FT Innovative Sustainable Financing will gather bankers, policy makers, investors,
influencers and advisors to discuss the next steps in harnessing the potential of green finance.
FT Innovating Sustainable Finance
Driving Sustainable and Impact Investing into the Mainstream
Nordea Asset Management
United Nations Global Compact
FT Innovative Sustainable Financing will gather bankers, policy makers, investors,
Sustainable and impact investing are soaring into the mainstream, driven by the priorities of millennial investors, the Paris Agreement on Climate Change and the UN’s Sustainable Development Goals. At the start of 2016, global sustainable investment assets reached $22.89 trillion, a 25% increase from 2014. Europe accounts for over half of these assets (53%), as reported by the Global Sustainable Investment Alliance (GSIA).
Embracing this investment appetite creates opportunities worth trillions of dollars for European banks in coming years. Financial institutions have a critical role not only in funding the transformation of energy, transport, cities, agriculture and more, but also in supporting investors by creating opportunity and access to these markets with the design of attractive, sustainable products and structures.
FT Innovative Sustainable Financing will gather bankers, policy makers, investors, influencers and advisors to discuss the next steps in harnessing the potential of green finance. Expert speakers will explore new approaches to build sustainability into their investor portfolios and discuss how the market could advance following proposals by the EU’s High Level Expert Group on Sustainable Finance to make a green adjustment to minimum capital requirements. The agenda will also look at the evolution of green bonds and ESG indexes, examining how they are contributing to changing investor behaviour and discover the key challenges and opportunities considered by investors with asset allocation.
Lise Kingo is the CEO and Executive Director of the United Nations Global Compact, which is the world’s largest corporate sustainability initiative with more than 13,500 signatories from 170 countries that have committed to aligning strategies and operations with universal principles on human rights, labour, environment and anti-corruption, and taking actions that advance societal goals.
Prior to joining the UN Global Compact in 2015, Ms Kingo was Chief of Staff, Executive Vice President and member of the Executive Management team at Novo Nordisk A/S since 2002. She was in charge of several business areas and pioneered the first Novo Nordisk strategy on sustainability, spearheading the integration of sustainability into the heart of the business, showcasing the mutual benefits for both the company and society.
Before 2002, Ms Kingo held various positions at NovoZymes A/S and Novo A/S, including Director of Environmental Affairs and Senior Vice President of Business Support. She was responsible for a number of areas covering growth and operations such as Environmental Affairs, People Management, Communications and Branding. Furthermore Ms Kingo was the founder and primary force behind the first sustainability strategy at NovoZymes.
Ms Kingo holds a Master of Science degree in Responsibility and Business Practice from the University of Bath, United Kingdom, Bachelors of Arts in The Science of Religions and Ancient Greek Culture from the Universities of Aarhus and Odense, Denmark as well as a Bachelor of Commerce in Marketing Economics from the Copenhagen Business School. She is also certified by INSEAD’s International Directors Program in Corporate Governance.
Throughout her career, Ms Kingo has held a number of board positions such as chairman of the board of Steno Diabetes Center, and board member in Grieg Star Shipping and GN Great Nordic. Ms Kingo has received several awards such as the Edinburgh Medal and most recently the Copenhagen Business School 2018 Honorary Alumni Award.
Sir Christopher Hohn is the founder of The Children's Investment Fund (TCI), a hedge fund based in London. Through donation of the hedge fund's profits he endowed the Children's Investment Fund Foundation (CIFF), which today has over $5 bn in assets. CIFF is focused on improving the lives of children in poverty in sub-Saharan Africa and India. Key areas of focus include climate change, family planning, malnutrition, neglected tropical diseases and anti-human trafficking work. He has an MBA (high distinction) from Harvard Business School.
Annie Bersagel is the Senior Analyst for responsible investments at Folketrygdfondet, the manager of the Norwegian Government Pension Fund – Norway. Folketrygdfondet is the largest institutional investor on the Oslo Stock Exchange. As a member of the equities team, Ms Bersagel is responsible for conducting ESG analysis and for engaging in active ownership with Folketrygdfondet's portfolio companies. Previously, Bersagel served as the Acting Head of Responsible Investments at Norwegian asset manager KLP Kapitalforvaltning. She holds a juris doctorate degree from Stanford Law School, a Bachelor of Arts in economics and political science from Wake Forest University, and expects to complete the Norwegian authorized financial analyst certification in May 2018. Ms Bersagel previously competed as a professional marathon runner for Under Armour and was the U.S. champion in 2013.
Frank van Lerven
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).’
Edward Mason is Head of Responsible Investment at the Church Commissioners for England whose £8.3bn endowment supports the ministry of the Church of England. Mr Mason is responsible for the implementation of the Commissioners’ ethical and responsible investment commitments. He took up his position in 2014 having previously served for five years as Secretary of the Church of England Ethical Investment Advisory Group which advises the Commissioners and the other national investing bodies of the Church on ethical investment.
He sits on the UK Sustainable Investment and Finance (UKSIF) Policy Committee, the Institutional Investors Group on Climate Change (IIGCC) Policy Group, the advisory committee for the UN Principles for Responsible Investment hedge funds work stream and the Oxford University Socially Responsible Investment Review Committee.
Prior to working at the Church of England, Edward served for 15 years as a British diplomat, leaving in 2005 to help establish the diplomatic advisory group Independent Diplomat. He holds a degree in History from Oxford University.
Dave Chen is responsible for Equilibrium’s strategy, executive leadership, and developing our investment products and asset strategies.Before Equilibrium, Mr Chen was a General Partner at OVP Venture Partners (2000-2007); CEO and Co-Founder GeoTrust (acquired by VeriSign 2006); Founder of The Ascent Group; Vice President Marketing Mentor Graphics; McKinsey & Company; Solectron.
He served on the board of HNC Software/FICO (NASDAQ:HNCS, now NYSE:FIC); Board and Chairman of the Federal Reserve Bank of San Francisco’s Portland Branch (2006-2012); Board member of B Corp/B LAB, and The Freshwater Trust.
Mr Chen is also Adjunct Professor of Finance at the Kellogg School of Management at Northwestern University (2009-present), and was faculty at Stanford GSB (2011-13). He is Co-Owner of Patton Valley Vineyards, sustainable farmers of Oregon Pinot Noir.
Lorenzo Bernasconi joined The Rockefeller Foundation in 2013. As Senior Associate Director, he is responsible for the Foundation’s innovative finance and impact investing portfolio. His work focuses on identifying and shaping new financing solutions that unlock private sector capital to address the world’s most critical problems with a focus on the Foundation’s dual goals of building resilience and promoting inclusive economies. Prior to joining The Rockefeller Foundation, Dr Bernasconi worked at Dalberg Global Development Advisors, the Boston Consulting Group and in the investment banking division of UBS. Dr. Bernasconi holds dual Ecuadorian and Swiss citizenship. He holds a bachelor’s degree in economics at the London School of Economics, completed a PhD at Cambridge University and a post-doctoral fellowship at Columbia University’s Earth Institute. He sits on the board of Spring Bank, a Bronx-based community bank focused on the underbanked communities of New York City.
Rupesh is CEO and co-founder of Global Sustainable Capital Management, a dedicated firm investing in emerging markets sustainable agriculture. Prior to this, he spent just under a decade at Lehman Brothers and Barclays in equity research in sustainability and clean technology sector, ranking first in the Institutional Investor survey in his last year. Prior to this, he worked at PwC in the corporate finance practice. In addition, he co founded Bankers without Boundaries, to utilise former investment bankers for the benefit of the environment and social good. Rupesh graduated in economics from the London School of Economics, is a chartered accountant and Freeman of the City of London. Rupesh has been an expert reviewer in various publications with the World Economic Forum, the OECD, Prince of Wales international sustainability unit and the United Nations relating to sustainable development.
Iain Henderson is Head of International Cooperation at the UN Environment ‘Inquiry into the Design of a Sustainable Financial System’.
Internationally, this role includes supporting the G20 Sustainable Finance Study Group and nationally it involves working with countries to design strategic plans for a sustainable financial system. Prior to this he led UN Environment Finance Initiative’s work on Sustainable Land Use for several years, with a particular focus on mobilising private capital.
Mr Henderson spent over a decade in investment banking. He worked in the Fixed Income, Currency and Commodity divisions of UBS and Deutsche Bank. This included a variety of structuring, sales and risk management roles covering institutional, corporate and private banking clients. He also spent 2 years working for WWF on sustainable finance in Hong Kong.
He is an Oxford University Geography graduate and has postgraduate qualifications in Management, Economics & Politics (St. Andrews) and Agricultural Economics (SOAS). He became a Chartered Financial Analyst in 2002, was a member of the World Economic Forum's Global Agenda Council on Forests and is currently part of the World Economic Forum’s Expert Network. He has lectured on sustainable finance at a number of universities. He is an Ambassador to Rex Clement Capital, a Hong Kong based private wealth management advisory firm focused on sustainable investing. He also advises the Global Sustainability Investment Trust, which is a board-led closed end fund multi-asset investment trust that
Vince Knowles is Investment & Strategy Manager at Ceniarth, a single-family office focused on funding market-based solutions that benefit underserved communities. Through a range of investing activity, we provide capital to enable the deployment of products, services, and support that directly impact marginalized, primarily rural, populations. Previously he advised global energy corporations on sustainable technology innovation as a manager in the consulting practice of the Cleantech Group.
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.
Dr Alistair Clark is Managing Director of the Environment and Sustainability Department. His role includes ensuring that all investments are consistent with the Environmental and Social Policy and Environmental Procedures of EBRD and he is also responsible for providing strategic direction to EBRD on the implementation of the Bank’s environmental and social mandate and the incorporation of environmental and social aspects in all sector and country policies and strategies. He has been responsible for the 2003, 2008 and 2014 Environmental and Social Policies of EBRD. He is a member of EBRD’s Senior Management Group. In addition, he is a member of the UK Export Guarantee Advisory Council and Trustee of Television for the Environment, a UK registered charity specialising in environmental and social issues.
Thomas Hale writes for FT Alphaville. He previously covered capital markets, and worked as a reporter in Madrid. In 2018, he was a journalist in residence at the Stigler Center, part of the University of Chicago.Before joining the FT he lived and worked in China for two years.
Javier Espinoza is the FT's Private Capital Correspondent. Prior to his current role, he was the Daily Telegraph's Education Editor. Before joining the Telegraph in 2015, he was a multimedia Reporter for the Wall Street Journal in London. He studied journalism at City University. He is also a Political Economist having completed a second Master's degree at King's College London.
Agenda - 5th Dec
1:30pmRegistration and refreshments
2:00pmChair’s opening remarks
2:10pmKeynote: Climate change - the big concern of humanity
Climate change related investments are a key part of any impact portfolio. This session will discuss recent trends with climate related financial instruments and investment trends, and how and why Europe is taking the lead in this vital sector.
Sir Chris Hohn, Co-Founder, TCI
2:30pmKeynote: Sustainable investments, political storms and world economies
This keynote address will look at the impact of global policies and economics on sustainable financing and investment. The Trump administration and Brexit both have huge implications for the investor confidence and market priorities. How has the European sustainable financing industry responded and where are asset managers and owners in achieving the UN’s much respected Sustainable Development Goals?
Lise Kingo, CEO and Executive Director, United Nations Global Compact
2:50pmKeynote: Putting sustainability at the heart of your business model
Nils Bolmstrand, CEO, Nordea Asset Management
3:10pmPanel: Evolving towards a sustainable financing bank lending framework
- As banks move away from fossil fuel investment – what green alternatives are making the grade for lending?
- Can clean and safe technologies create a feasible green investment option for coal investment?
- Innovative technology as a lever for green finance and the opportunities for lending
- Managing the risk exposure to bank long-term lending projects in environmental and sustainable activities
- As talks surrounding refining of the standards of green financing by banks intensifies what is the future of green financing?
Moderator:Javier Espinoza, Private Capital Correspondent, Financial Times
Iain Henderson, Head of International Cooperation, UN Environment
Frank van Lerven,Economist, New Economics Foundation
4:20pmPanel: The past, present and future of sustainable investment vehicles and structures
- Recent trends and the sustainable/ impact products that are in the pipeline- will SDG bonds be a realist option in coming years?
- Transparency and standards as the central lever for making green bonds a viable, long-term instrument for financing sustainable projects
- Should the standards for green bonds be tightened or do we need a more flexible market?
- Listed vs unlisted assets in sustainable infrastructure investment
- What’s new in ESG indexing? How are ESG indexes preforming compared to non ESG indexes as we approach 2019?
Moderator: Thomas Hale, Alphaville Reporter, Financial Times
Nazia Habib, Research Director, Resilience and Sustainable Development, Cambridge University
Alistair Clark, Managing Director, Environment and Sustainability Department, EBRD
Dave Chen, Principal & Chairman, Equilibrium
Lorenzo Bernasconi, Senior Associate Director, The Rockefeller Foundation
5:00pmPanel: The investors perspective: Capitalising on opportunity and mitigating risk
- The investors view of the long-term risk of sustainable investments and integrating them into their portfolio
- Sustainable investment and stranded assets – do investors believe divestment and stranded assets are a topic for policy intervention? Is divestment effective?
- What are current investor priorities when seeking sustainable and impact opportunities? Do proprieties differ across investor type?
- Case study examples of recent investments, how investments where selected, an assessment of risk/ returns and how the impact of the investment has been recorded and reported.
- Is there a perceived or evident trade-off between seeking an impact investment and financial return?
Moderator:Javier Espinoza, Private Capital Correspondent, Financial Times
Rupesh Madlani, Co-founder, GSCM
Annie Bersagel, Senior Analyst, Folketrygdfondet
Edward Mason, Head of Responsible Investment, Investment Division, Church Commissioners for England
Vince Knowles, Investments & Strategy Manager, Ceniarth
Martin Weymann, Head Sustainability, Emerging & Political Risk Management,Swiss Re
5:40pmChair’s Closing Remarks
This half-day event will bring together senior representatives from across financial services including:
- Asset Management and Investment Firms
- Pensions Funds
- 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.
Supporting Partner (1)
The European Venture Philanthropy Association (EVPA) is a lively network of organisations sharing the same vision and a common goal: creating positive social impact through venture philanthropy and social investment (VP/SI). Its mission is to enable VP/SI organisations to maximise social impact through increased resources, collaboration and expertise. Currently, EVPA has over 250 members, mainly based in Europe, showing the sector is rapidly evolving across borders. Its membership covers a full range of venture philanthropy and social investment activities including venture philanthropy funds, social investors, grant-making foundations, impact investing funds, private equity firms, professional service firms, philanthropy advisers, banks and business schools.