Overview – Wednesday – September 8

1:00pm – 1:10pm

Welcome | Day one

1:10pm – 1:25pm

Opening remarks

Gilbert van Hassel

Chief executive, Robeco

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

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.

Carsten Stendevad

Co-chief investment officer for sustainability, Bridgewater (United States)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

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?

Innes McKeand

Head of strategic equities, USS Investment Management (United Kingdom)

Barbara Zvan

Chief executive, UPP (Canada)

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

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 review 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 unintended consequences of the portfolio alignment metric, and how investors can incorporate forward-looking views into their analysis and how it affects investment decisions.

Eva Cairns

Head of climate strategy, Aberdeen (United Kingdom)

Adam Matthews

Chief responsible investment officer, Church of England Pensions Board

Dominic Tighe

Portfolio alignment team, COP26 Private Finance Hub

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

2:45pm – 3:45pm

How can investors achieve net zero – asset class case studies

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

3:05pm – 3:25pm

Case study two: 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.

Zsolt Kohalmi

Global head of real estate and co-CEO, Pictet Alternative Advisors (Geneva)

3:25pm – 3:45pm

Case study three: decarbonisation in alternatives

3:45pm – 4:15pm

Investors should invest – the role of primary investment

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.

Arun Majumdar

Professor of Mechanical Engineering and Photon Science, Stanford Energy (United States)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

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.

Stephen Kotkin

John P Birkelund Professor in History and International Affairs, Princeton University (United States)

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

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.

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 (United States)

Chair

Stephen Kotkin

John P Birkelund Professor in History and International Affairs, Princeton University (United States)

1:50pm – 2:15pm

Net zero infrastructure

This session examines the challenge and opportunities presented by de-carbonisation in infrastructure.

David Neal

Chief executive, IFM Investors (Australia)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

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.

Jie Lu

Head of investments, China, Robeco (China)

Chair

Stephen Kotkin

John P Birkelund Professor in History and International Affairs, Princeton University (United States)

2:40pm – 3:05pm

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?

Tom Joy

Chief investment officer, Church Commissioners for England

Jaap van Dam

Principal director, investment strategy, PGGM (Netherlands)

Chair

Fiona Reynolds

Chief executive, Principles for Responsible Investing (United Kingdom)

3:05pm – 3:35pm

Healthy scepticism – the challenges of sustainable investing

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

Jeb Burns

Chief investment officer, MERS of Michigan (United States)

Bill Lee

Chief investment officer, New York Presbyterian (United States)

Michael Trotsky

Chief investment officer, Mass PRIM

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

3:35pm – 4:00pm

Data, measurement, impact and change

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

Sven Gentner

Head of asset management unit, European Commission’s Directorate-General for financial stability, financial services and capital markets union (Belgium)

Janine Guillot

Chief executive, The Value Reporting Foundation (United States)

Carine Smith Ihenacho

Chief governance and compliance Officer, Norges Bank (United Kingdom)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

4:00pm – 4:25pm

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.

Michael Waldron

Head of investment team, energy supply and investment outlooks division, International Energy Agency

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

4:25pm – 4:45pm

Value creation through decarbonization

This session will examine the value creation levers for companies across multiple industries, including auto and consumer goods; and takes a deep dive into a leading edge strategy in the energy sector where CPP Investments and BCG Consulting worked together.

Vinay Shandal

Global head of sustainable finance, BCG

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

Day 1 – Wednesday – September 8

1:00pm – 1:10pm

Welcome | Day one

1:10pm – 1:25pm

Opening remarks

Gilbert van Hassel

Chief executive, Robeco

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

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.

Carsten Stendevad

Co-chief investment officer for sustainability, Bridgewater (United States)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

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?

Innes McKeand

Head of strategic equities, USS Investment Management (United Kingdom)

Barbara Zvan

Chief executive, UPP (Canada)

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

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 review 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 unintended consequences of the portfolio alignment metric, and how investors can incorporate forward-looking views into their analysis and how it affects investment decisions.

Eva Cairns

Head of climate strategy, Aberdeen (United Kingdom)

Adam Matthews

Chief responsible investment officer, Church of England Pensions Board

Dominic Tighe

Portfolio alignment team, COP26 Private Finance Hub

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

2:45pm – 3:45pm

How can investors achieve net zero – asset class case studies

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

3:05pm – 3:25pm

Case study two: 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.

Zsolt Kohalmi

Global head of real estate and co-CEO, Pictet Alternative Advisors (Geneva)

3:25pm – 3:45pm

Case study three: decarbonisation in alternatives

3:45pm – 4:15pm

Investors should invest – the role of primary investment

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.

Arun Majumdar

Professor of Mechanical Engineering and Photon Science, Stanford Energy (United States)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

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.

Stephen Kotkin

John P Birkelund Professor in History and International Affairs, Princeton University (United States)

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

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.

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 (United States)

Chair

Stephen Kotkin

John P Birkelund Professor in History and International Affairs, Princeton University (United States)

1:50pm – 2:15pm

Net zero infrastructure

This session examines the challenge and opportunities presented by de-carbonisation in infrastructure.

David Neal

Chief executive, IFM Investors (Australia)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

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.

Jie Lu

Head of investments, China, Robeco (China)

Chair

Stephen Kotkin

John P Birkelund Professor in History and International Affairs, Princeton University (United States)

2:40pm – 3:05pm

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?

Tom Joy

Chief investment officer, Church Commissioners for England

Jaap van Dam

Principal director, investment strategy, PGGM (Netherlands)

Chair

Fiona Reynolds

Chief executive, Principles for Responsible Investing (United Kingdom)

3:05pm – 3:35pm

Healthy scepticism – the challenges of sustainable investing

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

Jeb Burns

Chief investment officer, MERS of Michigan (United States)

Bill Lee

Chief investment officer, New York Presbyterian (United States)

Michael Trotsky

Chief investment officer, Mass PRIM

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

3:35pm – 4:00pm

Data, measurement, impact and change

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

Sven Gentner

Head of asset management unit, European Commission’s Directorate-General for financial stability, financial services and capital markets union (Belgium)

Janine Guillot

Chief executive, The Value Reporting Foundation (United States)

Carine Smith Ihenacho

Chief governance and compliance Officer, Norges Bank (United Kingdom)

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)

4:00pm – 4:25pm

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.

Michael Waldron

Head of investment team, energy supply and investment outlooks division, International Energy Agency

Chair

Colin Tate

Chief executive, Conexus Financial (Australia)

4:25pm – 4:45pm

Value creation through decarbonization

This session will examine the value creation levers for companies across multiple industries, including auto and consumer goods; and takes a deep dive into a leading edge strategy in the energy sector where CPP Investments and BCG Consulting worked together.

Vinay Shandal

Global head of sustainable finance, BCG

Chair

Amanda White

Director of institutional content, Conexus Financial (Australia)