People & Appointments, May 21: San Fran pension fund hires State Street strategist to help scale ESG

The latest ESG movers and shakers

San Francisco Employee Retirement System has named Andrew Collins as its Director of ESG and Responsible Investing. Collins comes from State Street, where he was an ESG Strategist for just under a year. Before that, he was a Technical Director of Standards Setting at the Sustainability Accounting Standards Board (SASB) for nearly five years, leading the development of the organisation’s metrics and standards for ESG disclosure by listed firms. Collins said SFERS was taking “the next steps in formalising its responsible investing efforts”, adding that he planned to collaborate with peers in the space as part of his new role. SFERS manages some $24bn and last month committed $500m to Generation Investment Management’s Global Equity Strategy fund.
Social Finance India, the new impact investing non-profit launched by the Social Finance Global Network and the Global Steering Group (GSG), has named its first three Directors and its advisory council. Rajiv Lall, MD and CEO of IDFC Bank, Ashish Dhawan, Founder of the Central Square Foundation and Vikram Gandhi, Founder of ASHA Impact and a Senior Lecturer at the Harvard Business School are all Directors at the organisation, which plans to launch two $1bn impact funds for SDG-aligned projects in India. GSG’s Chairman Sir Ronald Cohen will be on the Advisory Council alongside David Hutchison, CEO of Social Finance UK; Tracy Palandjian, CEO of Social Finance USA; Yaron Neudorfer, CEO of Social Finance Israel; Vivek Pandit, Senior Partner at McKinsey & Company; and Nishith Desai, Founder and Managing Partner of Nishith Desai Associates.
The Global Impact Investing Network has appointed Leticia Emme as its Senior Manager for impact reporting and impact reports and measurement. Emme will oversee the organisation’s ‘Iris’ work, which it describes as “the catalogue of generally-accepted performance metrics used by a majority of impact investors”, as well as impact measurement and management. She was formerly at the Social Performance Task Force, where she led the Social Investors Working Group.
James Hulse and Mike Tyrell are among five members of a new Sustainable Investment Market Intelligent network. The network comprises independent consultants “who believe that they have spotted a gap in the market and plan to focus on the economics and dynamics of how the money flows in the SRI & corporate governance research and investment value chains”, according to a statement.Tyrell, who heads up SRI-Connect, said the group sought to provide information and analysis about supply and demand in the space, to help reduce volatility and periods of under- and over-investment. He will be joined by James Hulse, formerly of CDP and now running Hindsight Consultancy; Cecile Biccari from Contrast Capital; Sarah Cleveland, from Sarah Cleveland Consulting; and Steve Kelly, from Steve Kelly Research.
Sovereign bond rating specialist Élie Hériard Dubreuil, Senior Director at S&P Global, has been named Head of Ratings at Beyond Ratings, the French sustainability-ratings house. He will now be responsible for the roll-out of the firm’s enhanced ratings capabilities, which it claims incorporates “long-term sustainability factors” in the financial rating of sovereigns, supranational entities and sub-sovereigns. Dubreuil will also join Beyond Ratings’ Co-founders, Rodolphe Bocquet and Sylvain Château on the Executive Committee.
Michael Dwyer, CEO at Australian superannuation fund, First State Super has announced that he will retire at the end of his current contract on the 30 November 2018. During his tenure, which began in 2004, the fund has grown from A$9bn (€5.7bn) to A$90bn (€57bn). The search for Dwyer’s replacement has begun.
Alice Garton, Senior Corporate Lawyer at Client Earth, has been named Head of Climate at the environmental law firm. Garton, who has been at ClientEarth for 3 years, will now lead the firm’s newly created Climate Programme, which aims to help drive the shift to net zero emissions by holding companies, governments, and the finance sector to account.
Members of an independent review – led by Sir John Kingman, Chair of FTSE-100 insurer, Legal & General – into embattled UK financial watchdog, the Financial Reporting Council (FRC) have been named. They include Mark Burgess, Deputy Global Chief Investment Officer at Columbia Threadneedle; Simon Fraser, Chair of F&C Investment Trust and the Investor Forum; And, Anne Richards, CEO at M&G Investments. The UK Government backed review – launched in April 2018 – aims to make the FRC the “best in class”.