Sessions

2019 July 12 Friday

The Future of Sustainable Finance - Catalyzing ESG Investing in Asia (Open Event)

Salle de Musique, Philharmonie

Objectives

  • Encourage corporates to become more aware of Environmental, Social and Governance issues through discussion on sustainable investing in emerging market countries.
  • Discuss the specific challenges and opportunities in defining, promoting, executing and measuring ESG investment principles in Asia.
  • Discuss the different approaches taken by bond issuers and investors to meet the increasing demand.
  • Illustrate the role of ESG rating agencies in validating the ESG credentials of issuers and increasing awareness around ESG-related issues among investors.
  • Knowledge sharing about AIIB Asian ESG Enhanced Credit Managed Portfolio, AIIB’s bond issuance and AIIB ESG ratings.

 

Background

Sustainability investing is growing rapidly. While Europe remains firmly in the lead, other regions are gaining ground. In Asia, sustainability investing is still at an early stage. Beginning in the early 2000s, the sustainable investing market landscape has undergone significant development, driven by top-down initiatives and a growing interest in socially responsible investment among institutional and individual investors. Promoting responsible and sustainable investing will effectively broaden the investor base for Asian infrastructure and other productive sectors from banks to other institutional investors like insurance companies and pension funds.

 

As an issuer, AIIB has chosen not to issue labelled “green” or “social” bonds, but rather to take a pure play approach by incorporating the Bank’s sustainability considerations across all investment operations into its use of proceeds language. This event will provide a platform to engage with investors and the broader sustainable finance community, and to communicate AIIB’s rationale, strategy and toolkit to integrate ESG considerations into its investment decisions. It will also allow the Bank to understand the views of key partners on the pros and cons of this and other approaches being employed.

 

Luxembourg is at the forefront of promoting sustainability investment. It is the base for international asset managers and other key stakeholders in the ESG space. The capital market is the most important marketplace to connect suppliers of capital to its demands, in the most direct and transparent manner. Supporting sustainable investing principles will unleash the potential and nudge the biggest pool of capital from the insurance/pension industry towards supporting sustainable corporate and infrastructure investments. 

 

Discussion Topics

  • How do ESG considerations factor into the decisions of investors investing in Asian emerging markets?
  • What are the specific challenges and opportunities in defining, promoting, executing and measuring ESG investments in Asia?
  • What are the different approaches taken by bond issuers and investors?
  • What is the role and innovation of ESG rating agencies and stock exchanges?

 

Session Format

  • Moderated panel discussion with opening remarks followed by Q&A

 

 

Speakers

Hans-Ulrich Beck

Executive Vice President, Product Strategy & Development, Sustainalytics

 

Hans-Ulrich has over 15 years of experience in the field of environmental, social and governance (ESG) research. He joined one of the founding organizations of Sustainalytics in 2001. In 2009, he joined Sustainalytics' Executive Team as head of research. Since August 2016, Hans-Ulrich is responsible for product strategy and management.

 

Hans-Ulrich has extensive market experience and an in-depth knowledge of research and data management processes.

 

Prior to joining Sustainalytics, Hans-Ulrich worked four years at the United Nations and one year at the European Commission. He studied Economics at Saarland University (Germany) and also holds a master’s degree in Environmental and Resource Economics from University College London.


Douglas Flint

Chairman, Standard Life Aberdeen plc

 

Sir Douglas assumed the role of Chairman with effect from 1 January 2019. Douglas is also Chairman of IP Group plc, Non-Executive Director of the Centre for Policy Studies and Member of the Global Advisory Council of Motive Partners.

 

Additionally, he is Chairman of the Just Finance Foundation, the Corporate Board of Cancer Research UK and Trustee of the Royal Marsden Cancer Charity. In December 2017 he was appointed by the Chancellor as Special Envoy to China’s Belt and Road Initiative. Previously, Sir Douglas served as Group Chairman of HSBC Holdings plc from 2010 to 2017. For fifteen years prior to this he was HSBC’s Group Finance Director, joining from KPMG where he was a Partner. Between 2005 and 2011 he also served as a Non-Executive Director of BP plc.


Courtney Lowrance

Principal Environment Specialist, Strategy, Policy and Budget Department, AIIB

 

Courtney Lowrance is a Principal Environment Specialist at the Asian Infrastructure Investment Bank (AIIB), a new multilateral financial institution founded in 2015 to bring countries together to address the daunting infrastructure needs across Asia.  She is responsible for addressing the environmental dimensions of policies, programs, projects, and technical assistance provided by the AIIB. 

 

Previously, Courtney was the global head of Citi’s Environmental and Social Risk Management (ESRM) group.  In this capacity, she supported Citi's Debt Capital Markets team in Green Bond mandates and helped bring to market the first sovereign green bond in Asia (issued by Indonesia), as well as the first green bonds in Brazil (BRF) and Mexico (NAFIN).  She has over 15 years of experience in the field of sustainable finance and has engaged with central banks and finance ministries on the development of green credit policy and green bond markets in Indonesia, Thailand, Nigeria, Peru, and Colombia.


Stanislas Pottier

Chief Responsible Investment Officer, Amundi Asset Management

 

Graduated from ESCP-Europe and ENA in France, Stanislas Pottier held several positions at the French Ministry of Finance and at the World Bank. He was Special Advisor and Chief of Staff to Christine Lagarde between 2005 and 2009, and advised Michel Rocard in his official mission on the Arctic and the Antarctic between 2009 and 2011. Mr. Pottier joined Credit Agricole SA Group as Global Head of Sustainable Development in 2011 and was member of the Group Management Committee in 2017. Since June 2018, Stanislas Pottier is Chief Responsible Investment Officer of Amundi and member of the Executive Committee. He is also Board Member of several NGOs and Funds, chairing BBCA-Low Carbon Building and FXB-France NGOs.


Robert Scharfe

CEO, Luxembourg Stock Exchange (LuxSE)

 

Robert Scharfe is the CEO of the Luxembourg Stock Exchange since 2012 and he is a member of the BoD of the Federation of European Securities Exchanges as well as the Chairman of the Nomination Committee of the WFE.

 

He’s a recognized expert in Capital Markets matters and a specialist in Green finance.

 

Before joining LuxSE he spent 35 years in the Banking industry, mostly in Corporate Finance and Financial Markets. From 2000 to 2012 he was a Member of the Management Board of BGL BNP Paribas in Luxembourg, he also assumed senior responsibilities within Fortis Bank in the areas of Institutional Banking and Global Markets. He acquired extensive knowledge in International Capital Markets and gained solid experience in Asset Management and Investment Funds.


Sachin Vankalas

General Manager, LuxFLAG


Jonas von Oldenskioeld

Head AM Asia Hub, Swiss Re

 

Jonas von Oldenskiold, is responsible for running and developing Swiss Re's Asset Management division's capabilities in Asia. This includes ensuring adequate investment support for the execution of the regional growth strategy, as well as developing, implementing and monitoring investment strategies for the region.

 

Before that, Jonas assisted the Chief Investment Officer on strategy and major projects, transforming the global Asset Management division in accordance with the financial market developments and regulatory demands. Previously he has worked as equity analyst and with structural reinsurance solutions for our clients.

 

Jonas holds a M.Sc. in Quantitative Economics and Finance from University of St. Gallen in Switzerland and is a CFA® chartholder 

 


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Moderator

Tanguy Claquin

Head of Sustainable Banking, CA-CIB

 

Tanguy Claquin created and manages the Sustainable Banking team at Credit Agricole CIB. The team provides financial advisory for transactions targeting both financial objectives and positive social and environmental impacts. Credit Agricole CIB and Tanguy get number of recompenses. Tanguy was elected “Most impressive Green/SRI banker” during the last 3 years. He co-drafted the Green Bond Principles (GBP) in 2013. He is a member of the E.C. Technical Expert Group on Sustainable Finance – member of GBP Executive Committee and of the Board of the Paris Finance for Tomorrow Green Finance Initiative. He holds a Ph.D. in atmospheric physics. He started his career as a climate scientist in Germany before moving to finance 20 years ago. He graduated from Ecole Normale Supérieure in Lyon.