RI People & Appointments, November 9: PGGM’s Jackson named ICGN Vice Chair of RemCom – Moskowitz prize

The latest ESG movers and shakers

Catherine Jackson, Senior Advisor at PGGM Investments, has been named as Vice Chairman of the International Corporate Governance Network’s Remuneration Committee, the ICGN tweeted^google|twcamp^serp|twgr^author. Gary Buesser, Director at Lazard Asset Management becomes Co-Chair of ICGN’s Accounting & Auditing Committee. Eugenia Jackson, Director at BMO Asset Management, named as Co-Chair of ICGN’s Shareholder Rights Committee.

Richard Davis, natural resources specialist at BlackRock, has reportedly
stepped down from his fund management responsibilities at the fund giant after 19 years. Citywire cited a company spokesperson as saying he would “explore other career opportunities inside and outside of BlackRock”. He stepped down as co-manager of the BlackRock World Agriculture and the on- and offshore versions of the BlackRock Natural Resources Growth & Income strategy. Desmond Cheung would now oversee World Agriculture, while Cheung and Catherine Raw were to join Joshua Freedman and Holl running Natural Resources Growth & Income.

Richard Gephardt, the former US Congressman, has joined the board of Jitasa, an Idaho-based certified B-Corporation specializing in accounting services for nonprofits. Gephardt, who served 28 years in the U.S. House of Representatives, 16 of which he was House Democratic Leader, now runs his own consulting firm, Gephardt Group. He is served on the boards of companies like US Steel and Ford Motor Company.

Rick Fedrizzi, founding chairman and CEO of the U.S. Green Building Council and Andrew Steer, CEO of the World Resources Institute think tank, have joined
the National Community Advisory Council (NCAC), a diverse group of nonprofit and private-sector leaders convened by Bank of America. Also joining are Mark Tercek, president and CEO, The Nature Conservancy, Armond Cohen, executive director, Clean Air Task Force and Bob Perciasepe, president, Center for Climate and Energy Solutions (C2ES).

Canada now has a newly named Ministry of Environment and Climate Change following the swearing in last week of Canada’s new cabinet following the election of Justin Trudeau as Prime Minister. Catherine McKenna, a lawyer with a background in international trade and social justice is in charge of the renamed portfolio. Trudeau said: “Canada is going to be a strong and positive actor on the world stage, including in Paris at COP21. That’s why we have a very strong minister, not just of the environment but of the environment and climate change who will be at the heart of this discussion.” Link

The Push Your Parents (PYP) initiative is looking for students and young people (under 30) to form the next leadership team to run the campaign, which seeks to get older people to realise the climate change harm their pensions are doing. “We need a team of 4-6 people to lead the campaign,” it says.Philipp Krüger, Assistant Professor of Responsible Finance at the University of Geneva and Junior Chair of the Swiss Finance Institute has been awarded the 2015 Moskowitz Prize for Socially Responsible Investing for a study that finds that found the stock market favourably values companies that are mandated to report greenhouse gas emissions and that these effects appear to be strongest in carbon-intensive industries. The paper, Climate Change and Firm Valuation: Evidence from a Quasi-Natural Experiment can be read here. The Moskowitz Prize, which is awarded by The Berkeley-Haas Center for Responsible Business, is the only global award that recognizes outstanding quantitative research in socially responsible investing.
Krüger’s paper examines the impact of the mandatory Greenhouse Gas (GHG) Emissions Disclosure Act that passed into law in the United Kingdom in 2013. The law applied to firms listed on the Main Market of the London Stock Exchange, and now requires that every UK company report comprehensive data on their GHG emissions in their annual reports. The UK was the first country to introduce mandatory carbon reporting for publicly listed firms.

Josefine Ekros Roth has joined Nordea Asset Management as Senior ESG Analyst. She was formerly Senior Analyst – Responsible Investments at DNB Asset Management. Before that she was with GES Investment Services as Senior Research Analyst.

Former McDonald’s CEO Don Thompson has reportedly joined the board at a California-based vegan meat alternative start-up. The Associated Press said
he is joining Beyond Meat, having left the fast-food giant earlier this year after a 25-year-stint.

Joanne Segars has stepped down as chair of PensionsEurope, the umbrella pensions sector lobby group, after three years in post, IPE has reported. Segars, head of the UK’s Pensions and Lifetime Savings Association (formerly the National Association of Pension Funds), is succeeded by Janwillem Bouma, managing director of Shell’s Dutch pension fund. Bouma only joined the Brussels-based organisation’s board earlier this year after Benne van Popta left.

There has been a call for nominations for international accounting standard-setting boards . Highly qualified individuals are being sought to serve as volunteer members for three-year terms on the International Auditing and Assurance Standards Board (IAASB), International Accounting Education Standards Board (IAESB), International Ethics Standards Board for Accountants (IESBA), and International Public Sector Accounting Standards Board (IPSASB). All applications should be submitted by January 31, 2016. Link
A Junior Editor is being sought by the Principles for Responsible Investment (PRI). Applications for the three-day-a-week role close on November 23.

A new CEO is being sought by the James Hutton Institute the Scotland-based research institute which tackles issues such as climate change and threats to food and water security. The deadline for applications is November 30. Link