*David Blood, Former CEO Goldman Sachs Asset Management UK, USA
Why mainstream investment managers should embrace the principles of SRSI?
09:45 TBLI Roundtable Challenge- The Value of Reporting
Integrated reporting systems, like the Global Reporting Initiative are being used more frequently by multinationals as a management tool and to provide sustainability performance information to investors.
Is there management value in GRI reporting?
Are all the information requirements necessary, given the various sector and cultural differences? Is it a useful tool for SRI analysts and sustainability managers? Moderator: Mike Page, Rotterdam School of Management, Dean, Netherlands/South Africa David Ladipo,Lintstock Limited,Co-founder and director, UK Testing the value relevance of sustainability reporting.
*Rene Th.H. Willemsen, VBA-Association of Investment Analysts, Chairman, Netherlands *Warren Evans, World Bank, Sector Director Environmental Department, USA
11:00-30 Coffee Break
11:30-12:00 Second Keynote
Pam Flaherty, Citigroup, Senior VP for Global Community Relations, USA
Case Study: How 20 leading international banks created a new method for assessing project financing viability using environmental and social risk assessment. What are the difficulties in implementing such a system worldwide.
What was the role of stakeholder dialogue in the process?
What are the lessons for the banking sector in reevaluating its responsibility with respect to sustainable development Moderator: Paul Hohnen, Global Reporting Initiative, Strategy Director, Australia
Richard Burrett, ABN AMRO Global Head of Project Finance, the Netherlands
Suellen Lazarus, IFC (International Finance Corporation), USA
Foster Deibert, WestLB AG,BU Board Office & Group Development, Germany
*Andrew Vickerman, Rio Tinto, Head of Communication and Sustainable Development, UK Johan Frijns, Banktrack, Coordinator, Netherlands
13:15-14:30 Lunch
14:30-16:15 Workshops Open thematic salons organized around particular subjects of interest to conference attendees will run in parallel with all breakout sessions. This allows attendees to further explore topics, network, and stimulate discussion about TBLI.
Artur Runge-Metzger, European Commission, Commissioner for the Environment, Head of Climate Change & Energy Unit, Belgium
*Joerg Doppelfeld, HypoVereinsbank AG, Head of GHG investments, Germany-The EU-ETS from a bank´s point of view
*Daan Dijk, Rabobank, Head of Carbon Finance, the Netherlands
*Jeff Cantin, Eastern Research Group, Vice President, USA
Certification, Verification - How accurate is the certification and verification process?
Moderator: Julie McDowell, SRI Research Manager, Standard Life, USA
*Heather White, Verité, Founder & Executive Director, USA *John Howchin, GES Investment Services, Research Director, Sweden Tensie Whelan, Rainforest Alliance, Executvie Director, USA- Can sustainability certification help investors? Sustainability certification is being increasingly adopted by small community operations to multinational corporations. Learn about how it works and doesn't work and how it might help with financial analysis and investment decisions.
Corporate Governance
Moderator: *George Starcher, EBBF, Secretary General, France
*Erik Breen, Robeco, Head SRI and Corporate Governance, the Netherlands Steve Falci, Calvert Investments, CIO, USA
Economic Value Ecosystems - Can we create a mechanism where the economic value of ecosystems are included in the price mechanism and investment performance?
Moderator: *Angela de Wolff, Lombard Odier Darier Hentsch & Cie, Head of SRI, Switzerland
Kerry ten Kate, Insight Investment, Director, Investor Responsibility, UK-Biodiversity and ecosystem services: Why a mainstream investor cares. Diane Osgood, Independent Consultant, Director, UK- Why Investors should engage NOW with Nanotechnology Issues Phil Cottle, ForestRE, CEO, UK - Insurance facilitating forestry finance & environmental integrity. How may insurers be an agent for change in forestry management? Can insurers act as a catalyst for the monetisation of environment services from forestry?
16:15-16:45 Break
16:45-18:30 Workshops (Open Thematic Salons)
Fund Performance & Strategy- Have SRI funds performed as well as traditional funds?
Moderator: Julie McDowell, SRI Research Manager, Standard Life, USA
Paolo Sardi, E. Capital Partners SPA, Director, Ethical Research and Indexes, Italy Christoph Butz, Pictet & Cie Quantitative Analysis team., Sustainable Investment Specialist, Switzerland - Dissecting the sustainability performance of companies:which SRI factors add (financial) value and which don't? Tadashi Hayami, Asahi Life Asset Management, Senior Fund Manager, Japan - How will SRI melt into the mainstream pot in Japan ? Paul Hodges, Innovension, Chairman, UK (Winner of USS-Universities Superannuation Scheme investment competition)- Constructive engagement for sustainable investment?' The mechanism for achieving this is to appoint Board members capable of (a) testing strategies, and (b) management's ability to implement these strategies. Filip Corten, Dexia Asset Management, Asset Manager, Belgium-*Socially Responsible Investment: A sustainable performance?
Robert Hassler, Oekom Research AG, CEO, Germany - Is there a correlation of sustainability and financial performance for funds, stocks and bonds? Could sustainability performance be an indicator of an overall performance of companies, institutions or countries?
*Alexander Barkawi, SAM Indexes-Dow Jones Sustainability Group Index, Managing Director, Switzerland
Microfinance-Does Microfinance offer a low risk investment opportunity, with maximum impact for small entrepreneurs?
Moderator: Ann Miles, Women's World Banking, Financial Products Manager, USA *Roland Dominicé, BlueOrchard Finance S.A., Finance & Marketing, Switzerland Frank Grozel, Positive Investment Initiative, Director, Switzerland
Pilar Ramirez, FIE, Director, Bolivia-Does Microfinance offer a low risk investment opportunity, with maximum impact for small entrepreneurs?
Sustainable Private Equity I- Experience sharing of sustainable private equity funds . Where have they invested? What can be learned from the lemons and the plums?
Moderator- Diana Propper de Callejon, Expansion Capital Partners, General Partner, USA * Andrew Musters, Robeco Groep, Senior Investment Manager, Netherlands Gina Domanig, SAM Sustainable Asset Management., Head of Private Equity, Switzerland Sandy Selman, Asia West LLC, Managing Director, USA- Sustainable private equity ... is there such a thing? Given the pressing environmental issues around the world, why is ""cleantech""still a "fringe""area for private equity? Herrn Andres Gut, Precious Woods LTD, Director, Switzerland- Sustainable Tropical Forestry: A Good Investment Case?
*Vicky J. Sharpe, President & CEO, Sustainable Development Technology Canada, Canada
Social Return on Investment- Can we measure the effectiveness of foundations and sri products?
* Franck Amalric, CCSR-Center for Corporate Responsibility and Sustainability, Head of Research, Switzerland- The effectiveness of SRI products.
Sarita Bartlett, Norwegian School of Management, guest researcher, Norway-Measuring Environmental and Social Performance of SRI Funds. Questions: What are the advantages and disadvantages of the methods being used for non-financial measurement? Could these types measurements be used as the basis for SRI fund labelling schemes?
18:30-19:15 Reception
19:30 Gala Dinner
20:30 TBLI Award
20:40 Gala Dinner Speech - Jeffrey Leonard, Global Environment Fund, President, USA-
TBLI Redux: Toward Corporate Democracy or Lilliputian Socialism?
21:00 Open Mike Presentation
23:00 After Dinner Party (organized by SAM and Stoxx)
Workshops, November 12th, 2004
09:00-10:45 Workshops
Open thematic salons organized around particular subjects of interest to conference attendees will run in parallel with all breakout sessions. This allows attendees to further explore topics, network, and stimulate discussion about TBLI.
Peter D. Kinder, KLD Research & Analytics, Inc., President, USA Screening Leeora Black, Australian Centre for Corporate Social Resp., Managing Director, Australia - Underneath the checklists: Going deeper on management quality in socially responsible firms. What management capabilities underpin social performance? How can they be measured?
*Sustainable Private Equity II - Experience sharing of sustainable private equity funds . Where have they invested? What can be learned from the lemons and the plums?
Moderator- Diana Propper de Callejon, Expansion Capital Partners, General Partner, USA Marcel E. Brenninkmeijer, Good Energies Inc., CEO, Switzerland-Good Energies in Solar Photovoltaics. Wal van Lierop, Chrysalix Energy, CEO, Canada - Why Invest in Clean Energy? Why is Chrysalix utilizing a hydrogen-technologies approach? Rob Wylie, WHEB Ventures Ltd., Director, UK - Is sustainable private equity sustainable? Alexander Schwedeler, Triodos International Fund Management BV, Fund Manager, Netherlands - "Does Sustainable Private Equity work? Successes and Lessons Learned."
Nicholas Parker, Cleantech Venture Network LLC, Chairman, Canada
Cleantech venturing - performance, players and potential
TBLI Research I - Does TBLI generate profits and value for investors?
Moderator-*S. Prakash Sethi, ZICKLIN SCHOOL OF BUSINESS,University Distinguished Professor, President ICCA, USA
* Adam Faruk, Ashridge Centre for Business and Society, Senior Researcher, UK Will UK Pension Funds Become More Responsible? What are the drivers and barriers to the further adoption of SRI as seen by trustees, their advisers and fund managers? Ingeborg Schumacher-Hummel, UBS Asset Management, Director Socially Responsible Investments, Switzerland
The role of pension funds in SRI: driving factors for shareholder activism. Empirical analysis among Swiss pension funds.
Griet Vanhoutte, CDO Centrum voor Duurzame Ontwikkeling, Belgium An integrated approach to product assessment.
Role of Change Agent - Experience sharing session about integrating sustainability in leading banks.
Moderator: *George Starcher, EBBF, Secretary General, France
* Astrid Zwick, Allianz Centre for Technology, Head Allianz Group Sustainability Strategy Office, Germany What drivers can be applied for an integration of sustainability issues into the business areas of a financial service provider?An exemplary pilot project from the insurance business will be briefly presented and discussed describing the process of initializing the project on the integration of sustainability issues into the underwriting. The discussion will explain how sustainability issues were defined and prepared for the internal discussions, breaking them down from a strategic to an operational level for the different lines of business. It will outline limits and windows of opportunities for change agents within Allianz presenting some important details gained in the project. Eric Borremans, BNP Paribas Asset Management, Head Sustainability Research, France
Practical dilemmas in mainstreaming socially responsible investing' What are the practical dilemmas in mainstreaming SRI for asset managers? What are the key success factors?
Equator in Action-
27 banks have now adopted the Equator Principles, covering over 75% of the project finance market. For the first time there is an objective standard on which to judge project and company sustainability performance in emerging markets. But what are the Equator Principles? Are they pure PR--an expensive mechanism to protect the bank chairman's Mercedes Benz from the eggs of protesters? Are they, on the other extreme, a capitulation to the demands of NGOs-a set of standards that, if implemented, would put the banks out of business? Or are they a set of tools for banks, equity investors and corporates to manage the evolving risks of emerging markets investments? Equator in Action reviews the key lessons of experience, emerging best practice, and trends for the future: Capital punishment: Case-based review of the real risks affecting leading banks, corporates and private equity firms? Brand suicide: Looking at the next wave of reputational risks Equator 101: 10 minute guide to everything you need to know about Equator Best practice review: Emerging lessons of experience from the banks Private Equity Focus: Can private equity and SRI groups use EP as a basis for managing risk and securing investment? Industry perspective: Key steps for getting ready for the EP bank market
Session moderators and trainers: Glen Armstrong, Sustainable Finance, co-founder, UK
Leo Johnson, Sustainable Finance, co-founder, France
Frank Figge, School of the Environment, Professor, UK Beyond Shareholder Value. Can we put a monetary value on companies' economic, natural and social capital? During this workshop we will show how to assess the Sustainable Value of a company in monetary terms using a real-world example. Harrie Vredenburg, University of Calgary Haskayne School of Business, Dir Env & Sustainable Dev., Canada- Does sustainable development present companies with opportunities to innovate? What are the rewards and risks for companies going down this road? Peter Webster, EIRIS-Ethical Investment Research, CEO, UK- SEE risks for responsible financial institutions. What sort of SEE risks might we expect every responsible financial institution to be attending to? What could an "outsider" or the financial institution's stakeholders expect to see?
Eckhard Plinke, Bank Sarasin & Cie AG, Head Sustainability Research, Switzerland-"Made in China" - Which perspectives for socially responsible investors?
Climate Change - Financial Sector Initiatives IIGCC, INCR in the US, CDP, and UNEP FI Presentations on what the different climate change groups are doing and why, and what this will mean for the financial sector.
Moderator: Paul Hohnen, Global Reporting Initiative, Strategy Director, Australia
James Cameron, Climate Change Capital, Co-Founder and Chairman of the Advisory Board, Chairman, Carbon Disclosure Project; Consultant, Baker & McKenzie, UK-Climate Change and Moving Planets in the Investment Universe *Arianne van Buren, Ceres, Director of Investor Engagement, USA *Eric Borremans, BNP Paribas Asset Management, Head Sustainability Research, France
Foreign Direct Investment- Can you use tbli as a model for investment?
Moderator: *Angela de Wolff, Lombard Odier Darier Hentsch & Cie, Head of SRI, Switzerland
Rajiv Pradhan, Lotus Opportunities, Director, NEPAL-Challenges of CSR in Developing Countries Hubertus van der Vaart, SEAF (Small Enterprise Assistant Fund), CEO, USA
Geographic Focus: The French Experience with SRI. How has France become the most dynamic SRI market in Europe?
Moderator: Robert Rubinstein, Brooklyn Bridge, CEO, USA Jean-Pierre Sicard, President, NOVETHIC, France
TBC Daniel Lebègue, Former CEO, Caisse des Dépôts, France *David Guillot, Vigeo, Deputy Managing Director, France
Robin Edme, Eurosif & FIR, President , France-The French Experience with SRI. How has France become the most dynamic SRI market in Europe?
*Pierre Bollon, AFG-Association Française de la Gestion Financière, Secretary General, France
Eugene Ellmen, SIO-Social Investment Organisation, Executive Director, Canada - What is the objective of public policy work: to nurture the SRI industry as a niche or to reform the investment system in total (or both)? What are the policy successes and failures for SRI in recent years around the world?
Thomas Kuh, KLD Research & Analytics, Inc., Director of Business Development, USA
What the major pension fund initiatives to firmly anchor TBLI type screening within the pension system? If TBLI is not part of the pension mandate, are pension funds not fulfilling their fiduciary responsibility? Which is more important, corporate governance or sustainable performance? Is the integration of sustainable performance in the interest of pension funds? Is TBLI being used in the full pension mandate (public and private equity, sustainable govt. bonds, real estate, microfinance)?
Moderator: Jean-Pierre Sicard, President, NOVETHIC, France Tim Gardener, Global Head Investment Consulting, Mercer Investment Consulting, UK Genio van der Schaft, Loyalis, Managing Director, Netherlands How sustainable are returns of sustainable investments? How to enhance the sustainability component?
*Antoine de Salins, FRR-Fond Reserve de Retraite, Member of the Executive Board, France Eli Lund, Norwegian Petroleum Fund, Norwegian Ministry of Finance, Norway
* TBC USA William D Crist, Honorary Chairman of Calpers
