Summer in the City
3rd Annual CSR Investing Summit
The Summer in the City 3rd Annual CSR Investing Summit is an all-day conference offering the opportunity to discuss experiences and viewpoints on how to define, manage, and measure responsible investing. The conference includes expert practitioners in the following groups: plan sponsors, endowments, consultants, academics, non-governmental organizations, the sell side, and media. Attire is informal and networking is encouraged.
8:00 – 8:30 Registration and Breakfast
8:30 – 8:40 Opening Remarks
8:40 – 9:25 Diverging Views: Board members and Investors on the Value of ESG
This panel will discuss the potential impact of ESG initiatives on shareholder value and reveal possible opportunities for share price appreciation and sustainable dividends. The panel will present you with provocative new knowledge and industry opinions on the future of Board and C-Suite obligations and how they dovetail with investor objectives.
- Moderator: Sonal Mahida, US Network Manager, United National Global Compact at Principles for Responsible Investment
- Linda Giuliano, Chief Administrative Officer-Equities, Head of Responsible Investment, AB
- Maureen Kline, Director of Public Affairs & Sustainability, Pirelli
- Fassil Michael, Executive Director, ISS
9:30 – 10:15 Identifying Performance Attribution in ESG Data
The question of how Environmental, Social, and Governance practices relates to financial performance has been continuously debated. ESG ratings provide an additional lens for evaluating investment decisions. Identifying how the three pillars of E, S, and G individually impact performance can provide an added dimension in seeking alpha. This panel will discuss how ESG ratings may be attributed to portfolio performance and how each of the three ESG pillars may be drivers that unlock shareholder value and allow better investment decisions.
- Moderator: Thomas Schneeweis, Professor Emeritus of Finance, University of Massachusetts-Amherst
- Indrani De, Senior Director of Quantitative Research, New Amsterdam Partners
- Bruce Kahn, Portfolio Manager, Sustainable Insight Capital Management
- Sarah Smith, Associate Director of Institutional Relations, Sustainalytics
10:15 – 10:30 Morning Networking Break
10:30 – 11:15 Dissecting ESG Ratings: Understanding Ratings Construction
This panel will reveal the key performance indicators and methodologies that underpin an ESG ratings scheme and provide you with a more in-depth understanding of the building blocks of today’s ESG ratings and how you can leverage them in investment modeling.
- Moderator: Herbert Blank, Head of Business Development, S-Network Global Indexes
- Hendrik Bartel, CEO, TruValue Labs
- Paul Herman, HIP Investor
- John Streur, CEO, Calvert Investments
- Mark Tulay, Sustainability Risk Advisors
11:15 – 11:45 Special Presentation - New Research
Credit Default Swap (CDS) spreads have long been considered a key measure of bond risk and potential returns. This new report illustrates predictive relationships between ESG ratings and CDS spreads. In the 10-year study, the presenters demonstrate the robust positive correlations between a corporation’s ESG rating and the widening and narrowing of CDS spreads using six distinct simulations with varying controls.
- Kim Nguyen-Taylor, Director, Credit Analysis, Calvert Investments
- Catherine Palmer Roy, Senior Vice President & Chief Investment Officer-Fixed Income, Calvert Investments
11:45 – 12:30 The Challenges of Implementing ESG in Endowments, Pension, and Union Trusts
The decisions by the largest endowments, pension funds, and union trust funds to buy and sell a company’s stock can impact the prices of those securities. Notably, these funds are some of the largest users of ESG criteria in their investment decision process. TYou will learn why they use ESG factors and how they use them in their decision-making process and leave the session with best practices.
- Moderator: Kristen Sullivan, Partner, Deloitte & Touche LLP
- Andre Bertolotti, CIO & Director of Investment Strategy, Quotient Investors
- Millicent Budhai-Robinson, Director of Corporate Governance, NYC Comptroller
- Garvin Jabush, Co-Founder and CIO, Green Alpha Advisors
12:30 – 1:40 Luncheon and Keynote Speaker
- Keynote Speaker: Kevin Parker, CEO & Founder, Sustainable Insight Capital Management, Former Global Head of Deutsche Bank Asset Management
1:45 – 2:30 Does Diversity Create Value?
Diversity can empower corporate leadership and be valuable to the corporate decision-making processes. This panel will explore both empirical and anecdotal evidence that provides tangible examples of how gender and ethnic diversity protects company value and enhances corporate performance.
- Moderator: Patsy Doerr, Global Head of Corporate Responsibility and Inclusion, Thomson Reuters
- Jocelyn Cunningham, Market Offering Portfolio Leader, Deloitte Consulting
- Patricia David, Global Head of Diversity, JPMorgan Chase
- James White, Global Diversity & Inclusion, Credit Suisse
2:30 – 3:30 Uncovering Portfolio Risk with ESG Metrics
This panel will look at how ESG metrics can help in portfolio risk management and reducing volatility whether through screening or best-in-class application of ESG analysis. The panelists will discuss how these metrics relate to client risk tolerances and investment goals.
- Moderator: Michael Davis, Calvert Investments
- John Cusack, Senior Representative North America, RepRisk AG
- Olga Emelianova, Vice President, ESG Research, MSCI
- Gustavo Pimentel, Managing Director, SITAWI
3:30 – 3:45 Afternoon Networking Break
3:45 – 4:30 Finding Materiality in Corporate Sustainability Measurements
Recent research from the Harvard Business School suggests that companies that “perform” well in material corporate sustainability have good stock performance. The adoption of integrated reporting norms may initiate new discussions on materiality, which will be important to investors. This panel will provide guiding thoughts for investors and shareholders to use in their portfolio decisions.
- Moderator: Bryan Esterly, Research Associate, Sustainability Accounting Standards Board
- Libby Bernick, TruCost
- David Hackett, Baker & McKenzie
- Linda M. Lowson, CEO & Chief Counsel, CSR Insight LLC
- Michael Muyot, President, CRD Analytics
4:30 – 5:25 The Fossil Fuel Divestiture Debate: Point <> Counterpoint
This panel, a “Point-Counterpoint” debate, will have our panelists discuss the economic implications of divestiture while leaving the science aside. This panel will seek to answer the question: What is the likely net effect on investment portfolios and what is the endgame? It will present investors with new contexts for making investment decisions in their portfolios and question the specter concept of value-decimation.
- Moderator: Chris Fowle, Vice President Investor Initiatives, CDP
- Toby Heaps, CEO, Corporate Knights
- Brian Rice, Portfolio Manager, CalSTRS
- Tim Smith, Walden Asset Management
- Ariane van Buren, Threshold Foundation Endowment Committee and Episcopal Church Pension Fund
5:25 – 5:30 Closing Remarks
5:30 – 6:30 Networking Reception