Ton Heerts, President of the Dutch trade union confederation FNV, has been appointed Chair of the Committee on Workers’ Capital (CWC), the labour movement’s forum for engagement with pension funds on responsible investment practices. Heerts will lead the CWC for the next three years, together with Vice-Chairs Liz Shuler, Secretary-Treasurer, AFL–CIO, and Paddy Crumlin, President, International Transport Workers Federation (ITF) and with Sharan Burrow, General Secretary of the International Trade Union Confederation (ITUC). The CWC says that about $25trn of capital invested in the global economy is financing workers’ retirement benefits. It works with union member-nominated pension trustees to influence how companies respect human and labour rights and integrate environmental, social and governance concerns while remaining financially sustainable.
Ron Barin, Vice President and Chief Investment Officer, Pension Plan Investments at metals company Alcoa, has joined the 300 Club, the independent group made up of leading investment professionals founded by Saker Nusseibeh of Hermes Investment Management. Barin is responsible for the investment strategy for the firm’s U.S. retirement benefits plans as well as the Alcoa Foundation, overseeing total assets of $13bn. He was previously at drugs firm Pfizer where he was Senior Director, Pension Investments.
Paul Boomkamp has been appointed as the chief financial and risk officer at PGGM Investments, the €178bn Dutch pension asset management giant. He will take over from Paul Loven, who is leaving to start his own advisory firm. Boomkamp, currently a member of the executive board of the Catharina Hospital in Eindhoven, is a former McKinsey management consultant who has had roles at AXA and Aegon. Announcement
The Sustainability Accounting Standards Board (SASB) has named Elizabeth Singleton as its new Director of Advisory Groups, managing engagement with key stakeholders. Prior to joining SASB she ran her own start up, worked as a Strategy Officer at the Gordon & Betty Moore Foundation, and held a variety of roles at Dow Chemical Co. She is a member of the Alumni Advisory Board to the Center for Responsible Business at the Haas School of Business. Katie Schmitz Eulitt has left her role as Director, Stakeholder Engagement at SASB, which she held since 2012. She is now Special Advisor at consultants Skytop Strategies.
Roland Berger, the German entrepreneur and philanthropist who founded Roland Berger Strategy Consultants, is the new chairman of the board of Trustees of the DESERTEC Foundation, the civil society initiative for a sustainable future. Berger is also Chairman Germany on the International Advisory Board of Blackstone Group and serves as a member of the Advisory Council of FIAT Group and INSEAD.Eric Dugelay, Deloitte’s Global Sustainability Services Leader, has become a member of the board at the Global Reporting Initiative (GRI), the corporate sustainability reporting standards developer. Based in Paris, Dugelay has been a Partner at Deloitte since 2001, and its global sustainability services lead since 2014.
Adam Steiner, the former CEO at corporate engagement specialist fund firm GVO Investment Management (GVOIM), has started an executive coaching business. Ptolemy Executive Coaching offers executive coaching services to directors, investors and business owners and a proportion of its profits go to I CAN, the children’s communication charity.
The Swedish government has named five new members of the AP funds’ boards. They are: Professor Kent Eriksson; Asa-Pia Järliden Bergström; Asa Kullgren (all at AP1); and Kristina Mårtensson (AP2) and Urban Lindskog (AP6).
Nigel Harris has been named as the new chief executive of Tearfund, the Christian relief and development agency. Harris, currently head of Farm Africa, will take over from Matthew Frost, who is leaving after 10 years in post. Harris, a former head of trading at Schroders, was previously chief of staff for Save the Children UK and CEO of New Philanthropy Capital, the charity think tank and consultancy. Farm Africa, which works directly with farmers, said it would begin the search for Harris’ successor “straightaway”. Link
UK: Conservative Member of Parliament and former Environment Secretary Caroline Spelman has been appointed Second Church Estates Commissioner – meaning she will be able to represent and answer questions on behalf of the Church Commissioners, the £6.7bn church asset manager, in the House of Commons. She succeeds Sir Tony Baldry in the role.
Unity Trust Bank, set up 30 years ago as the UK’s first trade union bank, has appointed former chief executive of First Direct Bank Alan Hughes as its new chair. Hughes, who has also sat on the executive board of HSBC, replaces Graham Bennett who is retiring. Unity Trust is the UK provider of banking services to the social economy sector including charities, trade unions, social enterprises, voluntary organisations and credit unions.
An Equity Analyst, ESG Integration, is being sought by the British Columbia Investment Management Corporation (bcIMC). Accountable to the Senior Manager, ESG Integration, the Equity Analyst gathers data, conducts analysis and generates reports related to bcIMC’s ESG Integration program in line with its overall commitment to Responsible Investing. The closing date is June 12. bcIMC careers site.