Training & Events
Agenda
Tuesday, 23 October 2018 | Sheraton Grand Park Lane, London
From Mapping to Action: Exploring the SDGs as a Framework for Maximizing Value Creation and Impact
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8:00-9:00 | Registration & Networking
8:00-8:45 | Oak Room | Limited Partners Breakfast (By Invitation Only/Co-Hosted by EMPEA and PRI)
- Why should LPs care about the SDGs?
- How can LPs best map their investments to the SDGs? How are LPs holistically measuring impact?
- What can those LPs newer to impact investing learn from those institutional investors who have focused on the strategy for some time? What have been common pitfalls and the best strategies for avoiding them?
Facilitators:
- Natasha Buckley, Senior Manager, Private equity programme, UN Principles for Responsible Investment (PRI)
- Kaori Shigiya, Head of Sustainable Development Goals (SDGs), UN Principles for Responsible Investment
9:00-9:05 | Welcome Remarks
- Robert Petty, Chairman, EMPEA
- Mark Eckstein, Co-Head, SDG Working Group, EMPEA and Director, Environmental and Social Responsibility (ESR), CDC Group
9:05-9:25 | Opening Keynote Address: Investing in Generation Unlimited
- Henrietta H. Fore, Executive Director, UNICEF and Co-Leader, UNSDG Results Group on Partnerships
9:25-10:15 | Keynote Conversation: Exploring the SDGs as a Framework for Maximizing Value Creation and Impact
- Tim Macready, Chief Investment Officer, Christian Super
- Charlotte Petri-Gornitzka, Chair, Development Assistance Committee, Organisation for Economic Co-operation and Development (OECD)
- Jennifer Pryce, President and CEO, Calvert Impact Capital
- Scott Wu, Partner and Head of Investments, Omidyar Network
- Moderator: Amanda Feldman, Director, The Impact Management Project & Bridges Impact+
10:15-11:10 | Keynote Plenary: The Leaders Panel—How to Most Effectively Incorporate the SDGs into Your Investment Strategy
As private capital fund managers across the globe are increasingly looking to the UN Sustainable Development Goals as a potential framework for thinking through investment decisions and ultimately monitoring and measuring overall impact, a handful of leaders have already begun to adopt such an approach. These industry experts will share their insights on both the opportunities and challenges of aligning with the SDGs and will discuss in detail their strategies for evaluating and ultimately quantifying the impact they are making on the companies and communities in which they invest.
- Why are the SDGs a useful impact framework for fund managers? What are the challenges with the main tools, techniques and roles that have been adopted to date in measuring impact—and how do the SDGs compare?
- What are the best approaches to measuring impact? How can private capital firms most effectively align capacity, teams and strategies to the SDGs?
- To what extent are LPs driving the conversation? How are LPs evaluating the SDGs in their allocation decisions and to what extent, if any, have they changed the approach of fund managers?
Speakers
- Runa Alam, Co-Founding Partner and Chief Executive Officer, Development Partners International (DPI)
- Frank Dunlevy, Vice President, Investment Funds Department, Overseas Private Investment Corporation (OPIC)
- Nick O’Donohoe, Chief Executive Officer, CDC Group
- Karima Ola, Partner, LeapFrog Investments
- Sev Vettivetpillai, CEO, LGT Impact
- Moderator: Alistair Fulton, Senior Partner, Environmental Resources Management (ERM)
11:10-11:30 | Networking and Refreshment Break
11:30-11:35 | Setting the Stage: IFC's Nine Principles of Impact Investing
Presenter: Neil Gregory, Chief Thought Leadership Officer, Economics and Private Sector Development, International Finance Corporation
11:35-12:15 | Panel Discussion: Understanding the Evolution of LP Expectations
- What is driving the need for ESG implementation from the LPs’ point of view? Is it a desire for higher returns or reducing risk?
- How are LPs assessing and evaluating potential investments?
- Will demonstrating a return on social value in exits become the norm in the future?
Speakers
- Cindy Hu, Portfolio Manager, Impact Investments, Prudential
- Orli Arav, Managing Director, EMFin Advisory
- David Wilton, Managing Director & CEO, Zheng Partners LLC
- Hany Assaad, ESG Community Chair, EMPEA and Co-Founder, Chief Portfolio and Risk Officer and Chief Compliance Officer, Avanz Capital
- Moderator: Neil Gregory, Chief Thought Leadership Officer, Economics and Private Sector Development, International Finance Corporation
12:15-12:45 | Private Equity’s Role in Delivering the SDGs
EMPEA’s SDG Working Group led the development of this EMPEA report which addresses common challenges investors face when engaging with the SDGs given the breadth of the SDGs, underlying targets and KPIs, both which are set at a national level and may not translate easily to a specific investment. This report also identifies a range of additional challenges that require attention, including attribution of impact, ‘additionality’ and net impact.
This session will illuminate the report findings via a brief report overview and three case study presentations.
SDG Report Overview Presenter:
- Mark Eckstein, Co-Head, SDG Working Group, EMPEA and Director, Environmental and Social Responsibility (ESR), CDC Group
Case Study Presenters:
Shami Nissan, Co-Head, Responsible Investment, Actis
Portfolio Company: Integrated Diagnostic Holdings (IDG)
Founded in 2012 as a result of the merger of Al Mokhtabar and Al Borg Laboratories, Integrated Diagnostics Holdings (IDH) is a medical diagnostics group based in Egypt, with operations in Jordan, Nigeria and Sudan. It provides diagnostic services to patients and other laboratories, including pathology and molecular diagnostics genetics testing and basic radiology. In 2015, IDH listed on the London Stock Exchange (LSE). Actis remains the largest shareholder after the CEO.
Steven Tiller, Co Founder and Managing Partner, Southern Bridge Capital
Portfolio Company: Pablo Mella
Pablo Mella is a large-scale affordable housing development located in Santo Domingo that will contain over 8,500 apartment units when completed. The project commenced sales in 2012 to help tackle the large housing deficit of over 1 million units that exists in the country. SBC is working with its local development partner, government agencies and implementing a study, conducted by UNICEF, to deliver a residential community that provides green areas, security, schools and others services to low income families transitioning from sub-standard informal housing conditions.
Gary Vaughan-Smith, Founding Partner and Chief Investment Officer, SilverStreet Capital
Portfolio Company: Silverlands Tanzania
An integrated agricultural business focusing on the poultry and feed business. Since its inception in 2013 it has become the largest feed and chick producer in Tanzania. The fund has financed the development of the business from scratch: soya processing , the largest feed-mill in East Africa, silo storage complexes, a poultry operation and, distribution centres across Tanzania. It has had a substantial social impact through the development of a market for soya beans with some 9,000 small-holder farmers now growing soya – their incomes have roughly doubled as a result. Additionally the company works with some 23,000 small-holder poultry farmers, over 80% of whom are women. These farmers have also seen substantial increases in profits driven by the availability of high quality feed and more efficient poultry breeds.
12:45-13:30 | Peer-to-Peer Knowledge Sharing Roundtables
The working roundtables are small group discussions designed to allow attendees to discuss in detail issues specific to their segment of the sustainable investing ecosystem. Held under Chatham House rule to encourage an open dialogue, delegates will be pre-assigned to a discussion group. Delegates will have the opportunity to rank their preferred discussion topics and will also have the opportunity to submit their preferred discussion points as guidance for the facilitator.
Roundtable One: Family Offices/Foundations/Endowments (Tudor Rose Room)
There is a growing array of investment strategies being grouped under the umbrella term of "impact investing", and the promise of achieving both strong financial and social/environmental returns can be of huge appeal to family offices and foundations. However, this describes a huge variety of investment opportunities covering public and private markets, multiple asset classes and substantial geographic diversification. There is also an increasing debate about the circumstances in which there may be trade-offs between financial returns and creating deep social and environmental impact. This highlights the importance for family offices and foundations to clearly articulate both their financial and impact goals in order better define the subset of opportunities that are most applicable to their organisaton. The co-facilitators will provide their take on this important definitional question, hoping to stimulate a discussion about the exciting opportunities for family offices and foundations to help build the impact investing market.
Facilitators:
- Harry Davies, Manager, PRI Investments, Cerniath, LLC
- David Evans, Chief of Global Philanthropy, UNICEF
- Mark Florman, Founder, Times 3 Capital
Roundtable Two: Sovereign Wealth and Pension Funds (Oak Room)
Sustainable investing among pension and sovereign wealth funds is growing, catalysed by emerging policies, regulations, laws and a desire to address the world’s most pressing problems. Despite this, understandings of what sustainable investing actually means are still evolving and recent research suggests a perceived conflict between fiduciary duties and sustainable investing remain a barrier. How can large owners solve this issue? Are the UN Sustainable Development Goals a useful investment framework for this type of organisation. On the other hand, what do LPs expect from GPs and their alignment with long-term sustainability goals? Participants will have the chance to share successful and challenging experiences on this subject and to learn from others. Discussion will be encouraged with the aiming of end up with a list of practical takeaways and lessons.
Facilitators:
- Archie Beeching, Head of Private Markets, UN Principles for Responsible Investment (PRI)
- Javier Capapé, PhD, Adjunct Professor of IE Business School and Director, IE-Sovereign Wealth Lab
Roundtable Three: General Partners/Fund of Funds - How To Set Impact Goals And Manage Performance (Ballroom)
The Impact Management Project (IMP) is a collaborative effort by over 2,000 practitioners to agree on a shared norms for how we talk about, measure and manage impact. In the spirit of convening a broad base of stakeholders to agree on impact management norms, this workshop is designed for GPs to explore the topic in detail, with a focus on assessing impact performance and setting impact goals. Participants will also have a chance to be part of the co-creation process, as we discuss and converge on definitional boundaries for talking about, measuring and managing impact.
Facilitators:
- Amanda Feldman, Director, The Impact Management Project & Bridges Impact+
- Brian Lim, Partner and Head of Asia and Emerging Markets Investment Team, Pantheon and Asia Council Chair, EMPEA
- Steve Okun, ASEAN Representative, EMPEA
13:30-14:25 | Networking Luncheon
14:25-15:15 | Concurrent Session: Blended Finance - Lessons Learned
While blended finance is touted as an innovative way to mobilize commercial investment opportunities through concessionary finance from DFIs, governments and NGOs, it also adds additional complexity and challenges. This panel will discuss lessons learned from both commercial investors and their development-oriented counterparts.
- What has worked well in the past and what has not?
- What are the continued challenges of blended finance?
- What should DFIs and other non-profit organizations need to do to attract further commercial investors?
- Jake Cusack, Managing Partner, CrossBoundary
- Philip Moss, Head, Sustainable Development Investment Partnership and Blended Finance, World Economic Forum
- Neil Pierre, Chief, Strategic Engagement and Policy Integration Branch, Financing for Sustainable Development Office, United Nations
- David Rossow, Deputy Director, Program-Related Investments, Bill & Melinda Gates Foundation
- Maria Teresa Zappia, Chief Investment Officer, BlueOrchard Finance SA
- Moderator: Patricia Dinneen, Impact Investing Council Chair and Senior Advisor, EMPEA
14:25-15:15 | Concurrent Session: Scaling Impact by Integrating ESG in the Investment Cycle
- What are key characteristics of a framework to manage ESG risks and opportunities?
- How can ESG integration improve and enhance the value of an investment?
- Please identify portfolio company case studies to highlight best practices around ESG integration
- Anne Hutton, Senior Banker, European Bank for Reconstruction and Development (EBRD)
- Florian Kemmerich, Managing Partner, Bamboo Capital Partners
- Robert Petty, Co-Founder Clearwater Funds / Co-CEO and Co-CIO Fiera Capital (Asia)
- Ashwin Roy, Managing Partner and Chief Investment Officer, Surya Capital
- Oriane Schoonbroodt, Co-Founder & Executive Director, Label R
- Moderator: Simon Abrams, Head of UKI ESG Transaction Support, EY
15:15-16:00 | Workshops
The workshops are small group discussions designed to allow attendees to discuss in detail a particular topic. Held under Chatham House rule to encourage an open debate, delegates will be pre-assigned to a discussion group. Delegates will have the opportunity to rank their preferred discussion topics and will also have the opportunity to submit their preferred discussion points as guidance for the facilitator.
- Workshop One: Climate and Renewable Power | Balcony Room
- Facilitator:
- Amy Bailey, Associate General Counsel, Overseas Private Investment Corporation (OPIC)
- Alistair Fulton, Senior Partner, Environmental Resources Management (ERM)
- Scott G. Mackin, Managing Partner and Co-President, Denham Capital
- Workshop Two: Food Production | Oak Room
- Facilitators:
- Gary Vaughan-Smith, Founding Partner and Chief Investment Officer, SilverStreet Capital
- Aly-Khan Jamal, Partner, Dalberg Advisors
- Workshop Three: Gender | Ballroom
- Facilitators:
- Shruti Chandrasekhar, Head, SME Ventures, International Finance Corporation
- Heather Kipnis, Entrepreneurship Lead, Gender Secretariat, International Finance Corporation
- Workshop Four: Education | Tudor Rose Room
- Facilitator:
- Sandrine Henton, Founder, Educate Global Fund (EGF)
- Gayle Peterson, Associate Fellow, Said Business School, Oxford University and Director, Oxford Impact Investing and Social Finance Programmes
- Workshop Five: Job Quality/Decent Work | Silver Gallery/Drawing Room
- Facilitator:
- Guy Alexander, Manager, Environmental & Social Responsibility, CDC Group
- Workshop Six: Financial Inclusion | Ballroom
- Facilitator:
- Efayomi Carr, Investment Associate, Quona Capital
- Shade Duffy, Head of Corporate Governance, Responsible Investments, AXA Investment Managers
16:15-17:05 | Sustainable and Investible Innovate Financing Platforms for Access to Health in Emerging Markets
Speakers:
- Afsane Jetha, Managing Partner and CEO, Alta Semper Capital
- Clifford Samuel, Senior Vice President, Access Operations & Emerging Markets, Gilead Sciences
- Joanne Manrique, President, Center for Global Health and Diplomacy
- Onno Schellekens, Chief Executive Officer, CarePay International, & Chairman,
Joep Lange Institute - Geetha Tharmaratnam, Partner—Africa and Head of Impact, LGT Impact
- Moderator: Philipp von Holst, International Counsel, Debevoise & Plimpton LLP
17:05-17:15 | EMPEA’s ESG Member Community Working Group Presentations
Introduced by: Kyoko Terada, Managing Director, EMPEA
Governance: Walter van Helvoirt, Governance Working Group Co-Head, EMPEA and Environmental & Social Officer, FMO
Gender Parity: Laura Kemp–Pedersen, Gender Parity Working Group Co-Head, EMPEA and Chief Marketing Officer, LeapFrog Investments
17:15-17:50 | Sustainability and Operational Excellence Challenge
The top three finalists from the EMPEA Institute’s Sustainability and Operational Excellence Challenge will present stories of private equity deals that produced an outstanding sustainable impact from an operational, environmental, social and governance perspective.
Introduced by: Natasha Buckley, Senior Manager, Private equity programme, UN Principles for Responsible Investment (PRI)
Judges Panel:
- Natasha Buckley, Senior Manager, Private equity programme, UN Principles for Responsible Investment (PRI)
- Shawn Cole, John G. McLean Professor of Business Administration, Finance Unit, Harvard Business School
- Gayle Peterson, Associate Fellow, Said Business School, Oxford University and Director, Oxford Impact Investing and Social Finance Programmes
THE THREE FINALISTS ARE:
Bandhan Bank Limited
GP: IFC, a global development institution focused exclusively on the private sector in developing countries, and IFC Asset Management Company (AMC), a wholly owned subsidiary and captive private equity arm of IFC
Represented by Swapnil K. Neeraj, Principle Investment Officer, IFC and Ioannis Mergos, Senior Investment Manager, AMC
Nepra Resource Management Pvt. Ltd.
GP: Aavishkaar, an early-stage investor focused on catalyzing development in India’s underserved regions
Represented by Ajay Maniar, Partner, Aavishkaar and Sandeep Patel, Managing Director, Nepra Resource Management Pvt. Ltd.
Rio Energy
GP: Denham Capital, an energy and resources-focused private equity firm investing in oil / gas, power and mining
Represented by Sabine Chalopin, ESG Manager, Denham Capital
17:50 | Sustainability and Operational Excellence Audience Voting and Award Presentation
You decide. Audience members will vote on the most compelling case study presented and an award will be presented for the most outstanding and impactful private equity deal.
17:55-18:00 | Closing Remarks
- Hany Assaad, ESG Community Chair, EMPEA and Co-Founder, Chief Portfolio and Risk Officer and Chief Compliance Officer, Avanz Capital
18:00-21:00 | EMPEA and AVCA Inaugural Reception
Organized by EMPEA and AVCA and supported by White & Case and Dalberg Advisors
No.4 Hamilton Place
Advanced Online Registration Required
Registration Closes at Noon on Tuesday October 23
Cadmium Online Registration
