BSAS is pleased to bring an outstanding group of practitioners and thought leaders together for a full-day seminar on sustainable investing.
Sustainable investing is clearly entering the mainstream. Over 1,000 asset owners and managers, responsible for $34 trillion in assets worldwide, have signed the United Nations Principles of Responsible Investment, making the commitment to incorporate sustainability criteria into their investment decisions. Over $13 trillion in assets worldwide are now managed with sustainability criteria and strategies. A 2012 survey of over 1,000 investment advisors found 38% with a strong interest in offering sustainable investments and 47% who have clients currently engaged in sustainable investing.
What does this mean for investment professionals and their clients, and why is it important now? Sustainable investing incorporates environmental, social and governance considerations into investment decisions to achieve competitive long-term financial returns and positive societal impact. It informs and integrates with existing investment practice.
Sustainable Investing creates value by reducing the risks and capturing the opportunities presented by the transition to a sustainable economy. Environmental degradation, resource scarcity, climate change, financial crises, rising levels of social inequality, aging infrastructure and institutional governance failures are large scale challenges to the global economy whose impacts and potential solutions are best understood and addressed through the lens of sustainable investing.
Sustainable investment offers investment professionals a coherent way to respond to growing investor demand for "values-based", "socially responsible" or "impact" investing. A large body of academic and market-based evidence is accumulating that sustainability factors are positively associated with market outperformance, lower fundamental risk and a lower cost of capital.
Our first set of speakers will present a thorough survey of the sustainable investment landscape and the compelling reasons for investors and managers to be participating now.
They will be followed by a series of practitioners providing a more in-depth discussion of practical implementation and issues: How sustainable investing strategies are being incorporated into investment portfolios; Investing across multiple asset classes; Responding to externalities - the fossil fuel investment/divestment controversy and Measuring and reporting returns and the role of standards
Hands-on workshops will provide experience with some of the tools available to investment professionals engaged in sustainable investing.
8:15am - 8:45am
Registration and Continental Breakfast
8:45am - 9:00am
Welcome and Introductions
9:00am - 9:45am
Sustainable Investing: From Fringes to Mainstream
Rob Lake, London-based global leader in the field of sustainable investing
9:45am - 10:30am
Why Now? Filling the Capital Gap
Erika Karp, Founder and CEO, Cornerstone Capital Inc.
10:45am - 12:00pm
12:00pm - 1:00pm
Implementation of Sustainable Strategies: A Panel of Investment Managers
Cara A. Lafond, CFA , Vice President and Asset Allocation Strategist, Wellington Management Company
Benjamin C. Lovell, President & Portfolio Manager, Zevin Asset Management
Christopher McKnett, Vice President, ESG Investing, State Street Global Advisors
2:00pm - 2:45pm
Fossil Fuel Investment or Divestment: Effecting Change through Investment Decisions
Tim Brennan, Treasurer and CFO, Unitarian Universalist Association
Cheryl Smith, Ph.D., CFA, Managing Partner, Chief Compliance Officer and Investment Manager, Trillium Asset Management
Christopher P. Davis, Director, Investor Program at Ceres (moderator)
3:00pm - 3:45pm
Asset Owner's Perspective on Sustainable Investing in Multiple Asset Classes
Eric Wetlaufer, Senior Vice President, Public Market Investments, Canada Pension Plan Investment Board
3:45pm - 4:30pm
Measuring and Reporting Returns in Sustainable Investing
Steve Lydenberg, Partner, Strategic Vision, Domini Social Investments