Sustainable Finance Week

Mobilising private capital for the sustainable agenda 
Tuesday 08 June 2021

Sustainable Finance Week - Tuesday

Welcome & Introduction

Barnaby Molloy

Director - Guernsey Finance

Barnaby joined Guernsey Finance in October 2016, focused on delivering a marketing strategy which can successfully promote and connect Guernsey as the leading finance sector in its chosen markets. Barnaby joins with over 10 years of international marketing experience across Digital and TV, having most recently worked as Head of Marketing in the UK for the world’s largest casino company.

Session One - Keynote

Claire O’Neill

Former UK Minister - Climate Change and Energy

Claire O’Neill served as a UK Member of Parliament from 2010-2019, held Ministerial positions as a Government Whip and in the Department for Transport and then was the UK Minister for Climate Change and Energy from 2017 when she is widely credited with driving the acceleration and expansion of the Government’s decarbonisation and Clean Growth plans.

During this time, Claire wrote and implemented the UK’s Clean Growth and Green Finance Strategies, created the global Powering Past Coal Alliance, oversaw the deployment of £3 billion of International Climate Finance and £200 million of cleantech innovation funding, negotiated the world’s first public-private Offshore Wind Sector Deal and led the UK Carbon Capture and Storage taskforce. In 2019 she brought forward the country’s ground-breaking Net Zero legislation and led the UK’s winning bid to host the United Nations Climate Change Conference (COP26). She served as COP26 President-Designate until she left politics in 2020.

Claire is now the Managing Director for Climate and Energy at the World Business Council for Sustainable Development. WBCSD has been the leading voice for business sustainability for over 25 years and is a global CEO-led organisation representing a combined revenue of over $8 trillion and 19 million employees. She also runs a private climate advisory consultancy and has several non-executive Director and corporate advisory roles.

Session Two - Fireside chat

James Alexander

Chief Executive - UK Sustainable and Investment Finance Association

James has a background in international climate finance and infrastructure finance as well as many years’ experience in leadership roles in membership organisations. Most recently, James supported global megacities to overcome the substantial barriers to financing climate action as Director of the City Finance Programme at the C40 Cities Climate Leadership Group and Head of the C40 Cities Finance Facility – a project preparation facility he developed, now supporting cities across the world to structure nearly a billion dollars of sustainable infrastructure transactions.

Rongrong Huo

Executive Director - Ninety One plc

Ms Huo is Executive Director, Head of Investment Institute at Ninety One plc, an asset management business which is dual-listed on the London Stock Exchange and the Johannesburg Stock Exchange.

Prior to joining the firm, she spent 12 years in investment banking at HSBC. As Co-Head of Sustainable Finance within Global Banking and Markets, she was responsible for green and sustainable product innovation across financing and investment.

Ms Huo chairs the international workstream for the City of London’s Green Finance Initiative and leads overall China engagement. She sits in the Senior Steering Group for the UK Government’s Green Finance Institute and is also the Chair of the UK’s ESG Leadership Forum.

Ms Huo was recognised by Financial News as one of the 100 most Influential Women in Finance for three consecutive years and has also won the Chinese Business Leaders Award for Excellence in Banking.

Kay Swinburne

Vice Chair of Financial Services - KPMG UK

Kay is Vice Chair of Financial Services KPMG UK, and previously served as Vice Chair of the European Parliament’s influential Economics and Monetary Affairs Committee, playing a pivotal role in shaping EU and global financial services legislation. This included setting up the EU supervisory bodies (ESAs, SSM, SRM), capital markets union (EMIR, MiFID II, Prospectus, CCP Recovery & Resolution), and the broader banking union files. Prior to Kay’s career as an MEP, Kay worked in investment banking. She brings a unique insight to policy 'behind the scenes' and the reality of Brexit in the aftermath of 31 January 2020.

Claire O'Neill (Moderator)

Former UK Minister - Climate Change and Energy

Claire O’Neill served as a UK Member of Parliament from 2010-2019, held Ministerial positions as a Government Whip and in the Department for Transport and then was the UK Minister for Climate Change and Energy from 2017 when she is widely credited with driving the acceleration and expansion of the Government’s decarbonisation and Clean Growth plans.

During this time, Claire wrote and implemented the UK’s Clean Growth and Green Finance Strategies, created the global Powering Past Coal Alliance, oversaw the deployment of £3 billion of International Climate Finance and £200 million of cleantech innovation funding, negotiated the world’s first public-private Offshore Wind Sector Deal and led the UK Carbon Capture and Storage taskforce. In 2019 she brought forward the country’s ground-breaking Net Zero legislation and led the UK’s winning bid to host the United Nations Climate Change Conference (COP26). She served as COP26 President-Designate until she left politics in 2020.

Claire is now the Managing Director for Climate and Energy at the World Business Council for Sustainable Development. WBCSD has been the leading voice for business sustainability for over 25 years and is a global CEO-led organisation representing a combined revenue of over $8 trillion and 19 million employees. She also runs a private climate advisory consultancy and has several non-executive Director and corporate advisory roles.

Session Three - Keynote

Dr Ben Caldecott

Founding Director - Oxford Sustainable Finance Programme

Dr Ben Caldecott is the founding Director of the Oxford Sustainable Finance Programme at the University of Oxford Smith School of Enterprise and the Environment.

He is the inaugural Lombard Odier Associate Professor and Senior Research Fellow of Sustainable Finance at the University of Oxford, the first ever endowed professorship of sustainable finance, and a Supernumerary Fellow at Oriel College.

Ben is also the founding Director and Principal Investigator of the UK Centre for Greening Finance & Investment (CGFI), established by UK Research and Innovation in 2021 as the national centre to accelerate the adoption and use of climate and environmental data and analytics by financial institutions internationally.

Ben specialises in environment, energy, and sustainability issues and works at the intersection between finance, public policy, and the academic world, having held senior roles in each domain.

Rosie Allsopp (moderator)

Communications Manager - Guernsey Finance

Rosie is a writer, broadcaster and editor with more than 20 years’ industry experience. She trained at the Press Association-affiliated Editorial Centre in Hastings. Her background is primarily in print journalism, writing and editing for newspapers and magazines, specialising in business, politics and technology. She also has broadcast experience in radio.

Session Four

Annette Alexander

Partner - Carey Olsen

Annette Alexander is a Partner at Carey Olsen in Guernsey. She qualified as a lawyer in her native Australia before moving to the island and joining Carey Olsen in 2001.

Annette advises on a broad range of corporate matters with a particular emphasis on the establishment, regulation and operation of investment funds, regulatory compliance, capital markets and banking and finance.

Tim Hames

Former Director-General - BVCA

Tim Hames was the Director General of the British Private Equity and Venture Capital Association (BVCA) from 2013-2019, having previously been its Head of Public Affairs, Communications and Campaigns.

Tim started his career as a lecturer in Politics at Oxford University (1989-1996) where he specialised in US and UK Government. He moved to The Times newspaper (1996-2008) where he became Assistant Editor, Chief Leader Writer and a columnist, and regularly edited the newspaper from 2006-2008. He also served in a part-time, personal, capacity, as Special Adviser to the Speaker of the House of Commons (2009-2019), giving him a unique Whitehall and Westminster network.

Tim has continued to write for academic publications and has extensive links with the university sector, multiple independent research institutions and an array of think tanks and lobby groups.

Gordon Power

Chief Investment Officer - Earth Capital

Gordon is Chief Investment Officer for Earth Capital (EC) and Co-Founder of Earth Capital Holdings (ECH) with Stephen Lansdown, EC’s holding company. Established in 2008, ECH is a global private equity investment group with $1.7bn AUM. The company’s mission is to raise and deploy capital into sustainable technology businesses focused across the themes of energy, food and water.

Gordon has more than 35 years of private equity experience. His investment track record extends to more than 256 investments made over the last 34 years, generating an IRR of 28.5%. During this time, he has made 33 investments in sustainable technology within areas such as forestry, plastic recycling, eco-friendly building materials and brand packaging, which have generated an IRR at 1.6 times higher return than his non-sustainable investments.

In addition, Gordon is Director and Investment Committee member at Berkeley Energy Ltd and Director of Sustainable Development Capital Ltd (SDCL) as well as several portfolio companies.

Sally Rochester (Moderator)

Risk and Regulation, Director - Deloitte LLP

Sally joined Deloitte in 2013 and is now based in Guernsey. After qualifying, Sally moved to the British Virgin Islands to help set up an audit office for one of the Big Four. During this time, she worked on hedge funds, fund administration and was seconded as financial controller to the Virgin group.

In 2009, Sally took on the role of Head of Internal Audit for an offshore bank, overseeing the provision of internal audit services across the wealth management and banking service lines in its offshore locations. She has a wealth of experience in external audit for insurance, wealth management and fund management, and internal audit across retail and corporate banking, fund administration, trust, structured products and captives. She is also experienced in regulatory advice and support for licensed businesses, regulator lead projects and audit teams.

Session Five

Jessica Matthews

Managing Director Global Head of Sustainable Investing/Private Bank - J.P. Morgan

Jessica Matthews is the Global Head of Sustainable Investing at J.P. Morgan Private Bank, and brings over a decade of sustainable and impact investing expertise. In this role she leads the development and execution of the private bank’s sustainable investing offering and focuses on expanding the platform of sustainable investing managers, developing thought leadership, and working with clients to integrate their social and environmental goals with their long-term investment objectives.

Prior to joining J.P. Morgan, Jessica was Cambridge Associates’ Global Head of Mission-Related Investing (MRI), where she oversaw and coordinated the activities of all MRI resources across the firm and advised clients on their MRI programs. She previously worked with government clients in the financial services sector at Booz Allen Hamilton, in the investment office at the American Red Cross, and in the Global Consultant Relations Group at BlackRock. Jessica began her career with Cambridge Associates as a consulting analyst.

Jeremy McDaniels

Senior Advisor, Sustainable Finance - Institute of International Finance

Jeremy leads the sustainable finance agenda of the Institute of International Finance (IIF), the global association of the financial sector. He is responsible for delivery of the IIF's Sustainable Finance Working Group (SFWG), strategic projects, new and emerging sustainable finance policy issues (such as climate risk assessment), market development and innovation. Jeremy leads the IIF’s engagement on sustainable finance policy and regulatory issues with international standard-setting entities (e.g. BCBS, IAIS, IOSCO), regulators, and multilateral entities. Prior to the IIF, Jeremy worked with the United Nations Environment Programme (UNEP), where he served as Head of Secretariat of the Sustainable Insurance Forum (SIF), and co-founded of the International Network of Financial Centres for Sustainability (FC4S). As a member of the UNEP Inquiry on Sustainable Finance, Jeremy supported multilateral processes on sustainable finance at the G20 and G7 levels and contributed to the development of sustainable finance strategies in more than 10 countries. A graduate of the University of Oxford, Jeremy has published research a range of on climate risks issues, including the management of stranded assets.

Tim Mohin

Executive Vice President and Chief Sustainability Officer - Persefoni AI

Tim is Executive Vice President and Chief Sustainability Officer at Persefoni AI, a fast-growing climate tech startup focused on carbon accounting. Formerly, he served as chief executive of the Global Reporting Initiative, where he helped develop the ESG reporting framework used by many Fortune 500 companies. Tim also held sustainability leadership roles with Intel, Apple and AMD and worked on environmental policy within the U.S. Senate and U.S. EPA. He's also the author of Changing Business from the Inside Out.

Jacques Vermeulen

Chief Commercial Officer - IQ-EQ

Jacques has 18 years’ experience in fund administration in an offshore, regulated environment as well an in an onshore financial services centre.

Jacques started his career with Northern Trust and has been with IQEQ for 12 years, joining the Guernsey office in 2009. He has launched regulated and licensed GPs and funds, and is well versed in the administration, company secretary and regulatory compliance functions on a wide variety of entities.

Jacques has extensive board experience, having acted as a GFSC approved Director on GPs and Licensees since 2014, including real estate boards. In 2019, Jacques relocated to IQEQ New York, where he joined the leadership team as the Client Services Director. During a two-year secondment to New York, Jacques was appointed to the board of the US business, oversaw operations, launching new funds and covering the sales and business development function of IQ-EQ (US) Inc, with notable success.

Claire O'Neill (Moderator)

Former UK Minister - Climate Change and Energy

Claire O’Neill served as a UK Member of Parliament from 2010-2019, held Ministerial positions as a Government Whip and in the Department for Transport and then was the UK Minister for Climate Change and Energy from 2017 when she is widely credited with driving the acceleration and expansion of the Government’s decarbonisation and Clean Growth plans.

During this time, Claire wrote and implemented the UK’s Clean Growth and Green Finance Strategies, created the global Powering Past Coal Alliance, oversaw the deployment of £3 billion of International Climate Finance and £200 million of cleantech innovation funding, negotiated the world’s first public-private Offshore Wind Sector Deal and led the UK Carbon Capture and Storage taskforce. In 2019 she brought forward the country’s ground-breaking Net Zero legislation and led the UK’s winning bid to host the United Nations Climate Change Conference (COP26). She served as COP26 President-Designate until she left politics in 2020.

Claire is now the Managing Director for Climate and Energy at the World Business Council for Sustainable Development. WBCSD has been the leading voice for business sustainability for over 25 years and is a global CEO-led organisation representing a combined revenue of over $8 trillion and 19 million employees. She also runs a private climate advisory consultancy and has several non-executive Director and corporate advisory roles.

Closing Remarks with Carey Olsen

David Crosland

Partner - Carey Olsen

David undertakes a wide range of corporate transactions with a particular experience in the launch of investment funds.

He is regularly instructed by fund managers, UK and international law firms and other financial services firms on the launch, administration, restructuring and listing of both closed and open-ended investment funds.

As well as private funds, David has advised funds that are listed on the LSE, AIM, Euronext and TISE.

David has been named as one of three ‘global elite thought leaders’ for the offshore region in the 2019 Who’s Who Legal Private Funds Guide.