Overview – Wednesday – September 8

1:00pm – 1:10pm

Welcome | Day one

1:10pm – 1:25pm

Opening remarks

SPEAKERS
Victor Verberk, CIO fixed income and sustainability, Robeco
Chair: Amanda White, director of institutional content, Conexus Financial

1:25pm – 1:50pm

Impact investing at a total portfolio level

This conversation will explore how global institutional investors are approaching the challenge of balancing financial and impact goals. As co-CIO for sustainability at Bridgewater, former CEO of ATP and current board advisor to GIC and Novo Holdings, Carsten Stendevad brings a broad range of perspectives from both the asset owner and alternative asset manager perspective. He will share insights garnered from his experience building sustainability assessment capabilities to identify current and future sustainability leaders, and engineering strategic and tactical portfolios designed to deliver strong financial and impact results.

SPEAKERS
Carsten Stendevad, co-chief investment officer for sustainability, Bridgewater
Chair: Amanda White, director of institutional content, Conexus Financial

INVESTOR RESPONSE
Jaap van Dam, director of strategy, PGGM

1:50pm – 2:15pm

Scenario analysis and investment strategy – the risks of climate

Scenario analysis shows that the ability of pension funds to pay their pensions will be severely impacted by climate. Under different scenarios interest rates, GDP and bonds will all be negatively impacted with inflationary pressure rising. How can investors innovate and adjust their portfolio construction to protect their funded position from this inevitable threat?

SPEAKERS
Innes McKeand, head of strategic equities, USS Investment Management
Barbara Zvan, chief executive, UPP
Chair: Colin Tate AM, chief executive, Conexus Financial

INVESTOR RESPONSE
Anne-Maree O'Connor, head of responsible investment, New Zealand Super

2:15pm – 2:45pm

Portfolio alignment: How it influences decision making

Portfolio alignment is a hot topic and key area of focus for the TCFD and COP26 private finance team. But what is it really telling us and how will it influence investment decisions? This session will look at the potential unintended consequences of the portfolio alignment metric, and how investors can incorporate forward-looking views into their analysis and how it affects investment decisions.

SPEAKERS
Eva Cairns, head of climate change strategy, Aberdeen Standard Investments
Dominic Tighe, policy advisor, COP26 Private Finance Hub
Adam Matthews, co-chair, Transition Pathway Initiative; director of ethics and engagement, Church of England Pensions Board
Chair: Amanda White, director of institutional content, Conexus Financial

2:45pm – 3:05pm

Case study: The role of natural capital in decarbonising portfolios

Nature is increasingly being viewed as a real economic asset - “natural capital”. Identifying the natural capital assets that can be used most effectively to offset carbon, such as land and forestry, can provide a real advantage in the path to decarbonising investment portfolios. This session examines the portfolio implications of transitioning to net zero with a specific focus on what benefit an allocation to natural capital can bring.

SPEAKER
Sarah Bratton Hughes, head of sustainability, North America, Schroders

INVESTOR RESPONSE
Bess Joffe, head of responsible investment, Church Commissioners for England

3:05pm – 3:25pm

Case study: The challenge of sustainability in real estate

Buildings account for nearly 40 per cent of energy-related carbon dioxide emissions, according to UNEP’s 2020 Global Status Report. The ecological footprint becomes even bigger when you consider how much water and raw materials are used. The long-term impact investors can have on improving buildings’ ecological footprint can be huge. This session examines investors’ role and outlines the importance of a common measurement framework.

SPEAKER
Zsolt Kohalmi, global head of real estate and co-CEO Pictet Alternative Advisors

INVESTOR RESPONSE
Karen Lockridge, director, ESG investing, Canada Post Corporation Pension Plan

3:25pm – 3:45pm

Case study: decarbonisation in alternatives

This case study will examine the approach by one of the world’s leading asset owners to incorporate sustainability, AP4. By implementing measures adapted to the asset class and style of investments, AP4’s team in alternative investments works to both reduce risks and capture opportunities related to the sustainability transformation.

SPEAKER
Jenny Askfelt Ruud, head of alternatives, AP4

3:45pm – 4:15pm

Investors should invest: A framework for investing in clean energy and sustainability

Despite its name the investment industry doesn’t do much investment; it mainly shuffles ownership rights, even in private equity. The climate challenge requires new investment on a staggering scale: new generating capacity, the electrification of everything, emissions-free fuel, carbon capture and sequestration, new supply chains and infrastructure, plus the building of negative emissions technologies. This session looks at the opportunities for new investment, the risk/return trade-off and how investors should approach the opportunities.

SPEAKERS
Dr Arun Majumdar, Professor of Mechanical Engineering, Stanford University; Founding Director, ARPA-E & Former Acting Undersecretary for Energy, US Department of Energy
Chair: Amanda White, director of institutional content, Conexus Financial

INVESTOR RESPONSE 
Sonya Sawtell-Rickson, chief investment officer, HESTA 

4:15pm

Conference close | Day one

Day 2 – Thursday – September 9

1:00pm – 1:10pm

Welcome | Day two

1:10pm – 1:25pm

The current path of sustainability is not sustainable

Will there be a sustainable politics of sustainability? Professor Stephen Kotkin examines the politics of sustainability and the importance of transparency, measurement and compliance so that greenwashing does not prevail.

SPEAKERS
Stephen Kotkin, Professor in History and International Affairs, Princeton University
Chair: Colin Tate, chief executive, Conexus Financial

1:25pm – 1:50pm

Net zero America

With a massive, nationwide effort the United States could reach net zero emissions of greenhouse gases by 2050 using existing technology and at costs aligned with historical spending on energy. Research from the High Meadows Environmental Institute plots a Blueprint for the next decade showing the key is overcoming execution challenges including the infrastructure deployment and the mobilisation of capital and labour. This session examines the implications for investors.

SPEAKERS
Chris Greig, Theodora D. ’78 & William H. Walton III ’74 senior research scientist in the Andlinger Center for Energy and the Environment at Princeton University
Chair: Stephen Kotkin, Professor in History and International Affairs, Princeton University

INVESTOR RESPONSE
Alexandra West, chief strategy officer - investments, Cbus

1:50pm – 2:15pm

Net zero infrastructure: a practical roadmap

The challenge for infrastructure asset managers to achieve Net Zero by 2050 is immense. It requires detailed strategic planning, clear interim targets, critical investment, transparent insight and regular reporting, as well as strong leadership and clear governance frameworks. And all of this needs to be done inside a fiduciary responsibility to seek superior long-term net returns for investors and their beneficiaries.

SPEAKERS
David Neal, chief executive, IFM
Michael Eisenberg, head of ESG integration, New York State Common Retirement Fund
Chair: Amanda White, director of institutional content, Conexus Financial

2:15pm – 2:40pm

China’s pledge to achieve carbon neutrality by 2060

Achieving carbon neutrality by 2060 will require radical changes. Formidable challenges lie ahead, but also investment opportunities with renewables, electric vehicles and energy storage set to benefit.

SPEAKERS
Jie Lu, head of investments China, Robeco
Chair: Stephen Kotkin, Professor in History and International Affairs, Princeton University

INVESTOR RESPONSE
Jen Bishop, head of asset allocation, Coal Pension Trustees

2:40pm – 3:15pm

Achieving net zero – the implementation challenge

What does it really mean to achieve a net zero strategy? As more and more investors make pledges for net zero they are tasked with setting a strategy to achieve net-zero. This session looks at the challenges of implementing those goals in portfolios – what behaviour changes are needed and how do investors allocate?

SPEAKERS
Diane Griffioen, chief investment officer, ABP
Geraldine Jimenez, director of investment strategy & risk, CalSTRS
Tom Joy, chief investment officer, Church Commissioners for England
Chair: Fiona Reynolds, chief executive, PRI

3:15pm – 3:40pm

Healthy scepticism – the challenges of sustainable investing

This session examines the challenges investors face including ideology, working with boards, culture and scalable investments.

SPEAKERS
Bill Lee, chief investment officer, New York Presbyterian
Michael G. Trotsky, CFA, executive director & chief investment officer, MassPRIM
Chair: Colin Tate AM, chief executive, Conexus Financial

3:40pm – 4:15pm

Data, measurement, impact and change

This session will examine the regulatory views around the world and the need for global standards for global investors.

SPEAKERS
Sven Gentner, head of asset management unit, European Commission’s Directorate-General for financial stability, financial services and capital markets union
Janine Guillot, chief executive, The Value Reporting Foundation
Carine Smith Ihenacho, chief governance and compliance officer, Norges Bank
Chair: Amanda White, director of institutional content, Conexus Financial

4:15pm – 4:35pm

The energy transition: Why renewables outperform fossil fuels

A joint report by the International Energy Agency and the Centre for Climate Finance & Investment at Imperial College examines the risk and return proposition in energy transitions. It looks at publicly traded renewable power and fossil fuel companies in advanced and developing economies calculating the total return and annualized volatility of these portfolios over 5 and 10-year periods. Across all portfolios, renewable power generated higher total returns relative to fossil fuel. Annualized volatility for the renewable power was lower than fossil fuel in the global and advanced economies portfolios, but higher in the China and emerging market and developing economies portfolios.

SPEAKERS
Michael Waldron, head of investment team, International Energy Agency
Chair: Colin Tate AM, chief executive, Conexus Financial

4:35pm – 5:00pm

Value creation through decarbonization

Decarbonization and value creation can go hand in hand.  The Boston Consulting Group - the consultancy partner of COP26 - has worked across multiple industries and investors to transform high emitting businesses while creating meaningful value in the process.  In this session, BCG will share real world examples based on their experience, including with leading asset owners.

SPEAKERS
Thomas Baker, leader energy practice, BCG
Vinay Shandal, global leader, sustainable finance, BCG
Chair: Amanda White, director of institutional content, Conexus Financial

Day 1 – Wednesday – September 8

1:00pm – 1:10pm

Welcome | Day one

1:10pm – 1:25pm

Opening remarks

SPEAKERS
Victor Verberk, CIO fixed income and sustainability, Robeco
Chair: Amanda White, director of institutional content, Conexus Financial

1:25pm – 1:50pm

Impact investing at a total portfolio level

This conversation will explore how global institutional investors are approaching the challenge of balancing financial and impact goals. As co-CIO for sustainability at Bridgewater, former CEO of ATP and current board advisor to GIC and Novo Holdings, Carsten Stendevad brings a broad range of perspectives from both the asset owner and alternative asset manager perspective. He will share insights garnered from his experience building sustainability assessment capabilities to identify current and future sustainability leaders, and engineering strategic and tactical portfolios designed to deliver strong financial and impact results.

SPEAKERS
Carsten Stendevad, co-chief investment officer for sustainability, Bridgewater
Chair: Amanda White, director of institutional content, Conexus Financial

INVESTOR RESPONSE
Jaap van Dam, director of strategy, PGGM

1:50pm – 2:15pm

Scenario analysis and investment strategy – the risks of climate

Scenario analysis shows that the ability of pension funds to pay their pensions will be severely impacted by climate. Under different scenarios interest rates, GDP and bonds will all be negatively impacted with inflationary pressure rising. How can investors innovate and adjust their portfolio construction to protect their funded position from this inevitable threat?

SPEAKERS
Innes McKeand, head of strategic equities, USS Investment Management
Barbara Zvan, chief executive, UPP
Chair: Colin Tate AM, chief executive, Conexus Financial

INVESTOR RESPONSE
Anne-Maree O'Connor, head of responsible investment, New Zealand Super

2:15pm – 2:45pm

Portfolio alignment: How it influences decision making

Portfolio alignment is a hot topic and key area of focus for the TCFD and COP26 private finance team. But what is it really telling us and how will it influence investment decisions? This session will look at the potential unintended consequences of the portfolio alignment metric, and how investors can incorporate forward-looking views into their analysis and how it affects investment decisions.

SPEAKERS
Eva Cairns, head of climate change strategy, Aberdeen Standard Investments
Dominic Tighe, policy advisor, COP26 Private Finance Hub
Adam Matthews, co-chair, Transition Pathway Initiative; director of ethics and engagement, Church of England Pensions Board
Chair: Amanda White, director of institutional content, Conexus Financial

2:45pm – 3:05pm

Case study: The role of natural capital in decarbonising portfolios

Nature is increasingly being viewed as a real economic asset - “natural capital”. Identifying the natural capital assets that can be used most effectively to offset carbon, such as land and forestry, can provide a real advantage in the path to decarbonising investment portfolios. This session examines the portfolio implications of transitioning to net zero with a specific focus on what benefit an allocation to natural capital can bring.

SPEAKER
Sarah Bratton Hughes, head of sustainability, North America, Schroders

INVESTOR RESPONSE
Bess Joffe, head of responsible investment, Church Commissioners for England

3:05pm – 3:25pm

Case study: The challenge of sustainability in real estate

Buildings account for nearly 40 per cent of energy-related carbon dioxide emissions, according to UNEP’s 2020 Global Status Report. The ecological footprint becomes even bigger when you consider how much water and raw materials are used. The long-term impact investors can have on improving buildings’ ecological footprint can be huge. This session examines investors’ role and outlines the importance of a common measurement framework.

SPEAKER
Zsolt Kohalmi, global head of real estate and co-CEO Pictet Alternative Advisors

INVESTOR RESPONSE
Karen Lockridge, director, ESG investing, Canada Post Corporation Pension Plan

3:25pm – 3:45pm

Case study: decarbonisation in alternatives

This case study will examine the approach by one of the world’s leading asset owners to incorporate sustainability, AP4. By implementing measures adapted to the asset class and style of investments, AP4’s team in alternative investments works to both reduce risks and capture opportunities related to the sustainability transformation.

SPEAKER
Jenny Askfelt Ruud, head of alternatives, AP4

3:45pm – 4:15pm

Investors should invest: A framework for investing in clean energy and sustainability

Despite its name the investment industry doesn’t do much investment; it mainly shuffles ownership rights, even in private equity. The climate challenge requires new investment on a staggering scale: new generating capacity, the electrification of everything, emissions-free fuel, carbon capture and sequestration, new supply chains and infrastructure, plus the building of negative emissions technologies. This session looks at the opportunities for new investment, the risk/return trade-off and how investors should approach the opportunities.

SPEAKERS
Dr Arun Majumdar, Professor of Mechanical Engineering, Stanford University; Founding Director, ARPA-E & Former Acting Undersecretary for Energy, US Department of Energy
Chair: Amanda White, director of institutional content, Conexus Financial

INVESTOR RESPONSE 
Sonya Sawtell-Rickson, chief investment officer, HESTA 

4:15pm

Conference close | Day one

Day 2 – Thursday – September 9

1:00pm – 1:10pm

Welcome | Day two

1:10pm – 1:25pm

The current path of sustainability is not sustainable

Will there be a sustainable politics of sustainability? Professor Stephen Kotkin examines the politics of sustainability and the importance of transparency, measurement and compliance so that greenwashing does not prevail.

SPEAKERS
Stephen Kotkin, Professor in History and International Affairs, Princeton University
Chair: Colin Tate, chief executive, Conexus Financial

1:25pm – 1:50pm

Net zero America

With a massive, nationwide effort the United States could reach net zero emissions of greenhouse gases by 2050 using existing technology and at costs aligned with historical spending on energy. Research from the High Meadows Environmental Institute plots a Blueprint for the next decade showing the key is overcoming execution challenges including the infrastructure deployment and the mobilisation of capital and labour. This session examines the implications for investors.

SPEAKERS
Chris Greig, Theodora D. ’78 & William H. Walton III ’74 senior research scientist in the Andlinger Center for Energy and the Environment at Princeton University
Chair: Stephen Kotkin, Professor in History and International Affairs, Princeton University

INVESTOR RESPONSE
Alexandra West, chief strategy officer - investments, Cbus

1:50pm – 2:15pm

Net zero infrastructure: a practical roadmap

The challenge for infrastructure asset managers to achieve Net Zero by 2050 is immense. It requires detailed strategic planning, clear interim targets, critical investment, transparent insight and regular reporting, as well as strong leadership and clear governance frameworks. And all of this needs to be done inside a fiduciary responsibility to seek superior long-term net returns for investors and their beneficiaries.

SPEAKERS
David Neal, chief executive, IFM
Michael Eisenberg, head of ESG integration, New York State Common Retirement Fund
Chair: Amanda White, director of institutional content, Conexus Financial

2:15pm – 2:40pm

China’s pledge to achieve carbon neutrality by 2060

Achieving carbon neutrality by 2060 will require radical changes. Formidable challenges lie ahead, but also investment opportunities with renewables, electric vehicles and energy storage set to benefit.

SPEAKERS
Jie Lu, head of investments China, Robeco
Chair: Stephen Kotkin, Professor in History and International Affairs, Princeton University

INVESTOR RESPONSE
Jen Bishop, head of asset allocation, Coal Pension Trustees

2:40pm – 3:15pm

Achieving net zero – the implementation challenge

What does it really mean to achieve a net zero strategy? As more and more investors make pledges for net zero they are tasked with setting a strategy to achieve net-zero. This session looks at the challenges of implementing those goals in portfolios – what behaviour changes are needed and how do investors allocate?

SPEAKERS
Diane Griffioen, chief investment officer, ABP
Geraldine Jimenez, director of investment strategy & risk, CalSTRS
Tom Joy, chief investment officer, Church Commissioners for England
Chair: Fiona Reynolds, chief executive, PRI

3:15pm – 3:40pm

Healthy scepticism – the challenges of sustainable investing

This session examines the challenges investors face including ideology, working with boards, culture and scalable investments.

SPEAKERS
Bill Lee, chief investment officer, New York Presbyterian
Michael G. Trotsky, CFA, executive director & chief investment officer, MassPRIM
Chair: Colin Tate AM, chief executive, Conexus Financial

3:40pm – 4:15pm

Data, measurement, impact and change

This session will examine the regulatory views around the world and the need for global standards for global investors.

SPEAKERS
Sven Gentner, head of asset management unit, European Commission’s Directorate-General for financial stability, financial services and capital markets union
Janine Guillot, chief executive, The Value Reporting Foundation
Carine Smith Ihenacho, chief governance and compliance officer, Norges Bank
Chair: Amanda White, director of institutional content, Conexus Financial

4:15pm – 4:35pm

The energy transition: Why renewables outperform fossil fuels

A joint report by the International Energy Agency and the Centre for Climate Finance & Investment at Imperial College examines the risk and return proposition in energy transitions. It looks at publicly traded renewable power and fossil fuel companies in advanced and developing economies calculating the total return and annualized volatility of these portfolios over 5 and 10-year periods. Across all portfolios, renewable power generated higher total returns relative to fossil fuel. Annualized volatility for the renewable power was lower than fossil fuel in the global and advanced economies portfolios, but higher in the China and emerging market and developing economies portfolios.

SPEAKERS
Michael Waldron, head of investment team, International Energy Agency
Chair: Colin Tate AM, chief executive, Conexus Financial

4:35pm – 5:00pm

Value creation through decarbonization

Decarbonization and value creation can go hand in hand.  The Boston Consulting Group - the consultancy partner of COP26 - has worked across multiple industries and investors to transform high emitting businesses while creating meaningful value in the process.  In this session, BCG will share real world examples based on their experience, including with leading asset owners.

SPEAKERS
Thomas Baker, leader energy practice, BCG
Vinay Shandal, global leader, sustainable finance, BCG
Chair: Amanda White, director of institutional content, Conexus Financial