HOW IT WORKS

Impact investing challenges the view that institutional investors must focus on purely financial factors in order to achieve their strategic investment goals. This one-day seminar will help to shape the response of the pension fund sector to an increased awareness of the opportunities presented by impact investing.

Topics to be covered include: measuring impact, introducing an impact strategy to a portfolio, choosing an impact manager

Developed in conjunction with Pensions For Purpose, this event will provide genuine insight into the likely shape of investment thinking for the future of impact investing.

AGENDA

WEDNESDAY 18TH NOVEMBER

10:45 – 11:30

GATHERING AND INTRODUCTION TO THE FORMAT AND FEATURES OF THE ONLINE CONFERENCE

11:30

WELCOME & OPENING REMARKS

Introduction by the conference chair, Karen Shackleton, Founder, Pensions for Purpose

11:40

KEYNOTE – IMPACT INVESTING: A STRATEGY FOR THE FUTURE

Speaker:  Sean Gilbert, Director of Member Engagement, The Global Impact Investing Network

The Global Impact Investing Network aims to reduce barriers to impact investment so investors can more easily allocate capital to fund solutions to the world’s most intractable challenges. Our speaker will provide insights drawn from the annual GIIN survey on impact investors’ motivations and activities, as well as perspectives on market progress and challenges in impact investing.

11:50 – 11:55

SCREENBREAK

11:55

PANEL – WHAT SOCIAL IMPACT CAPITAL WILL BE REQUIRED THROUGH THE COVID-19 RECOVERY PHASE?

Moderator:  Karen Shackleton, Founder, Pensions for Purpose

Panellist:  Adrian Brown, Independent Adviser
Paddy Dowdall, Assistant Executive Director, Greater Manchester Pension Fund
Ken Hunnisett, Project Director, Triple Point
John Williams, Investment Director and Head of Property Funds, Resonance

How can asset owners and fund managers coalesce to identify opportunities which have not be previously thought about to really move the dial. Our panel investigates some interesting ideas around bringing people together to think differently.

12:35 – 13:40

LUNCH & ONLINE NETWORKING

13:40

GETTING IMPACT INVESTMENT MOVING FROM THE TOP DOWN

Speaker:  Charlotte-Tyrwhitt-Drake, Director, Pension for Purpose

The climate crisis and the Covid-19 pandemic are raising awareness amongst the investment community on how investment capital can be redirected to address some of the environment and society’s greatest challenges. In turn, the investment community is responding to the financial risks and opportunities presented by these challenges and the transition to a sustainable economy. Regulations are influencing trustee decision-making, consultants are coming together through initiatives such as The Sustainability Working Group, and managers are building sustainable and impact strategies. Against this backdrop, the Principles for Impact Investing offer a step-by-step good governance framework for trustees which also recognises the important role of consultants and asset managers in implementing trustees’ impact goals.

Our speaker will outline how the five Principles for Impact Investing provide the cohesive structure for stakeholders to participate at all levels in the allocation of investment capital to impact strategies.

13:45

THE LEGAL UNDERPINNINGS OF THE PRINCIPLES FOR IMPACT INVESTING FOR TRUSTEES

Speaker:  Jonathan Gilmour, Partner, Pensions Risk Manager, Travers Smith

13:50

THE PRINCIPLES FOR IMPACT INVESTING

Speaker:  Sarah Gordon, CEO, The Impact Investing Institute

How the Principles were developed and what they are seeking to achieve.

14:05

BREAKOUT DISCUSSIONS: HOW PENSION FUNDS CAN WORK WITH THE PRINCIPLES FOR IMPACT INVESTING

Moderator: Sarah Forster, CEO, The Good Economy

Katie Fulford-Smith, Engagement Manager, Big Society Capital

Nick Spencer, Investment Committee Member, Centrica Pension Schemes

How can pension funds adopt them? What are the challenges in their use? What are the next steps to be taken to increase the use of impact strategies at pension funds?

14:50 - 15:10

COFFEE AT YOUR PLACE & ONLINE NETWORKING

15:10

PRESENTATION – HOW DO YOU MONITOR AND ACCESS IMPACT INVESTMENT STRATEGIES, AND WHAT HAPPENS IF IT ALL GOES WRONG?

Moderator: Charlotte-Tyrwhitt-Drake, Director, Pension for Purpose

Speaker:  My-Linh Ngo, Head of ESG Investment, BlueBay Asset Management

     Ben Yeoh, Senior Portfolio Manager, RBC Global Asset Management

When investors commit to an impact strategy, how can they tell if their expectations are being met? And what can be done to keep those investments on track? Our speaker will look at these questions in terms of a ‘performance review’ and what can be expected from fund managers.

15:30 - 15:35

SCREENBREAK

15:35

PANEL – ASSESSING IMPACT OUTCOMES AND REPORTING

Moderator:  Bella Landymore, Policy Director, Impact Investing Institute

Panellists:  Victoria Leggett, Impact Equity Portfolio Manager and Head of Impact Investing, UBP

Oliver MacArthur, Senior Consultant, Impact Research Lead, Aon
Aaron Pinnock, Impact Investment Analyst, The Church Commissioners for England
Rosie Rankin, Director, Positive Change Specialist, Baillie Gifford

Impact investing provides the opportunity for investors to deliver investment returns while making a positive contribution to society. Measuring and reporting of both the financial and non-financial elements of impact investment are an essential part of the process. Our panel discusses the hows and whys of impact measurement, and the challenges that investors face when reporting on the success – or otherwise – of their impact commitments.

16:15 - 16:20

SCREENBREAK

16:20

2020 PENSIONS FOR PURPOSE AWARDS CEREMONY

Pensions for Purpose promotes understanding of impact investment by sharing news stories, blogs, case studies, academic research and thought leadership papers on impact investment-related issues. The Pensions for Purpose Awards recognise the best content published to the Pensions for Purpose network in 2020.

16:40

END OF DAY 1 & ONLINE NETWORKING



THURSDAY 19TH NOVEMBER

10:45 - 11:30

GATHERING AND INTRODUCTION TO THE FORMAT AND FEATURES OF THE ONLINE CONFERENCE

11:30

WELCOME & OPENING REMARKS

Re-introduction by the conference chair, Karen Shackleton, Founder, Pensions for Purpose

11:40

PRESENTATION – BUILDING AND IMPACT STRATEGY

Moderator: Karen Shackleton, Founder, Pensions for Purpose

Speaker:  Narina Mnatsakanian,F Director Sustainability and Impact Investing, Kempen Capital Management

Our speaker takes us through the detail of what’s involved when setting up an impact strategy.

12:00 - 12:05

SCREENBREAK

12:05

PANEL – MAXIMISING IMPACT STRATEGIES TO ADDRESS PRESSING SOCIETAL NEEDS

Moderator:  Charlotte Tyrwhitt-Drake, Director, Pensions for Purpose

Panellists:  Seb Beloe, Partner and Head of Research, WHEB Asset Management
Neil Mason, Strategic Finance Manager, Surrey Pension Fund
Nick Samuels, Head of Manager Research, Redington
Anna Shiel, Head of Origination, Big Society Capital

Impact investing has experienced significant growth in recent years, but there is still a long way to go. There needs to be a step change in the amount of investment capital attracted to the sector in order to address the mounting social and environmental challenges of our times. The panel will discuss the means by which this can be brought about, and the resulting benefits for investors and society alike.

12:45 - 13:45

LUNCH & ONLINE NETWORKING

13:45

BREAKOUT DISCUSSIONS: OPENING THE DOOR TO IMPLEMENTING IMPACT

Moderator:  Bally Singh, Trustee, West Midlands Pension Fund

Bearing in mind the discussions we have seen, are there some ideas which would change things? As pensions funds, how can we achieve impact post-Covid? How do pension funds anticipate responding to this “new world”? Should pension funds do more? Are there still barriers to overcome to encourage the uptake in impact investment?

14:25 - 14:30

SCREENBREAK

14:30

PANEL – ACHIEVING SUPERIOR RISK-ADJUSTED RETURNS THROUGH IMPACT

Moderator:  William Bourne, Independent Adviser

Panellists:  Abbie Llewellyn-Waters, Fund Manager, Jupiter Asset Management
Emma Lupton, Vice President, Analyst, Responsible Investment, BMO Global Asset Management
Owen Thorne, Portfolio Manager – Monitoring & Responsible Investment, Merseyside Pension Fund
Dawn Turner, Independent Adviser and NED

Impact investment is not just a force for social good, it is also an opportunity for institutional investors to access new sources of investment return. Our panel looks in detail at how and why impact strategies can be important drivers of investment performance.

15:10 - 15:30

COFFEE AT YOUR PLACE & ONLINE NETWORKING

15:30

SOCIAL IMPACT AND THE OUTCOMES OF THE PANDEMIC

Speaker:  Louise Kooy-Henckel, Investment Director, Impact Investment, Wellington Management

The Covid-19 pandemic has had far-reaching consequences that that go beyond the spread of the disease itself. Our speaker will look at how the growth in impact investing can help address the political, cultural, and social effects of the pandemic.

15:50 - 15:55

SCREENBREAK

15:55

PANEL – ACHIEVING ENVIRONMENTAL BENEFIT THROUGH IMPACT

Moderator:  Elizabeth Carey, Independent Adviser

Panellists:  Jonathan Bailey, Managing Director & Head of ESG Investing, Neuberger Berman
George Graham, Director, South Yorkshire Pension Fund
Michael Marshall, Head of Sustainable Ownership, RPMI Railpen
Lauren Peacock, Campaign Manager, ShareAction

Environmental problems such as climate change, waste disposal and water pollution are having, and will continue to have, a profound effect on society. Our panel investigates the options available to investors looking to enable change through impact investment.

16:35 - 16:40

SCREENBREAK

16:40

CLOSING ADDRESS: BUILDING A BETTER WORLD

Speaker:  Richard Curtis, Co-Founder, Make My Money Matter

Richard Curtis is a film writer and director, responsible for films such as Four Weddings and a Funeral, Notting Hill, Bridget Jones’ Diary, Mr Bean, Love Actually, The Boat That Rocked, and most recently About Time and Yesterday.
Richard is co-founder of Make My Money Matter, a people-powered campaign fighting for a world where we all know where our pension money goes, and where we can demand it’s invested to build a better future. He was a founding member of Make Poverty History, the campaign for the MDGs and worked both on that and on Live 8 in 2005. In 2015, Richard helped found Project Everyone to work to make the Global Goals famous and effective – and is now a UN Advocate for the SDGs.

17:00

END OF CONFERENCE & ONLINE NETWORKING

SPEAKERS

JONATHAN BAILEY

Managing Director & Head of ESG Investing

Neuberger Berman

SEB BELOE

Partner and Head of Research

WHEB Asset Management

WILLIAM BOURNE

Independent Adviser

ADRIAN BROWN

Independent Adviser

ELIZABETH CAREY

Independent Adviser

RICHARD CURTIS

Co-Founder

Make My Money Matter

PADDY DOWDALL

Assistant Executive Director

Greater Manchester Pension Fund

SEAN GILBERT

Director of Member Engagement

The Global Impact Investing Network

JONATHAN GILMOUR

Partner, Pensions Risk Manager

Travers Smith

SARAH GORDON

CEO

The Impact Investing Institute

GEORGE GRAHAM

Director

South Yorkshire Pension Fund

KEN HUNNISETT

Project Director

Triple Point

LOUISE KOOY-HENCKEL

Investment Director, Impact Investment

Wellington Management

BELLA LANDYMORE

Policy Director

Impact Investing Institute

VICTORIA LEGGETT

Impact Equity Portfolio Manager and Head of Impact Investing

UBP

ABBIE LLEWELLYNWATERS

Fund Manager

Jupiter Asset Management

EMMA LUPTON

Vice President, Analyst, Responsible Investment

BMO Global Asset Management

MICHAEL MARSHALL

Head of Sustainable Ownership

RPMI Railpen

NEIL MASON

Strategic Finance Manager

Surrey Pension Fund

NARINA MNATSAKANIAN

Director Sustainability and Impact Investing

Kempen Capital Management

MY-LINH NGO

Head of ESG Investment

BlueBay Asset Management

LAUREN PEACOCK

Campaign Manager

ShareAction

AARON PINNOCK

Impact Investment Analyst

The Church Commissioners for England

ROSIE RANKIN

Director, Positive Change Specialist

Baillie Gifford

NICK SAMUELS

Head of Manager Research

Redington

KAREN SHACKLETON

Founder

Pensions for Purpose

ANNA SHIEL

Head of Origination

Big Society Capital

OWEN THORNE

Portfolio Manager – Monitoring & Responsible Investment

Merseyside Pension Fund

DAWN TURNER

Independent Adviser and NED

CHARLOTTE TYRWHITT-DRAKE

Director

Pensions for Purpose

JOHN WILLIAMS

Investment Director and Head of Property Funds

Resonance

BEN YEOH

Senior Portfolio Manager

RBC Global Asset Management

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