Representatives in 1976, 1978, 1980, and 1982 and to the U.S. Senate in 1984 and 1990. He was inaugurated as the 45th vice president of the United States on January 20, 1993, and served eight years. 
He is the author of the best-sellers "Earth in the Balance", "An Inconvenient Truth", "The Assault on Reason", "Our Choice: A Plan To Solve the Climate Crisis", "Future: Six Drivers of Global Change", and most recently, The New York Times best-seller "An Inconvenient Sequel: Truth to Power".
He is the subject of an Oscar-winning documentary, An Inconvenient Truth, and a new film which premiered in July 2017, An Inconvenient Sequel: Truth to Power. Gore is the co-recipient, with the Intergovernmental Panel on Climate Change, of the 2007 Nobel Peace Prize, for “informing the world of the dangers posed by climate change.”

Speakers (27)

Saadia Madsbjerg

Saadia Madsbjerg

Managing Director, Innovative Finance
The Rockefeller Foundation

As Managing Director, Saadia leads the Foundation's work on Innovative Finance, overseeing its ‘Zero Gap’ portfolio. Her responsibilities include developing next generation finance mechanisms and large-scale blended finance funds that mobilize private sector capital towards the SDGs. Her work directly supports the Foundation’s mission of promoting the well-being of humanity throughout the world. 

She has been featured in numerous publications such as the FT, Bloomberg, BBC, and WSJ Live, among others, and frequently speaks at industry and finance events to advance the idea of innovative finance as a mainstream instrument of social policy. She is a frequent author as well, having contributed pieces to Foreign Affairs, Project Syndicate, Fortune.com, Business Insurance, and many other publications.

Before joining The Rockefeller Foundation, she was Senior Vice President for Strategic Planning at the New York City Economic Development Corporation. Prior to NYCEDC, she was an Associate Principal at McKinsey & Company

Ms Madsbjerg holds a Master of Science in Applied Economics and Finance from Copenhagen Business School, and George Washington University and she has a Bachelor of Science degree in International Business from Copenhagen Business School and Boston College.

Ronald Wuijster

Ronald Wuijster

Chief Investment Officerand interim Chief Executive Officer
APG Asset Management

Ronald Wuijster is Chief Investment Officer and interim Chief Executive Officer at APG Asset Management. He is also member of the Executive Board of APG Group. He joined ABP in 2006 as  Managing Director Strategic Portfolio Management and had the same position as of 2008 for APG. Prior to this he worked at Robeco Groep NV since 1990, where he started as Senior Portfolio Manager and held several positions ending his career at Robeco as Director of Research.

Mr Wuijster studied Business Economics and Law at the Erasmus University in Rotterdam. He studied Finance and Accounting at the London School of Economics in London and Psychology at the University of Leiden.

Next to his job at APG he chairs the Committee of Asset Management from the Dutch Pension Federation and he is a member of the accreditation committee of the DSI. 

Kyung-Ah Park

Kyung-Ah Park

Managing Director, Head of Environmental Markets
Goldman Sachs & Co

Kyung-Ah is a Managing Director and the Head of Environmental Markets at Goldman Sachs. In that capacity, she oversees and supports the global environmental initiatives of Goldman Sachs including environmental risk management and works closely with the businesses on environmental market opportunities.

She also heads the Center for Environmental Markets, which partners with corporates, non-governmental organisations, and academic institutions to facilitate research and develop pilot projects that inform public policy and further market-based solutions to environmental issues. Ms Park serves on the bank’s Physical Commodity Review Committee. Previously, she was a Vice President in the Industrials Group of the Investment Banking Division and an Executive Director of Goldman Sachs (Asia) LLC. Ms Park joined Goldman Sachs in the Mergers & Acquisitions Department in New York.

Prior to joining the firm, she worked as a management consultant at McKinsey & Company in Seoul, Korea, and Johannesburg, South Africa. Ms Park earned an MBA from Harvard Business School and a BA from Yonsei University in Seoul, Korea. She serves on the Board of Directors of Girls Inc. of NYC.

Ryan  Smith

Ryan Smith

Managing Director
Zoma Capital

Ryan P. Smith is a Managing Director at Zoma Capital, the private family office of Ben and Lucy Ana Walton, where he oversees a fully values-aligned investment strategy in energy and water.  Prior to Zoma, he was a Director of the Customized Fund Investment Group (“CFIG”) at Credit Suisse and GCM Grosvenor.   CFIG is one of the largest investors in private equity with $20 billion under management.   Mr Smith was responsible for establishing the alternative energy practice, as well as leading the impact and sustainability verticals.   He served as an observer to the board of directors of CrystalIS, Invenergy, Pinova, SolarReserve, TAS Energy and Zeropoint.  He graduated from the University of Notre Dame.

Vikram Widge

Vikram Widge

Head, Climate Finance & Policy
IFC Climate Business

Vikram Widge is Head of Climate Finance and Policy at IFC, the private sector affiliate of the World Bank.  He leads the external engagement on climate finance and the deployment of innovative market-based solutions to mobilise private capital for low carbon development in emerging markets. He also oversees IFC's work on climate policy, carbon pricing, climate risk and adaptation, and greenhouse gas accounting and related metrics.   

Until recently, he also managed the World Bank’s carbon finance business with more than $3 billion in funds under management and development, as well as innovative results-based financing instruments and technical assistance for market-based carbon pricing that support governments to implement climate-smart policies and attract financing.   Mr Widge worked in the private sector for 10 years before joining IFC in 1994. He has extensive experience in supporting and financing clean technologies such as renewable power, waste-to-energy, fuel cells and electric vehicles. He structured and managed an off-grid solar PV fund for six years in the late 1990s.  

Mr Widge has a Bachelor’s degree in Engineering from the Indian Institute of Technology in Delhi (1982) and a Master’s degree in Resource Economics from the University of Maryland (1986), where he was a research scholar and graduate fellow

Adam  Matthews

Adam Matthews

Head of Engagement
Church Commissioners and Church of England Pensions Board

 

Adam Matthews is the Head of Engagement for the Church Commissioners for England and the Church of England Pensions Board as well as Secretary for the Ethical Investment Advisory Group (EIAG) which provides the ethical policy advice for the Church of England National Investing Bodies (combined assets of over £12 billion).  The most recent published policy was on the extractive industries.

He founded and now Co-Chairs the Transition Pathway Initiative (TPI) an asset owner-led and asset manager-supported global initiative which identifies companies’ preparedness for the transition to the low carbon economy.  TPI was launched at the London Stock Exchange in January 2017, with the London School of Economics Grantham Research Institute and FTSE Russell and is supported by asset owners and managers with over £5 trillion/$6.7 USD assets under management.

He is also the lead for the Church of England on the Mining and Faith Reflections Initiative (MFRI) a forum that convenes mining company CEO’s and representatives of the Vatican and Methodist Church.

Before joining the Church of England, he was Secretary General of an International legislator’s organisation managing an international secretariat based in 15 countries.  He supported the development of legislation on issues of sustainable development leading to new laws on climate change and forestry in a number of countries. His work attracted the support of the United Nations Secretary General and the President of the World Bank.

He also serves as a member of the Royal College of Physicians Investment Advisory Board.

Anna  Pot

Anna Pot

Manager Responsible Investments
APG Asset Management US

Anna Pot is Manager, Responsible Investments for APG Asset Management N.V., which manages €467 billion (October 2017) in Dutch pension assets. She started at APG in 2008 and currently works in the New York office with the capital markets teams on engaging U.S. companies and further integrating ESG considerations in the investment process. She is responsible for sustainability dialogues with companies and for APG’s inclusion/exclusion policy. Before joining APG, she coordinated the human rights and business sector program of Amnesty International Netherlands, and managed a sustainable investment fund at ING. Anna has a Masters of Political Science, International Relations, Human Rights and International Law from the University of Amsterdam.

Alfred   Griffin

Alfred Griffin

President
NY Green Bank

Alfred Griffin is President of New York Green Bank (“NY Green Bank”), where he oversees the development of partnerships with private sector capital providers to address market barriers limiting private investment in attractive renewable energy and energy efficiency projects. Mr. Griffin brings 25 years of financial experience to NY Green Bank and is an industry leader in developing innovative solutions in support of renewable energy generation and energy efficiency.

Prior to joining NY Green Bank, Mr. Griffin specialized in structured finance with roles in corporate and investment banking, capital markets and risk management at Citigroup Global Markets Inc. Specific roles included Alternative Energy Banking where Mr. Griffin was responsible for the design, marketing and execution of structured solutions within the evolving market segment. Within the sector, Mr. Griffin was involved with a variety of innovative transactions including energy efficiency loan and lease securitizations, distributed solar portfolio financings, energy savings projects, and government-agency debt guarantee transactions.   Other responsibilities at Citi included Institutional Recovery Management where Mr. Griffin developed and implemented strategies for mitigating risk exposures to distressed companies and projects. 

Mr. Griffin is a graduate of the University of North Carolina at Chapel Hill where he earned his B.A. and M.B.A. degrees, and currently serves on the Board of Visitors.  He is a Chartered Financial Analyst.

Michael  Lent

Michael Lent

CIO
Veris Wealth Partners

Michael is a founding Principal and the Chief Investment Officer of Veris Wealth Partners. For 20 years, he’s been delivering financial planning and investment consulting services to high-net-worth families, family offices, and foundations. He has been recognized by the Calvert Foundation for his advocacy of blended-value community investing and is regularly cited by major media outlets such as AP and Reuters on matters pertaining to sustainable investing. Prior to Veris, he co-founded the New York office of Progressive Asset Management, the first full-service broker/dealer to focus on socially responsible investing.

Mr Lent served as Chair of the Board of Directors of US SIF, The Forum for Sustainable and Responsible Investment, an association for professionals, firms, institutions and organizations engaged in socially responsible and sustainable investing. In addition, he is a member of the Investments & Wealth Institute™, which sets standards and practices for the investment management consulting profession. He received his Certified Investment Management Analyst (CIMA®) designation in 2002. He also has a B.A. in Biology from the University of California at Santa Cruz. 

Clay  Nesler

Clay Nesler

VP, Global Sustainability & Industry Initiatives
Johnson Controls

Clay Nesler is the Vice President, Global Sustainability and Industry Initiatives for Johnson Controls.  Since joining Johnson Controls in 1983, he has held a variety of leadership positions in research, product development, marketing, strategy and corporate sustainability in both the United States and Europe.

Mr Nesler serves on the board of American Council for an Energy Efficient Economy, is Chair of the Industrial Advisory Board of the US-China Clean Energy Research Center (CERC) Building Energy Efficiency Consortium and is co-chair of the US-China Energy Performance Contracting industry working group.  He helped establish the UN Sustainable Energy for All Building Efficiency Accelerator and serves as a Senior Advisor to the World Resources Institute Ross Center for Sustainable Cities.

Mr Nesler received BS and MS degrees in Mechanical Engineering from the University of Illinois at Urbana-Champaign.  He is a winner of the 2005 Corenet Global Innovator’s Award, the 2012 VERGE 25 award, a 2015 Distinguished Alumnus Award from the University of Illinois and a 2017 leadership award from the U.S. Green Building Council.

Frank  Elderson

Frank Elderson

Executive Director
DNB

Frank Elderson has served as an Executive Director of De Nederlandsche Bank (DNB) since 1 July 2011. In that capacity he is currently responsible for Pension Funds’ supervision, Horizontal supervisory functions, Banking Resolution and Legal Affairs. He is a member of the Plenary Session of the Single Resolution Board. He chairs the Netherlands Platform for Sustainable Finance. The chairman of the Sustainability Committee of DNB reports to him. He participates as an observer in the High-Level Expert Group on sustainable finance of the European Commission. Before joining DNB’s Executive Board, Mr Elderson served as Head of the ABN AMRO supervision department (2006-2007), Director of the Legal Services division (2007-2011) and DNB’s General Counsel (2008-2011). He received his professional training as an attorney with Houthoff Advocaten & Notarissen from 1995 to 1998. Having studied various courses at the University of Zaragoza, Spain, he graduated in Dutch law at the University of Amsterdam in 1994. He obtained an LL.M. Degree at Columbia Law School, New York, in 1995.

Jane  Rueger

Jane Rueger

Partner
White & Case

Jane Rueger has a wealth of experience advising clients in the electric and natural gas industries. Her expertise in both these critical industries has been honed by significant experience in transactional, litigation and regulatory matters.

Ms Rueger’s knowledge of natural gas and electric industries and markets helps clients navigate complex transactions. She regularly represents clients in the negotiation of power purchase agreements (conventional and renewable generation), M&A transactions, project financings, interconnection agreements, gas pipeline precedent agreements, asset management agreements and LNG offtake agreements. She also counsels market participants on RTO/ISO market rules around the US and the development of creative strategies to successfully operate within those markets.

She is a published thought leader in understanding the shale gas revolution in the US. She advises clients on the development, permitting and regulation of interstate gas pipelines, as well as the federal rules and regulations of interstate pipelines and facilities for the export of LNG and gas from the US.

Eduard  Van Gelderen

Eduard Van Gelderen

Senior Managing Director, Office of the Chief Investment Officer of the Regents
University of California

Eduard joined the University of California in the summer of 2017 to head up the $65 billon defined benefit pension plan, to govern public equities and real assets investments and to expand the strategic relationships in Europe. Prior to that he was the CEO at APG Asset Management and a member of the Executive Board of APG Groep N.V., the $536 billion Dutch pension servicing company. 

Prior to APG he held positions as deputy-Chief Investment Officer at ING Investment Management and Head of Investments at Lombard Odier Darier Hentsch. During the first eight years of his career he held different investment banking positions in Amsterdam and London. 

Eduard studied quantitative finance at the Erasmus University in Rotterdam and Asset Liability Management at the University of Maastricht. He is also a Chartered Financial Analyst and Financial Risk Manager.

Jessica  Brown

Jessica Brown

Associate Director
Climate Policy Initiative

Jessica Brown is Associate Director at Climate Policy Initiative, supporting CPI’s work on tracking, assessing, and scaling up global climate finance. She previously served as a Foreign Affairs Officer at the State Department where she led all international climate finance negotiations on behalf of the United States government. Before that, she served as a Research Fellow for the Overseas Development Institute, where she focused her research on measuring, tracking, and assessing the effectiveness of international climate finance flows. Ms Brown has also worked at California Environmental Associates where she designed and evaluated environmental programs for private, philanthropic, and non-governmental clients. She is an internationally recognized expert and policy maker with 15 years of experience in environmental and climate change research, analysis and consulting. She holds a Masters in International Development Studies from the London School of Economics and a Masters in Environmental Policy from Columbia University.

Priya  Parrish

Priya Parrish

Chief Investment Officer
Schwartz Capital Group

Priya Parrish is the Chief Investment Officer of Schwartz Capital Group, a single family office investing globally across private and public markets. She is also an Impact Investor in Residence at the University of Chicago, where she mentors, teaches, and supports impact investing programs at the Booth School of Business. Previously, she was a senior member of the investment team at Aurora Investment Management, a multi-billion dollar manager of hedge fund portfolios. Prior to that, she worked as an Investment Product Manager of quantitative and social impact investment strategies at Northern Trust Asset Management and KLD Research & Analytics. She earned an MBA from the University of Chicago Booth School of Business and a BS from Babson College.

Jeffrey  Eckel

Jeffrey Eckel

President & CEO
Hannon Armstrong

Mr. Eckel has served as Chairman of our board of directors since 2013 and has served as our President and CEO since 2013. He was President and CEO since 2000, and prior to that from 1985 to 1989 a Senior Vice President, of Hannon Armstrong Capital, LLC, the entity that operated our historical business prior to the consummation of our April 2013 initial public offering. He previously held Senior Executive positions such as CEO of EnergyWorks, LLC and Wärtsilä Power Development. Mr. Eckel is a member of the board of directors of the Alliance To Save Energy and is a member of the President’s Council of Ceres, Inc., the Cornell University Program in Infrastructure Policy advisory board and on the board of The Nature Conservancy of MD and DC. He was appointed by the Governor of Maryland to the board of the Maryland Clean Energy Center in 2011 where he served until 2016 while also serving as its Chairman from 2012 to 2014. Mr. Eckel has over 35 years of experience in financing, owning and operating infrastructure and energy assets. Mr. Eckel received a Bachelor of Arts degree from Miami University in 1980 and a Master of Public Administration degree from Syracuse University, Maxwell School of Citizenship and Public Affairs, in 1981. He holds Series 24, 63 and 79 securities licenses.

Leo  Martinez-Diaz

Leo Martinez-Diaz

ex-US Treasury, Global Director, Sustainable Finance Center
WRI

Leonardo Martinez-Diaz is the Global Director, Sustainable Finance Center of the World Resources Institute. In this capacity, he leads our engagement with governments, development finance organizations, and private financial institutions to rapidly accelerate the shift to sustainable finance. He also guides and amplifies the Finance Center’s research, analysis and influence strategies, and oversees the technical support that the finance team provides across WRI.

He joins WRI after six years at the U.S. Department of the Treasury. As Deputy Assistant Secretary for Energy and Environment, he was responsible for overseeing multilateral climate and environmental funds, directing Treasury's domestic and international work on climate finance, and leading on climate change elements of international negotiations, including at the G7, G20, UNFCCC COP, and the U.S.-China Strategic and Economic Dialogue. He stands out for his intimate knowledge of relevant institutions—he has worked for the IMF, World Bank and USAID, and served on the board of the Green Climate Fund—as well as his fresh ideas and force of intellect. He brings a wealth of international experience, including time in Indonesia and Mexico, and continues WRI’s tradition of close and trusting working relationships with all stakeholders, especially developing countries.

Lila  Preston

Lila Preston

Partner
Generation Investment Management

Lila joined Generation in 2004 and is a member of the Growth Equity strategy. Prior to joining Generation, she was a Director of Finance and Development at VolunteerMatch in San Francisco, and also a consultant for clients such as Save the Children (YouthNoise). Prior to joining VolunteerMatch, she was a Fulbright Fellow in Southern Chile where she worked on community-based forestry and conservation projects.

She graduated with honors from Stanford University with a BA in English and Latin American Studies. She also received an MBA from the London Business School. Lila is also a World Economic Forum Young Global Leader. She speaks fluent Spanish.

She serves as a Board Director for Seventh Generation and as a Board Observer for Optoro, RecycleBank, and Harvest Power. She also serves as a Board Director for the non-profit Sun Valley Institute for Resilience.

 

Adele  Morris

Adele Morris

Senior Fellow - Economic Studies, Policy Director - Climate and Energy Economics Project,
Brookings Institution

Adele Morris is a Senior Fellow and Policy Director for Climate and Energy Economics at the Brookings Institution. Her research informs critical decisions related to climate change, energy, and tax policy. She is a leading global expert on the design of carbon pricing policies.

She joined Brookings in July 2008 from the Joint Economic Committee (JEC) of the U.S. Congress, where she advised members and staff on economic, energy, and environmental policy. Before her work in Congress, Morris was the lead natural resource economist for the U.S. Treasury Department for nine years. In that position, she informed and represented Treasury’s positions on agriculture, energy, climate, and radio spectrum policies. On assignment to the U.S. Department of State in 2000, she led negotiations on land use and forestry issues in the international climate change treaty process. Prior to joining the Treasury, she served as the senior economist for environmental affairs at the President’s Council of Economic Advisers during the development of the Kyoto Protocol. Morris began her career at the Office of Management and Budget, where she oversaw rulemaking by agriculture and natural resource agencies. She holds a Ph.D. in Economics from Princeton University, an M.S. in Mathematics from the University of Utah, and a B.A. from Rice University.

Ian  Simm

Ian Simm

Founder and Chief Executive
Impax Asset Management

Ian Simm is the Founder and Chief Executive of Impax Asset Management Group plc, a leading investment manager focused on resource efficiency and environmental markets. Mr Simm has been responsible for building the company since its launch in 1998, and continues to head the listed equities and real assets investment committees. Impax manages or advises approximately US$ 4.6 billion of capital, which is invested globally on behalf of institutional clients.

Prior to Impax, Mr Simm was an engagement manager at McKinsey & Company advising clients on resource efficiency issues. In 2013 he was appointed by the Secretary of State (Senior Minister) for Business, Innovation and Skills as a member of the Natural Environment Research Council (NERC), the UK’s leading funding agency for environmental science. He has a first class honours degree in Physics
from Cambridge University and a Master's in Public Administration from Harvard University.

Maximilian  Horster

Maximilian Horster

Managing Director
ISS-Ethix Climate Solutions

Maximilian Horster is a Managing Director of ISS-Ethix Climate Solutions. He was previously founder and managing partner of Climate Neutral Investments, a company in the South Pole Group, which was acquired by ISS-Ethix in 2017. In this capacity, he pioneered in 2010 the leading methodology to establish climate impact assessments of investment portfolios. This sophisticated system includes the validation of self-disclosed company emissions as well as the approximation for companies that do not report their emissions. He currently leads the two Climate-KIC (EU) funded GHG financial accounting projects and is working in several industry organisations dealing with GHG accounting, including the “2 degree investment initiative” and an initiative by the GHG Protocol. He frequently publishes on the topic.

Prior to starting CNI, Mr Horster worked in equity and fixed income research capacities as well as in business development with Capital Group Companies in Los Angeles, Toronto, Tokyo, Geneva and London. In his past, he was an academic researcher and worked with a Member of the European Parliament. He holds a PhD in History from the University of Cambridge.

Robert  Engle

Robert Engle

Michael Armellino Professor of Finance
New York University Stern School of Business

Robert Engle, the Michael Armellino Professor of Finance at New York University Stern School of Business, was awarded the 2003 Nobel Prize in Economics for his research on the concept of autoregressive conditional heteroskedasticity (ARCH). He developed this method for statistical modeling of time-varying volatility and demonstrated that these techniques accurately capture the properties of many time series. Professor Engle shared the prize with Clive W. J. Granger of the University of California at San Diego.

Professor Engle is the Director of the Volatility Institute at the Stern School at NYU.  In this role he has developed research tools to track risks in the global economy and make these publicly available on the V-LAB website.  These measures include volatility, correlation, long run value at risk and liquidity which are updated daily for thousands of global financial assets. 

V-LAB publishes the NYU Stern Systemic Risk Rankings which measure the systemic risk contribution of financial firms and countries using innovative statistical and economic models.  These rankings reflect the current levels of capital shortfall of more than 1000 firms which are widely watched by investors, academics and regulators. 

Anouk  Agnes

Anouk Agnes

Deputy Director General
Association of the Luxembourg Fund Industry (ALFI)

Anouk Agnes is the Deputy Director General at ALFI, the Association of the Luxembourg Fund Industry since April 2012. 

Before joining ALFI, Ms Agnes worked as an Advisor at the Ministry of Finance, with her main responsibilities related to the Government’s policy in favour of the development of the financial sector. As such, Ms Agnes acted as the Secretary of the High-level Committee for the Financial Centre and as Director of Strategy of Luxembourg for Finance, the agency for the development of the financial centre. She has furthermore been in charge of monitoring a number of projects in favour of microfinance, socially responsible investments and Islamic finance. 

Before joining the Ministry of Finance, Ms Agnes worked in the field of development cooperation, i.e. for the Asian Development Bank and for Lux-Development. 

Ms Agnes holds a Master’s degree in political science from the London School of Economics and Master’s degrees in law from the University Paris II and LMU Munich. 

Josh  Cohen

Josh Cohen

Managing Partner
City Light Capital

Josh Cohen is the Managing Partner and Co-founder of City Light Capital. He is also the Chief Investment Officer for Tyden Ventures, a single family office based in Grand Rapids, Michigan. Together with Justin A. Rockefeller, he recently cofounded The ImPact, whose mission is to increase the probability and pace of solving social problems by improving the flow of capital to businesses creating measurable social impact.
Prior to cofounding City Light Capital, Mr Cohen led direct investments for a family office in St. Louis, and worked with the SV Group, a private debt fund. Before becoming an investor, he was the Director of Business Development for Mobility Electronics (NASDAQ: IGOI). He graduated from the University of Michigan. He is a frequent speaker on the topic of impact investing.

Carol  Pepper

Carol Pepper

CEO
Pepper International

Carol Pepper is Founder and Chief Executive Officer of Pepper International LLC, a family office and consulting firm located in New York City.  She acts as the External CIO to wealthy families and Single Family Offices.  She oversees all asset classes and puts in place a comprehensive consolidated reporting system.  She is an expert in Impact Investing. Ms Pepper lectures extensively around the world on issues of interest to wealthy families.   She also appears regularly in the financial press and on television, including the Wall Street Journal, CNBC, Fox Business and Bloomberg, commenting on the markets. 

Ms Pepper has over 25 years of experience in the wealth management industry.  Prior to forming Pepper International in 2001, Carol had extensive experience as a private banker at JP Morgan Private Bank, Citibank Private Bank and Credit Suisse Private Bank. She managed over $1 billion of private client assets as a Senior Relationship Manager and Portfolio Manager at Rockefeller & Co., the multi-family office formed by the Rockefeller family. As a Principal at Morgan Stanley, she was instrumental in creating a web-based virtual family office prototype.

Sarah  Wilson

Sarah Wilson

Director
Nuveen

Sarah Wilson is a Director and member of the Responsible Investing team at Nuveen. Her responsibilities include the integration of environmental, social and governance (ESG) factors in the investment process across asset classes, with a focus on fixed income.  She also focuses on firm-wide climate change initiatives, as well as measuring the social and environmental impact of the firm’s public and private investments.  Prior to joining TIAA, Nuveen’s parent company, in 2015, Ms. Wilson managed corporate sustainability reporting and renewable energy credit portfolios for Green Mountain Energy, a subsidiary of NRG, and helped structure debt financing for renewable energy projects as a summer associate at Bank of America Merrill Lynch.  Ms. Wilson holds an M.B.A. and Master of Environmental Management from Yale University and a B.A. in Economics and Plan II Honors from the University of Texas at Austin.  She sits on the advisory board of the Yale Initiative for Sustainable Finance.

Frank  van Lerven

Frank van Lerven

Economist
New Economics Foundation

Frank van Lerven is an Economist for one the UK’s leading think tanks the ‘New Economics Foundation’ (NEF). Specialising in monetary policy, banking, and developmental finance, he has been published in renowned academic journals and newspapers. Mr van Lerven currently leads NEF’s work on greening central banks and diversifying the UK’s banking system. Before joining NEF, he worked at the United Nations Development Programme and then went on to help start-up two prominent European think tanks aimed at reforming monetary policy, ‘Positive Money’ (UK) and ‘QE for People’ (Eurozone).’

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Co-Chairs (5)

Stephen Foley

Stephen Foley

Deputy US News Editor
Financial Times

Stephen Foley is Deputy US News Editor at the Financial Times, based in New York. He is also author of the FT's Ambitious Wealth column. Mr Foley was previously US Investment Correspondent, covering the asset management industry, hedge funds and institutional and retail investment issues, and before that, he was a markets correspondent for the FT, covering bond and credit derivatives, market developments, regulatory reform and their impact on the wider economy. Prior to joining the FT, Mr Foley was the Associate Business Editor of The Independent, where he covered the credit crisis and US business issues in New York. Prior to this, he covered the UK stock market and the pharmaceuticals industry for The Independent in London. In March 2009, he was named Business and Finance Journalist of the Year at the British Press Awards. Mr Foley holds a degree from Cambridge University, as well as a diploma in Newspaper Journalism from City University in London.

Robert  Schuwerk

Robert Schuwerk

Interim Director North America
Carbon Tracker

Robert Schuwerk is an Attorney admitted to the New York and Texas State Bars.  He is Interim Director North America and works on Carbon Tracker’s US regulatory and legal strategy and activities.  Prior to joining Carbon Tracker, he worked as a securities litigator for a large New York law firm and as an Assistant Attorney General for the State of New York’s Environmental Protection Bureau.  Robert received his J.D. from the Yale Law School in 2005.  In 2006, he completed a clerkship for the Honorable I. Leo Glasser, Federal District Court Judge, Eastern District of New York.

Gillian Tett

Gillian Tett

US Managing Editor
Financial Times

Gillian Tett serves as US Managing Editor, leading the Financial Times’ editorial operations in the region across all platforms. She writes weekly columns for the FT, covering a range of economic, financial, political and social issues throughout the globe. Ms Tett previously served as Assistant Editor, US Managing Editor from 2010 to 2012, and prior to this Assistant Editor responsible for the FT’s markets coverage. Other roles at the FT have included Capital Markets Editor, Deputy Editor of the Lex column, Tokyo Bureau Chief, Tokyo Correspondent, London-based economics reporter and a reporter in Russia and Brussels.

In 2014, she was named Columnist of the Year in the British Press Awards and also received the Royal Anthropological Institute Marsh Award. Ms Tett's latest book is The Silo Effect: Why Putting Everything In Its Place Isn't Such A Bright Idea (Simon & Schuster, 2015). She is the author of New York Times bestseller Fool’s Gold: How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and Unleashed a Catastrophe (Little Brown, UK and Simon and Schuster, US, 2009) and Saving the Sun: A Wall Street Gamble to Rescue Japan from Its Trillion Dollar Meltdown (Harper Collins, 2003). Before joining the FT in 1993, Ms Tett was awarded a PhD in Social Anthropology from Cambridge University, where she also earned her Bachelor’s degree.

Ed Crooks

Ed Crooks

US Industry and Energy Editor
Financial Times

Ed Crooks was appointed US industry and Energy Editor in August 2010. Prior to that, he was Energy editor at the FT, based in London. Mr Crooks joined the FT in 1999 as Economics Editor, and then went on to become UK News Editor. Previously, Mr Crooks was an Economics Correspondent for the BBC, reporting on both television and radio. He started at the BBC as a researcher and producer and worked across several news programmes. He has also been a reporter and Editor for the Investors Chronicle as well as an Economic Analyst for the Institute for Fiscal Studies. Mr Crooks graduated from Oxford University with a degree in Philosophy, Politics and Economics. He regularly appears on national and international TV and radio.

John  Authers

John Authers

Senior Investment Commentator
Financial Times

John Authers has been the Financial Times’ Senior Investment Commentator, based in New York, since September 2014. He writes The Long View and Smart Money columns, which examine long-term market trends, and also presents the Authers’ Note daily stream of videos. Previously, he was the global editor of Lex, the FT’s flagship daily opinion column, and before that the FT's investment editor, introducing the popular daily Short View video, and taking a leading role in shaping the FT’s coverage of the global financial crisis. Mr Authers joined the FT in 1990 and during his career has also served as its US markets editor, Mexico City bureau chief, US banking correspondent, UK education and local government correspondent, and personal finance correspondent. In 2009, he was named senior journalist of the year by the Wincott Foundation, He also won Best in Business awards from the Society of American Business Editors and Writers in 2008 and 2010 for his online video reports, and has twice been named the UK’s investment journalist of the year for national newspapers in the State Street Institutional Press Awards. Mr Authers holds an MBA from Columbia Business School and an MS from Columbia School of Journalism as a Knight-Bagehot Fellow. He holds a degree in Philosophy, Politics and Economics from University College, Oxford.

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Agenda - 6th Feb

  • 8:00am
    Registration and Networking
  • 8:55am
    Opening Remarks from the FT Co-Chair

    Ed Crooks, US Industry and Energy Editor, Financial Times
    John Authers, Senior Investment Commentator, Financial Times

     

  • 9:05am
    Keynote Address: Climate Finance: The Sustainability Revolution

    In this keynote address, Al Gore will re-frame Climate Finance in terms of the vast economic and investment opportunity it presents, outlining how the powerful forces of resource limitations and new innovations are colliding in the form of a Sustainability Revolution.
    Al Gore, Former Vice President, United States, Chairman, Generation Investment Management

    Followed by:

    Keynote Interview:
    with Al Gore Former Vice President, United States and Gillian Tett US Managing Editor, The Financial Times

  • 9:40am
    Panel Discussion: Climate Finance: The US Market

    This panel will discuss current trends and opportunities for climate finance in the US market. In that context, it will also touch upon the growing impact of state policies

    • What are the flows of climate finance into renewable energy projects and other climate change mitigation measures?
    • What are the investment flows into climate change adaptation projects, i.e. climate proof cities and infrastructure?
    • How can the knowledge gap for infrastructure investments by addressed?  
    • What is the impact of federal and state policies on these flows? How is that policy landscape expected to change over the next five years?
      • A focus on California – as the biggest and strictest state, what does the Californian scheme mean for the future of climate finance in the US?  Is it a model to be followed or replicated?
    • How can incentives be further developed to encourage climate investment?
      • An overview of tax incentive schemes and the implications for the market such as distortions

    Moderator: Stephen Foley, Deputy US News Editor, Financial Times

    Panelists:
    Jeffrey Eckel, President & CEO, Hannon Armstrong
    Alfred Griffin, President, NY Green Bank
    Clay Nesler, VP, Global Sustainability & Industry Initiatives, Johnson Controls
    Kyung-Ah Park, Managing Director, Head of Environmental Markets, Goldman, Sachs & Co

  • 10:20am
    Panel Discussion: Driving Innovation for a 2 Degree World. The Role of Private Equity and Venture Capital
    • An update on current private equity investments in the West Coast Renewable Sector
    • Direct vs fund investing – implications and benefits
    • Where are the opportunities for Climate Finance Investment in VC?
    • What are priorities of LPs looking to make PE/VC investments in the renewable sector? What is the current appetite?

    Moderator: John Authers, Senior Investment Commentator, Financial Times
    Panelists:
    Carol Pepper, CEO, Pepper International
    Josh Cohen, Managing Partner, City Light Capital, CIO, Tyden Ventures
    Ryan Smith, Managing Director, Zoma Capita
     

  • 11:00am
    Networking Coffee Break
  • 11:30am
    Panel Discussion: Sector Focus: Energy and Climate Finance Opportunities Within
    • What is happening in the gas market – how are companies responding and linking to climate finance?
    • The transition from shale oil and gas to renewable an opportunity to seize?
    • The growth of sub-national carbon pricing?

    Moderator: Ed Crooks, US Industry and Energy Editor, Financial Times

    Panelists:
    Jane Rueger, Partner, White & Case
    Eduard Van Gelderen, Senior Managing Director, Office of the Chief Investment Officer of the Regents, University of California
    Jessica Brown, Associate Director, Climate Policy Initiative

  • 12:10pm
    Panel Discussion: Delving into Green Portfolios: The Challenges and Opportunities
    • Risk versus impact: How to approach and frame climate change for investment strategies
    • Measuring climate change risk and impact in portfolios: Data and approaches
    • Green bonds and the integrity of definition and standards in this space
    • Implementing fossil fuel free and low-carbon strategies across all asset classes
    • Engagement and voting as portfolio decarbonization tools
    • Thematic investing in assets linked to climate change solutions
    • TCFD and beyond: The role of investors as users and preparers of climate risk reporting

    Moderator: John Authers, Senior Investment Commentator, Financial Times

    Panelists:
    Anna Pot, Manager Responsible Investments, APG Asset Management US
    Michael Lent, CIO, Veris Wealth Partners
    Maximilian Horster, Managing Director, ISS-Ethix Climate Solutions
    Sarah Wilson, Director, Nuveen

  • 12:50pm
    Presentation: Putting Climate Finance at the Heart of your Investment Portfolio
    • A case study example of company who prioritises green and climate initiatives their investment strategies
    • What role can and have shareholders played in directing companies to address climate risks in their activities and business models
    • Has prioritising climate concerns yielded competitive advantage for your business?

    Ronald Wuijster, Chief Investment Officer and interim Chief Executive Officer, APG Asset Management

  • 1:20pm
    Lunch
  • 2:20pm
    Panel Discussion: Expanding Climate Finance. The Role of Central Banks and Financial Regulators
    • How do financial regulators and central banks affect climate finance? How can they support the expansion of climate finance?
    • What are examples of the measures financial regulators and central banks have taken to align their policies with climate objectives? To what extent do central banks account for climate criteria in the management of their balance sheets
    • What should be the next steps in implementing the recommendations of the Task Force on Climate-Related Financial Disclosures?

    Moderator: Robert Schuwerk, Interim Director North America, Carbon Tracker

    Panelists:
    Adele Morris, Senior Fellow - Economic Studies, Policy Director - Climate and Energy Economics Project, Brookings Institution
    Frank Elderson, Executive Director, DNB
    Frank van Lerven, Economist, New Economics Foundation
    Leo Martinez-Diaz, ex-US Treasury, Global Director, Sustainable Finance Center, WRI

  • 3:00pm
    Panel Discussion: Sectors Focus: Where are the Green Investment Opportunities in Agriculture and Forestry
    • The new models in agriculture and supply chain business models
    • The NGO’s role in the forestry and reforestation green bonds market
    • Agriculture as a climate finance investment opportunity
      -          What are the optimum structures for investment in this asset class?
      -          What can you expect for your LT returns in agriculture investment?

    Moderator: Ed Crooks, US Industry and Energy Editor, Financial Times

    Panelists:
    Saadia Madsbjerg, Managing Director, The Rockefeller Foundation
    Lila Preston, Partner, Generation Investment Management
    Vikram Widge, Head, Climate Finance & Policy, IFC

  • 3:40pm
    Investor Panel Discussion: Making Climate Finance Mainstream
    • How can investor appetite for climate finance related products be maintained and improved?
    • What are the key priorities of institutional and private investors in terms of sector and risk/return profile?
    • Which climate investment options are more popular with investors including, PE, indexing, green bonds etc?
    • Case study examples of how investors have incorporate their climate priorities into their portfolios including, the challenges they have encountered and how their investments have performed

    Moderator: John Authers, Senior Investment Commentator, Financial Times

    Panelists:
    Anouk Agnes,  Deputy Director General, Association of the Luxembourg Fund Industry (ALFI)
    Ian Simm, is the Founder and Chief Executive, Impax Asset Management Group plc
    Priya Parrish,Chief Investment Officer, Schwartz Capital Group
    Adam Matthews, Head of Engagement, Church Commissioners and Church of England Pensions Board

  • 4:20pm
    Closing Keynote Presentation: A Financial Approach to Climate Risk

    Climate risk is potentially enormously serious and some believe it threatens the entire human race. When faced with big long term risks it is natural to insure against them. In this case, there cannot be

    such insurance because the risk is non-diversifiable and consequently no firm can provide this insurance. The finance alternative is to allocate a portion of the investment portfolio to assets that will do especially well in the bad climate state of nature. This presentation aims to develop a dynamic approach to hedge climate change through Merton style hedge portfolios.

    Robert Engle, Michael Armellino Professor of Finance, New York University Stern School of Business

     

  • 4:50pm
    Closing Remarks from the FT Co-Chair

    Ed Crooks, US Industry and Energy Editor, Financial Times
    John Authers, Senior Investment Commentator, Financial Times

     

     

     

  • 5:00pm
    Networking Drinks Reception

Venue

10 on the Park
60 Columbus Circle
10th Floor
New York 10019

United States of America

Tel: +1 212-484-6600

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Accommodation

For accommodation options located near the venue please click here.

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Associate Sponsor (4)

Carbon Tracker is an independent financial think tank that carries out in-depth analysis on the impact of the energy transition on capital markets and the potential investment in high-cost, carbon-intensive fossil fuels. 

 Its team of financial market, energy and legal experts apply groundbreaking research using leading industry databases to map both risk and opportunity for investors on the path to a low-carbon future. It has cemented the terms “carbon bubble”, “unburnable carbon” and “stranded assets” into the financial and environmental lexicon.https://www.carbontracker.org

Luxembourg for Finance (LFF) is the Agency for the Development of the Financial Centre. It is a public-private partnership between the Luxembourg Government and the Luxembourg Financial Industry Federation (PROFIL). Founded in 2008, its objective is to develop Luxembourg’s financial services industry and identify new business opportunities.

LFF connects international investors to the range of financial services provided in Luxembourg, such as investment funds, wealth management, capital market operations or advisory services. In addition to being the first port of call for foreign journalists, LFF cooperates with the various professional associations and monitors global trends in finance, providing the necessary material on products and services available in Luxembourg. Furthermore, LFF manages multiple communication channels, organises seminars in international business locations, and takes part in selected world-class trade fairs and congresses.

White & Case is a truly global law firm, uniquely positioned to help our clients achieve their ambitions in today's G20 world.

As a pioneering international law firm, our cross-border experience and diverse team of local, US and English-qualified lawyers consistently deliver results for our clients.

In both established and emerging markets, our lawyers are integral, long-standing members of the community, giving our clients insights into the local business environment alongside our experience in multiple jurisdictions.

We work with some of the world's most respected and well-established banks and businesses, as well as start-up visionaries, governments and state-owned entities.

Founded in 1985 as Institutional Shareholder Services Inc., ISS is the world’s leading provider of corporate governance and responsible investment (RI) solutions for asset owners, asset managers, hedge funds, and asset service providers. ISS’ solutions include: objective governance research and recommendations; RI data, analytics, advisory and research; end-to-end proxy voting and distribution solutions; turnkey securities class-action claims management (provided by Securities Class Action Services, LLC); and reliable global governance data and modelling tools. Clients rely on ISS' expertise to help them make informed corporate governance and responsible investment decisions. For more information, please visit issgovernance.com.

Presented 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. Providing essential news, comment, data and analysis for the global business community, the FT has a combined paid print and digital circulation of 840,000. Mobile is an increasingly important channel for the FT, driving more than half of total traffic.

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