Asset owners and managers are seeking new inputs into their investment decisions to account for a wide range of ESG impacts and risks. Following the signing of the Global Biodiversity Framework last December, the challenge of identifying and quantifying nature-related risks is front of mind for many investors.
New disclosure rules are imminent, to align finance flows to the GBF’s goals, with regulators globally expected to leverage the work of the Taskforce on Nature-related Financial Disclosures. But calculating and monitoring nature-related risks and impacts is significantly harder than counting GHG emissions. Measures of species abundance, for example, are not well understood, while differences across locations and sectors are stark, but hard to compare.
Investors’ need for nature-related data inputs is urgent, but it is set against a clouded backdrop. ESG data, ratings and scores are subject to increasing scrutiny by regulators, while asset owners and managers struggle to identify the right data and technology partners to help them understand risks and impacts across portfolios and asset classes. With companies not yet mandated to disclose nature-related risks, a variety of innovative new technologies and methodologies are vying for investors’ attention, but which ones will best support nature-positive outcomes in the long term?
Networking and Refreshments
Update on – and investor implications of – nature-related regulatory developments, including implementation of Global Biodiversity Framework’s goals and targets (esp around disclosure and finance alignment), the finalisation of the TNFD framework, the incorporation of nature into policy and regulatory mandates, and the extension of EU’s Green Taxonomy beyond climate.
Alicia Kedzierski, Head of Department, ESG and D&I, Financial Conduct Authority
Perspective from industry leader on the conceptual and resource challenges facing investors in incorporating nature-related inputs into decisions made throughout the investment lifecycle. The aim is to reflect the role data services have played in the development of sustainable investment strategies and management of ESG risks, and how the industry can contribute effectively to addressing the multi-layered and inter-dependent issues now facing investors, through broader collaborations and new innovations.
James d’Ath, Data and Analytics Technical Lead, TNFD, Finance Sector Engagement Specialist, Global Canopy
This first session will kick off by placing nature data in context of investors’ existing efforts to quantify and reduce climate risks in their portfolios, but then will quickly dive deeper into the similarities and differences of this new challenge, and how they have been accounted for in the TNFD framework. The session will also look at how existing partnerships, tools and resources have already been leveraged by investors, before exploring the roles (and risks) of new methodologies, technologies (from AI to satellite images) and collaborations. Topics to include:
Maria Nazarova-Doyle, Executive Director, Head of Sustainable Investment, IFM Investors
Steven Bullock, Managing Director, Global Head of Research & Methodology, S&P Global Sustainable1
Miriam Benarey, Associate Director, Sustainability & Stewardship, Impax AM
Gemma James, Head of Biodiversity & Nature, Chronos Sustainability
Chris Hall, Editorial Director & Co-founder, ESG Investor
Leading investor to highlight its work so far to integrate nature-related data into its investment processes, to identify the data challenges still outstanding, and to develop long-term partnerships with third-party providers. Areas of focus may include the steps taken to quantify nature risks, impacts and dependencies in portfolios (with reference to TNFD pilot project), the tools and processes used to do this, the data gaps identified, the plans to address these gaps, and the way the findings may influence investment decisions and engagements.
Lee Backhouse, Senior Responsible Investment Manager, Scottish Widows
With deforestation being such a key driver of the climate crisis, many investors are already coming to terms with the challenges of tracking their risks, impacts and dependencies relating to key commodities, such as palm oil and soybeans. Monitoring complex supply chains for these is a complex enough task in its own right, but it is just one of several steps investors must take to understand their footprint on land. This session seeks to dig into the difficulties of obtaining accurate data on nature risks and opportunities, and incorporating them into investment decisions and engagement activity. Topics to include:
Peter van der Werf, Head of Engagement, Robeco
Graham Stock, Senior EM Sovereign Strategist, RBC BlueBay
Henning Stein, Finance Fellow, Cambridge Judge Business School
Fiona Pedaboy, Researcher, Global Canopy
Vibeka Mair, Senior Reporter, ESG Investor
Disclosure of nature data is critical because it will inform the engagement and stewardship of institutional investors. In this session, stewardship experts highlight the current state of collaborative engagement with portfolio firms on nature risks and impacts, and explain how they will use emerging data flows to inform targets and expectations.
Emine Isciel, Head of Climate and Environment, Storebrand, and Board Member, NA100
Tim Steinweg, Head of Stewardship – Nature, Principles for Responsible Investment
Aaran Fronda, Editor, ESG Investor
This session focuses on some of the key ways in which investors can track and influence their impacts on SDGs 6 and 14, both positive and negative. Company disclosures and investor engagements on water-related risks have increased over the past five years, while policy measures are beginning to broaden and deepen in scope. But risks, impacts and dependencies can still lurk unexpectedly within portfolios. This session helps investors identify and quantify risks but also opportunities, while guarding against bluewashing. Topics to include:
Sue Armstrong-Brown, Global Director, Environmental Standards and Thought Leadership, CDP
John Willis, Director of Research, Planet Tracker
Andrew Hodge, CEO, Aquascope
Max Boucher, Senior Research & Engagement Manager, Biodiversity & Oceans, FAIRR
Emmy Hawker, Reporter, ESG Investor
A leading voice at the nexus of science, policy and investment will share views on how institutional investors can support the nature preservation and restoration goals of the Global Biodiversity Framework.
Jeremy Eppel, Principal, NatureFinance
ESG Investor’s Nature Data for Institutional Investors event brings together investors and data & technology providers for a full-day event to improve understanding and integration of ESG risks and impacts in the investment process, with a particular emphasis on the nature and biodiversity: including:
Keynotes and case studies from regulators and leading practitioners
Panel sessions & presentations on how investors should assess and measure nature and climate risks
Leading ratings & data providers exhibiting
Networking throughout the day including pre-event, lunch, and morning/afternoon sessions. A cocktail reception will finish the event in style.