RI People & Appointments, Oct. 24: SASB, Trucost, OECD, Clean Energy Finance Corporation, Northern Trust

The latest ESG movers and shakers

Chris Ailman has been named as the chair of the new Investor Advisory Group formed by the Sustainability Accounting Standards Board (SASB), the US not-for-profit group. “It is critical for investors to have standardized, comparable information on material ESG factors so we can make better decisions about our investments into the future,” said Ailman, Chief Investment Officer of CalSTRS. Founding members of the IAG include: Michelle Edkins (BlackRock), Ted Eliopoulos (CalPERS), John Streur (Calvert), Hugh Lawson (Goldman Sachs), Scott Evans (New York City Retirement Systems), Eivind Lorgen (Nordea), Barbara Zvan (OTPP), John Skjervem (Oregon State Treasury), Lynn Blake (State Street Global Advisors), Tom Franks (TIAA), Kirk Hartman (Wells Fargo AM) and David Zellner (Wespath). Announcement

There’s been a series of hires at Trucost, the environmental data firm that is now part of index firm S&P Global. They include Gautier Desme, Senior Research Analyst, a former investment banker with Credit Agricole CIB, Kepler Cheuvreux and Rothschild who has just completed a Masters in Environmental Technology at Imperial College London. Other new Senior Research Analysts include Matyas Horak, Alex Lake and Gabriele Salvo. Laura McTavish and Rupert Rink join as Research Analysts.

Oliver Yates, founding CEO at Australia’s Clean Energy Finance Corporation, a major investor in clean energy projects, is stepping down. The CEFC Board has begun the process of recruiting a replacement and will be considering both internal and external candidates. The CEFC’s investment commitments have now reached $2.3 billion, contributing to projects with a total value of $5.7 billion.

Daniel Godfrey, who was ousted as CEO of the Investment Association, the UK asset management trade body just over a year ago, is seeking backers for a new long-term, mutual investment company called The People’s Trust. It is seeking ‘Founders’ to pay £20 (€22.5) to help develop the initiative, which will list on the London Stock Exchange. It will support long-term strategies and responsible behaviour at investee companies and “actively engage” for positive change. It won’t pay bonuses to its executives – though they will be paid partly in shares that must be held at least seven years. It will allocate 1% of its assets via a Social Impact Investment. Consulting firm Willis Towers Watson will advise on manager selection and Freshfields will be legal advisor. Fund firms First State Investments, Orbis Investments and Big Issue Invest have been supporting the development of trust and will be among the potential investment managers at launch.

Jeffrey Eckel, President and CEO of Hannon Armstrong Sustainable Infrastructure Capital, the New York-listed investor in efficiency, wind and solar markets, has joined the President’s Council of Ceres, the US sustainability advocacy group.Torben Möger Pedersen, chief executive of PensionDanmark, the labour market pension fund, has been appointed as a member of the advisory board for OECD’s new Centre on Green Finance and Investment. The centre was launched at the third OECD Green Investment Financing Forum in Tokyo. He said he was looking forward to sharing the ideas and thoughts of PensionDanmark. The Green Investment Financing Forum will be the new Centre‘s main global event held annually in the margins of the international climate negotiations, G20 Summit and Global Forum on Responsible Business Conduct.

Northern Trust Asset Management has said that Emily Lawrence has joined as Environmental, Social and Governance (ESG) Senior Product Specialist. In this new role, Emily will support the development of Northern Trust’s ESG platform with a primary focus on growth opportunities in the Wealth Management and Global Family Office channels. She joins from MSCI, where she was head of screening and bespoke research operations, based in Boston. She joins a team headed by Mamadou-Abou Sarr and which includes Avantika Saisekar and Julia Kochetygova.

Phil de Cristo, president of investments at consulting firm Mercer, is to resign according to a report in Pensions & Investments citing a company spokesperson. De Cristo plans to take some time off and consider his options, the report said, adding the firm will formally combine its investment and retirement consulting practices into a new wealth business. Andrew Kirton, chief investment officer for the Europe and Pacific region becomes global chief investment officer for Mercer Investments in January.
Dr. Transform Aqorau is joining the board of the International Seafood Sustainability Foundation (ISSF), the global coalition of scientists, the tuna industry and World Wildlife Fund. He was most recently Chief Executive Officer of the Parties to the Nauru Agreement (PNA), and his career in Pacific fisheries spans more than two decades. Link

Ethex, the UK social investment platform, is recruiting a Head of Investment. “Currently at the beginning of a new 5 year business plan, The Head of Investment will have the scope and potential to develop key partnerships and identify new sectors within which there is a need for social finance and help to develop opportunities to bring to the Ethex platform,” Ethex says. It is also seeking a Business Development Manager and Operations Manager.

A Senior Analyst-Responsible Investment is being sought by Aviva Investors. “We are looking for an enthusiastic and talented analyst, to provide research and support to the Chief Responsible Investment Officer across the full breadth within the Aviva Investors Responsible Investment Strategy,” the UK asset manager says.