Nicole is a Vice President at Credit Suisse, based in New York City. She is an equities trader in the Systematic Market Making Group and head trader for the firm’s Long-Short Trading Team. Nicole joined the Credit Suisse Equity Derivatives and Convertibles Unit as a trader in 2001. Nicole invented the first ever LGBT-focused equity index, the Credit Suisse LGBT Equality Index (TM-pending). She also serves as the co-chair of the Credit Suisse LGBT Open Network Steering Committee. In addition to her responsibilities at Credit Suisse, Nicole serves on the Advisory Council of Action Against Hunger | ACF International for which she founded the Restaurants Against Hunger initiative. Prior to joining the team at Credit Suisse, Nicole was a trader on the Equity Block Trading Desk at UBS. She holds a degree in Finance and Business Economics from the University of Notre Dame.
14.30 - 16.15
Workshop 2 - Sustainable Sourcing
Managing ESG risks in the supply chain
Giulio Franzinetti (Moderator)
Member of the Board of Directors - Vigeo - United Kingdom
giulio franzinetti c About: Giulio Franzinetti is a Director of Vigeo, rating agency specialised in CSR. In the past he has worked as an economist and later as a fund manager in emerging markets. He has worked in London, Hong Kong, Milan, Luxembourg and held a range of positions in banks and fund management companies. He now specialises, as a consultant, in marketing funds and private equity deals.
Ian Lifshitz (Speaker)
Director of Sustainability and Public Affairs, North America - Asia Pulp and Paper (APP) - USA
Summary: Ian Lifshitz, North American director of sustainability and public affairs for Asia Pulp & Paper (APP), will discuss the value, challenges and results of ESG Integration into a large corporation. APP, one of the largest paper companies in the world, recently committed to an unprecedented integration of ESG into its business practices through a unique sustainability and conservation policy – the Forest Conservation Policy (FCP). Now marking its first full year of implementation, APP’s FCP reduces risk while having a positive impact beyond the paper industry. Ian will share APP’s case study along with insights that apply to companies in any industry.
Ian Liftshitz 2014 About: Ian Lifshitz is the North American director of sustainability and public affairs for Asia Pulp & Paper Group (APP). He is responsible for leading the company's sustainability and media relations and other related stakeholder engagement programs across Canada, the United States and South America. Ian is also charged with leading the company's North American CSR activities, translating many of APP's successful conservation, biodiversity and social community programs to American audiences. He is a regular contributor to both environmental and paper industry publications, as well as a regular participant in industry roundtables and forums. Ian has 15 years of strategic communication expertise, and has consulted with many international organizations, developing environmental and corporate social responsibility programs.
Michael Dickstein (Speaker)
Global Manager Sustainability Development - Heineken International - The Netherlands
Michael Dickstein 2014 About: Michael is a seasoned business support professional with a proven track record in strategic CSR management and stakeholder engagement. In his current role, he is responsible for overseeing and further integrating HEINEKEN’s approach to Sustainable Development, i.e. the Brewing a Better Future-programme. Sustainability being part of the six company strategies, this programme is focusing on four key areas: protecting water resources, reducing energy consumption/finding innovative solutions for renewable energy, sourcing sustainably and advocating responsible consumption. Previously, Michael was Corporate Relations Manager HEINEKEN Netherlands. During his tenure, the Dutch business has launched sustainability initiatives such as the container terminal from Europe’s largest brewery to the Rotterdam Harbour, the on-trade initiative 'Sustainable Partners in the On- Trade', as well as numerous Responsible Drinking partnerships with health organizations and Dutch cities. Michael joined HEINEKEN 10 years ago from Brau Union where he was Head of Communication and Investor Relations. He has a Masters Degree and Doctorate in Law (Johannes Kepler University, Linz/Austria). He spent his early working life as Chief of Staff for MEP Paul Rübig in Brussels and Strasbourg.
James Gifford (Speaker)
Member of the Advisory Board - Tau Investments - USA
James Gifford 2014 About: Dr. James Gifford is a Senior Fellow at the Initiative for Responsible Investment at the Harvard Kennedy School, where he researches sustainable investment in emerging markets and methods to deliver positive impact within mainstream investment strategies. He is also a Senior Strategic Advisor for Tau Investment Management, a turnaround fund that invests in unsustainable apparel and textile companies and transforms them into sustainable and ethical enterprises. Previously, Gifford was the founding Executive Director of the UN-supported Principles for Responsible Investment, taking the initiative from inception in 2003 and building it, over 10 years, into the preeminent global initiative on responsible investment with 1200 signatories representing $30 trillion in assets. He has published numerous articles and book chapters on responsible investment. Gifford holds a PhD from the University of Sydney on the effectiveness of shareholder engagement in improving corporate environmental, social and governance performance, as well as degrees in Commerce and Law, and a Masters in Environment Management. Gifford speaks Indonesian and has established an NGO that supports young Indonesians to enter university. In 2010 the World Economic Forum named him as one of 200 Young Global Leaders.
Kristen Lang (Speaker)
Senior Manager, Corporate Programs - Ceres - USA
Kristen Lang 2014 About: Kristen Lang is a Senior Manager in the Corporate Program at Ceres, advising Ceres member companies on sustainability strategy, reporting and stakeholder engagement. Since 2006, Kristen has worked with companies to strengthen and implement sustainability strategies, directly engaging companies in the consumer product, footwear and apparel, and technology sectors. In her engagement with these companies, Kristen also leads project work related to building sustainable global supply chains. Kristen was part of the team that created The 21st Century Corporation: The Ceres Roadmap for Sustainability and she also led the development of the recently released Ceres report, The Road to 2020: Corporate Progress on the Ceres Roadmap for Sustainability. Prior to joining Ceres, Kristen was the Manager of Finance for a Cambridge-based environmental non-profit. She graduated from Dartmouth College with a Bachelor of Arts in environmental science and government.
14.30 - 16.15
Workshop 3 - Trends in Impact Investing
Saundra Gibson (Moderator)
Director Private Banking - Credit Suisse - USA
Saundra Gibson 2014About: Saundra co-heads a private wealth advisory team focused on individuals, families, foundations and endowments. The team’s practice concentrates on family governance issues pertaining to wealth management including: impact investing, open architecture asset management, risk management and generational transfer issues. The team is widely recognized for extensive, thoughtful contributions to family enterprises and closely held companies for legacy and succession planning. Saundra sits on the board of advisors for Penn State University Planned Giving Advisory Council, Penn State University Board of Outreach, Penn State Marcellus Shale Education Consortium, and the Board of Directors for World Affairs Council Philadelphia.
Erik Wallsten (Speaker)
Co-Founder and Managing Partner - Adobe Capital - Mexico
"Supporting the early growth of social and environmental companies in Mexico"
Summary: Adobe Capital is an impact investment fund focused on supporting the early growth of social and environmental companies in Mexico. It invests in innovative companies that have significant potential to scale and be financially profitable, while delivering products and services which impact the quality of life of a critical mass of people.
Erik WallstenAbout: Erik Wallsten is the Co-Founder and Managing Partner of Adobe Capital, Mexico’s first triple bottom line impact investment fund. Erik has extensive experience in the Mexican venture capital, private equity and real estate sectors. Among other investments, Erik was involved in the development of the first sustainable housing project in Mexico City as part of LaSalle Investment Management and was a Principal at the NAFTA Fund, a local private equity fund focused on cross-border investments involving high-growth SMEs. Erik was also part of the investment team in charge of the North American Environmental Fund, Mexico’s first environmentally-focused venture capital fund. Erik received an MBA from The University of Chicago Booth School of Business and holds a Bachelor of Science degree in Industrial Engineering with Honors from Universidad Iberoamericana.
Peter Johnson (Speaker)
Partner, Head of Capital Markets - Developing World Markets - USA
"New Frontiers: investing in new impact sectors in emerging and frontier markets"
* The new niches: challenges of moving into new impact sectors
* Developing new products for HNW platforms
* Lessons learned from Microfinance: the benefits of on-the-ground financial intermediation
* What is it?: a sample social impact institution in Cambodia
peter johnson web About: Peter Johnson is the manager of the capital markets team and is responsible for the origination of structured opportunities, fund development and investor relations. He also serves as the relationship manager for certain investments. He is a member of the DWM Credit Committee and Investment Committee. From 1994 through 2004, Peter co-managed DWM I Fund, L.P., the firm's legacy activity, with Judy Kirst-Kolkman, which participated in over 350 IPOs and Secondary Offerings on local emerging market stock exchanges. Prior to DWM, Peter spent 14 years with Bankers Trust, focused exclusively on emerging markets. As an investment banker in London with Middle Eastern institutional clients, he helped restructure their direct investments in Asia, Latin America, and Eastern Europe. In New York, Peter conceived and executed multiple bond issues to restructure $14 billion of Foreign Military Sales (FMS) debts to the U.S. government by emerging market governments. In Cairo, Peter opened and managed Bankers Trust's Egypt office and negotiated Bankers Trust's first debt for equity swap and first asset backed financing backed by workers' remittances. Peter has an MA from the Fletcher School of Law and Diplomacy at Tufts University and a BS from the School of Foreign Service at Georgetown University. He is competent in French and conversational Spanish. Since 1996 Peter has been on the board of Pro Mujer International and served from 2003-2006 as Chairman of the Board. Until 2007 he was also on the board of Pro Mujer Mexico.
Rodolfo Fracassi (Speaker)
Director and Co-Founder - MainStreet Capital Partners - United Kingdom
"Impact Investing: Addressing the liquidity problem?"
Summary: The impact investment arena is rapidly growing. According to the latest GIIN JP Morgan report the total committed capital in the impact investments market is around USD 46 billion marking an additional growth through the years. However, there are still some challenges that have not been entirely addressed yet.
Among them, one of the most important and most frequently mentioned by investors is the lack of liquidity that characterizes most of the value-based investments available in today’s market. The liquidity problem represents a serious constraint in the development of this sector: it does not simply limit institutional clients to invest into this market but also and particularly private investors, which are constantly seeking for the possibility of small but very liquid investments.
In our presentation we will argue that there are efficient solutions to address the liquidity problem particularly looking at all those companies, securities, and funds whose activities is directly generating a positive and measurable social / environmental impact providing daily to monthly liquidity to investors.
More specifically we will share MainStreet Partners’ experience in creating investment products for the retail market capable to mix traditional impact investing solutions, such as microfinance and fair trade funds, thematic and social bonds, together with alternative and less explored opportunities in the listed equity space.
Fracassi About: Rodolfo founded MainStreet Partners (MSP) in 2008 as a catalyst for impact investments in micro, small and medium businesses across the globe. MSP is now an independent financial boutique that provides institutional investors and private banks with tailored solutions to effectively deploy capital in the impact investing area and achieve their targeted mix of social, environmental and financial returns. Prior to this he served as an Executive Director at Goldman Sachs Asset Management, in charge of developing new business opportunities with institutional investors, distributors and consultants in several European countries. Rodolfo covered a similar position at Franklin Templeton Investments, co–heading the Italian Institutional department. He also held positions at Salomon Smith Barney as a Derivatives Sales and started his career at the Italian Trade Commission in Hong Kong as market analyst. He graduated at Bocconi University in Milan. Rodolfo is a Chartered Financial Analyst, member of the Italian CFA Society, the UK CFA Society, and the Microfinance UK Club. A keen cyclist, he took a year off in 2007 to realize his dream of crossing South America by bicycle, from Quito in Ecuador to Ushuaia in Argentina across Peru, Bolivia and Chile.
Josh Cohen (Speaker)
Managing Partner - City Light Capital - USA
Josh Cohen 2014 About: Josh Cohen is the Managing Partner and cofounder of City Light Capital. He is also the Chief Investment Officer for Tyden Ventures, a single family office based in Grand Rapids, Michigan. He is currently on the Board of HeroX, a joint venture with the X Prize Foundation, and is an Observer to the Boards of 2U and StraighterLine. Josh recently cofounded The ImPact, whose mission is to increase the probability and pace of solving social problems by improving the flow of capital to businesses creating measurable social impact. The ImPact is a membership organization comprised of investors who pledge to make impact investments, track their social impact and financial progress, and share that data with others who have made the Pact. Prior to co-founding City Light Capital, Josh led direct investments for a family office in St. Louis, and worked with the SV Group, a private debt fund. Before becoming an investor, Josh was the Director of Business Development for Mobility Electronics (NASDAQ: IGOI). He began his career as an investment banker in the technology group of Deutsche Banc Alex. Brown in San Francisco. He is an advisor to several nonprofit organizations including the Joan Ganz Cooney Center, QuestBridge, Shalom Learning and the Redwoods Initiative. Josh graduated from the University of Michigan – and is an avid fan of Michigan sports teams. He is a frequent speaker on the topic of impact investing. He is a very proud husband and dad of two boys.