Many pension schemes have set net-zero ambitions, but what does that actually entail and how is it achieved? Some pension schemes are expanding on Taskforce on Climate-related Financial Disclosure (TCFD) reporting, by developing their own transition plans.
This all-member session brought together experts offering practical advice and insights to bring these strategies to life.
We were delighted to be joined by a panel, including Institutional Investors Group on Climate Change (IIGCC), Nest, Phoenix Group, Rethinking Capital and Tikehau Capital.
Following the panel discussion, we moved to breakout rooms of mixed stakeholders, led by some of our Community Partners: Downing, Jupiter Asset Management, LCP and Tikehau Capital.
Who was this event for?
This event was open to all our members. If your organisation is yet to join Pensions for Purpose you may attend an event before deciding whether to sign up, so please register for a trial session.
Watch the video Read the post-event blog
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Speakers
Elena Vydrine, Senior Investment Specialist, Public Markets, IIGCC
Elena leads the development and application of the Net Zero & Climate Resilience Investment Frameworks and other thought leadership on emerging thematics, providing deep investment expertise and addressing technical issues to advance guidance on specific topics relevant to implementation efforts of members’ net-zero commitments.
A portfolio management and responsible investment professional with over 15 years of industry experience in managing passive and systematic index strategies, ETFs and sustainable finance at Blackrock, HSBC Global Asset Management and MSCI, Elena holds an MSc in Investment Management from Bayes Business School and an MSc in Sustainability Leadership from Cambridge University.
Katharina Lindmeier, Head of Sustainability Strategy, Nest
Katharina’s role includes leading the pension scheme's approach to managing climate change risks and opportunities within the £44bn portfolio. She joined Nest in 2019 and previously worked at Railpen and Aberdeen Standard Investments. She holds an MA in Philosophy and Economics from the University of Edinburgh, and an MSc in Economics and Policy of Energy and the Environment from UCL. Katharina is also a CFA charterholder.
Will Wollerton, Senior Sustainability Manager, Phoenix Group
Will is a Senior Sustainability Manager in the Climate Change and Nature Team at Phoenix Group, the UK’s largest long-term savings and retirement business with 12mn policy holders and c.£300bn assets under administration.
Will has spent over 10 years working in financial services, most recently focused on strategy and proposition development roles for the net zero transition at Lloyds Banking Group, Barclays and now Phoenix Group. Will managed the development and publication of Phoenix Group’s Net Zero Transition Plan and is now focussed on driving wider system change to deliver net zero, specifically unlocking investment in climate solutions, through industry and policymaker engagement.
Andrew Watson, Co-Founder, Rethinking Capital
Andrew has spent 23 years solving the intangibles problem (the economy has shifted to post-industrial but the rules that govern the economy haven’t kept up).
Andrew is also one of the creators of the breakthrough innovation normative accounting for intangibles, a rethink of double-entry bookkeeping, now becoming known as Accounting for Reality. Having had the insight of upside-down system incentives in 2020, Accounting for Reality is designed to flip the incentives,and create carrot and stick incentives to invest into programmes to increase positive impact and reduce negative impact while internalising externalities.
Andrew has led a 12-month programme with the Interpretations Committee of the International Accounting Standards Board (IASB) to secure the IASB 25 April 2024 decision that a commitment to reduce carbon emissions can be recognised as a constructive obligation under the existing IAS37-and a third submission to explain how investments purposed to meet the commitment can be recognised as intangible assets under IAS38.
Lindee Wong, Director of Climate and Biodiversity, Tikehau Capital
Lindee joined Tikehau Capital in 2022 to lead the development and implementation of the Group’s climate and biodiversity strategy across its business lines. Before joining Tikehau, Lindee was environmental business manager at Allianz Trade, responsible for the ESG integration in insurance activities.
Previously, she worked for seven years as a climate change consultant for ERM: Environmental Resources Management and Ecofys advising financial, corporate and public sector clients on climate change strategy, the low-carbon energy transition, and international and national climate policy. Lindee started her career as a nuclear analyst at the Australian Nuclear Science and Technology Organisation and the French Atomic Energy Commission.
Breakout room moderators
Bill Manahan, Director of Institutional Solutions, Downing
Bill joined Downing in July 2023 as a Director of Institutional Solutions. He has a wealth of experience in the institutional space - private markets, risk management - across fundraising and business development. He holds a degree in Commerce from University College Dublin and has a post graduate diploma in Law from the Department for international Trade (DIT).
Pippa Rudling, Director – Global Institutional, Jupiter Asset Management
Pippa joined Jupiter in 2023 and is a Director on the Global Institutional team, responsible for consultant relations.
Prior to joining Jupiter, she spent ten years at Aberdeen Asset Management on the consultant relations team, and then four years at the Asset Management Exchange (AMX) as a sales director.
Pippa has an MSc in Latin American Studies from Oxford University and a BA in Comparative American Studies from the University of Warwick.
Simon Coomber, Partner, LCP
Simon helps trustees and companies manage their retirement benefit plans both in the UK and internationally with a particular focus on how they can manage their climate risk and influence the path to net zero.
With so much information on climate change, Simon focuses on the actions clients can take to manage how climate risk may affect the retirement benefits they provide.
Simon Males, Executive Director and Head of UK Institutional Business, Tikehau Capital
Simon Males is Executive Director and Head of UK Institutional Business at Tikehau Capital, the €38.8bn global alternative asset management group. Simon has over three decades’ experience working within the UK institutional market, including leadership roles at global asset management firms such as Legal & General Investment Management, PGIM, Pictet Asset Management and F&C (BMO).
More recently, he founded Carrick Roads Capital Limited, an institutional consulting and capital-raising firm. Simon is a member of the Board of AIMSE Europe and has previously been a member of its Advisory Council since 2013. He is also a serving Trustee and Board Director of two UK Charities (North London Hospice and The Pemberton-Barnes Trust) and has previously served as a Trustee of a £130m UK defined benefit corporate pension plan. Simon holds an MBA from London Metropolitan University and several professional qualifications, including the IMC.
Host
Richard Giles, Senior Director & Community Lead, Pensions for Purpose
Richard is a Senior Director at Pensions for Purpose and responsible for working with our Community Partners, setting our strategic themes and hosting events for all the members of our network.
Richard has over 30 years’ experience of working in the pension industry as an adviser, senior executive, board member and trustee. He has a portfolio of board roles in finance, education and culminating in looking after the planet.
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.
Our Community allows members to learn from leaders in the impact investment industry. We provide a trusted environment to interact, collaborate and share knowledge. Members engage in a programme of activity to shape their strategy in ESG, sustainable and impact investments.
For more information, please email the Membership Manager.
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