RI People & Appointments, March 2: NEST, Charity Bank, Bob Litterman, SGX, CDSB

The latest ESG movers and shakers

Sally Bridgeland has been named as a trustee of the National Employment Savings Trust (NEST) Corporation, the UK workplace pension vehicle that is a signatory to both the Principles for Responsible Investment (PRI) and the Stewardship Code. Bridgeland, currently a non-executive director of Royal London Group, is a former investment consultant who was most recently Chief Executive and Trustee of the BP Pension Fund. She was appointed by the UK Government.

Charity Bank, the UK ‘social purpose bank’ for charities and social enterprises, has appointed Robin Budenberg and Kate Sayer to its board. Budenberg is the former chief executive and chairman of UK Financial Investments, the body that manages the UK taxpayers’ bank stakes. Sayer is visiting lecturer at Cass Business School.

Bob Litterman, the former Goldman Sachs head of risk who has become a leading figure in sustainability (see his presentation at RI Americas on climate change), has joined the board of equity derivatives clearing firm OCC. Litterman, now with Kepos Capital, is a member of the boards of the World Wildlife Fund, Sloan Foundation, the Asset Owners Disclosure Project and Commonfund.

Ismail El Gizouli has been named as Acting Chair of the Intergovernmental Panel on Climate Change (IPCC). It follows the resignation of Rajendra Pachauri, who stepped down amid allegations of sexual harassment. Elections for a new chair are scheduled for October. Sudan’s El Gizouli is Vice-Chair of the IPCC.

Magnus Bocker is leaving his role as CEO at the Singapore Exchange (SGX) at the end of June. Bocker is seen has having helped the exchange make good progress on ESG, for example looking at making it mandatory for all listed companies to publish sustainability reports. The board is “moving forward with its CEO succession plan and is assessing internal and external candidates”. Announcement

Philip Green has been appointed as chair of the new Independent Governance Committee (IGC) at mutual life, pensions and investment company Royal London. He is currently deputy chairman of Wesleyan Assurance Society. Phil Loney, group chief executive of Royal London, said: “The appointment of Phil Green is an important step in establishing an effective committee. Phil’s next task will be to appoint the other independent members of his committee and establish their pattern of work. ”The Climate Disclosure Standards Board (CDSB), the international consortium of business and environmental organizations, is seeking a Managing Director as maternity cover. The successful candidate will be responsible for delivering a number of key projects in 2015-16, including: CDSB’s fiduciary duty and climate change disclosure campaign; engagement and adoption of the CDSB Framework across the 28 EU Member States for compliance with the new EU Non-Financial Reporting Directive; and, global outreach to promote and secure adoption of CDSB’s revised framework. The CDSB is hosted by the CDP and the role will be based in CDP’s offices in central London. CDSB is also seeking a Technical Director. Link

Alain Lamassoure has been elected by the European Parliament as chair of the newly established Special Committee on Tax Rulings. The French MEP is a member of French centre-right UMP party. The committee will look into EU member states’ tax rulings as far back as 1991. Danish MP Bernd Lucke, Portuguese MEP Marisa Matias and French MEP Eva Joly are vice-chairs of the committee. ‘Rapporteurs’ will be appointed this month.

The Asset Owners Disclosure Project (AODP) is seeking an administrator/researcher intern to help build a database to map out the trustees of all major pension funds on the AODP Global Climate Index. “This index covers over $70bn of global funds and shows which institutional investors are actively managing climate risks across their portfolio and those who are lagging behind,” the AODP says. The successful candidate will be paid the London Living Wage of £9.15 per hour plus 30% for a total of £11.90 per hour. The full-time role is for 6-8 weeks and the closing date for applications is March 6.

Canada’s Responsible Investment Association (RIA) is offering scholarships to students, recent graduates, and young professionals who wish to attend the 2015 RIA Conference in Banff, Alberta. A total of 20 scholarships are available: 10 RIA Volunteer Scholarships and 10 RIA Conference Scholarships. Scholarships are valued at $1,250 each.

AgDevCo, a social impact investor operating in the agriculture sector in Africa, is hiring an analyst to join its London-based team. The analyst will provide support to in-country AgDevCo teams, helping identify, analyse and structure, and support prospective investments and play a supporting role in project development.