16 January 2023 - Global Impact Forum online all-stakeholder event

Deep impact: embedding social and environmental impact in governance and strategy for pension funds.

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Pensions for Purpose was delighted to host the Global Impact Forum members to its first online all-stakeholder event of 2023.

In the session, Charlotte O'Leary and David Brown reflected on:

  • How impact can be viewed at a governance and strategic level.
  • Why it is important to embed impact holistically to avoid impact washing.
  • The effect of considering impact across the portfolio, in private and public markets, for different types of pension funds.

Charlotte of Pensions for Purpose moderated the Q&As after the breakout room discussion which was led by our sponsors Aon, Goldman Sachs Asset Management and Tikehau Capital.

As usual, we then regrouped and our sponsors shared insights from the breakout discussions before Charlotte and David wrapped the session up.

Agenda

The schedule for this online interactive discussion was the following:

  • Welcome from Pensions for Purpose and housekeeping.
  • Charlotte and David to discuss approaches, challenges and solutions to environmental and social impacts in pension funds
  • Mixed breakout rooms, moderated by our forum sponsors, Aon, Goldman Sachs Asset Management and Tikehau Capital, to discuss questions that arise.
  • Return to main meeting to share insights.
Who was this event for?

Anyone involved in the governance of pension funds or other asset pools at a Trustee Board or executive level, either as a decision-maker or as a practitioner.

Speaker biographies

Charlotte O'Leary, Lead, Global Impact Forum, Pensions for Purpose

Charlotte O'LearyAs CEO and an executive director of Pensions for Purpose, Charlotte oversees the running of the business, develops the growth and innovation strategy and looks for opportunities to build partnerships to achieve Pensions for Purpose's mission.

Charlotte is also a member of the Impact Investing Institute's Pensions Expert Panel, an ambassador for the Transparency Taskforce and a founder of 10 Billion World, an end-to-end sustainability project management business aimed at businesses and organisations setting net-zero and carbon reduction targets.

With over 15 years of experience in asset management, Charlotte started in fund analysis and progressed through to institutional business development. Charlotte has worked for some well-known institutions, including Jupiter, Pictet and Cambridge Associates. Through her roles, Charlotte has built a knowledge and passion for sustainable investing. She has demonstrated this in co-authoring a paper with the Society for Pension Professionals on social impact investing and speaking on topics such as fee and service transparency at PLSA and Transparency
Taskforce events. Charlotte played a critical role in developing the Impact Investing Institute's Impact Investing Principles for Pensions and led the launch of Pensions for Purpose's Global Impact Forum (formally the Impact Investing Adopters Forum).

David Brown, Director and Training Lead, Pensions for Purpose; Independent Professional Trustee

David BrownDavid has worked in the pension and financial services industry for over 35 years with UK and international experience. As well as being Director and Training Lead at Pensions for Purpose he is an accredited professional pension Trustee. His Trustee appointments include schemes with FTSE 100 and FTSE 250 sponsors and with the Smart Pension Master Trust. He has broad investment, risk management and operational experience across both defined benefit and defined contribution schemes.

David has a particular interest in ESG and climate change, and holds the CFA certificate in ESG Investing. He is also a Fellow of the Pensions Management Institute.

David's prior experience includes senior management roles with Tesco, where he was UK and ROI Head of Pensions and Payroll Manager, professional service firms including Deloitte and KPMG, and Fidelity Investments in the US.

Tim Manuel, Partner, Co-Head of Responsible Investment, Aon

Tim Manuel
Tim Manuel is the Head of Responsible Investment and leads Aon's 20-strong specialist team, which sits at the centre of Responsible Investment expertise across our asset allocation, manager research, investment consulting and fiduciary management teams.

Tim is chair of Aon's UK Responsible Investment Committee and a regular contributor to the media, industry research and initiatives designed to advance responsible investment best practice. Tim has a wide range of experience of working with trustee and corporate clients on all sorts of investment, pensions and sustainability issues.

 

Laure Villepelet, Head of ESG / CSR, Tikehau Capital

Laure joined Tikehau Capital in 2017 to promote and accelerate ESG initiatives across alternative asset classes (private debt, real assets, private equity and capital markets strategies). Laure drives the creation, implementation and reporting of the Group's practices regarding ESG integration, engagement and impact (with a focus on climate change, healthcare, innovation and inclusion).

Previously, Laure was sustainable development manager for L'Oréal France and coordinated projects from recycling initiatives to clean transports. She started her career with PWC valuations in NYC and London, and worked as financial analyst in Singapore. Laure has a master's degree in science from Sciences Po Bordeaux and is a CFA® charter holder.

Cyprian Njamma, Executive Director in the Multi-Asset Solutions (MAS), Goldman Sachs Asset Management
Cyprian Njamma

Cyprian Njamma is an Executive Director in the Multi-Asset Solutions (MAS) Group, with over 17 years' experience working with institutional clients, predominately UK pension schemes. He is a lead portfolio manager for outsourced and fiduciary managed multi-asset class portfolios for European institutional clients. Prior to joining the firm, Cyprian was a Director of Client Strategy at SEI Investments (Europe) Ltd where he focused on providing investment advice and strategy to institutional clients. He was also a Trustee Director of SEI's £2bn DC Master Trust. Before joining SEI, Cyprian spent the first five years of his career at both Mercer and Aon. At Mercer, he was an investment consultant, providing strategic investment advice for pensions schemes and at Aon, he was an Associate Consultant carrying out pension liabilities calculations. Cyprian is a Fellow of the Institute of Actuaries and received a Masters in Actuarial Finance from Imperial College and a Masters in Physics from University of Oxford.


Global Impact Forum

The Global Impact Forum is an industry-wide member forum hosted by Pensions for Purpose to facilitate meaningful industry discussions on how to embed social and environmental impacts at a strategic level, including in governance discussions, to encourage the flow of capital towards investments that have a positive impact.

Pensions for Purpose

Pensions for Purpose exists as a bridge between asset managers, pension funds and their professional advisers, to encourage the flow of capital towards impact investment. Our aim is to empower pension funds to seek positive impact opportunities and mitigate negative impact risks. For membership information, please email our Membership Manager.

To the extent that anything on this website constitutes a financial promotion it is exempt from the general prohibition in S21 of FSMA on the basis that the site is only intended for investment professionals as such term is defined in S19 of the Financial Promotions Order. Please note that Pensions for Purpose does not provide consultancy services, advice or personal recommendations on any of the investment opportunities mentioned on the platform. We curate content written by Influencer members and do not endorse any underlying funds.

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