Events

UNEP FI 2003 Global Roundtable

Sustaining Value: A Meeting on Finance and Sustainability

20-21 October, 2003 | Tokyo, Japan

Agenda: SRI in Emerging Markets

• Is SRI truly 'sustainable' if it does not reach the emerging markets? - the business case and the development case for SRI in the emerging markets.
• Who is doing what, how and why? - existing and potential SRI activity, demand and capacity in the emerging markets.
• Moving the market? - new initiatives to improve incentives and reduce barriers for SRI in emerging markets.

Speakers

Mr. Dan Siddy - Head, Sustainable Financial Markets Facility, Environment & Social Development Department, International Finance Corporation (IFC)
Presentation (PDF: 435 KB)

Mr. Lawrence Pratt - Associate Director, Latin American Center for Competitiveness and Sustainable Development, INCAE
Presentation (PFD: 395 KB)

Mr. Pedro Angeli Villani - SRI Portfolio Manager, ABN AMRO Ethical FIA - AAAM Brazil
Presentation (PDF: 1.8 MB)

Mr. Akihiro Tokuno - Executive Director / Senior Equity Strategist, Financial Research Centre, Nomura Securities, Co., Ltd.; Visiting Professor, Chuo Graduate School of Accounting, Chuo University
Presentation (PDF: 164 KB)

Chair
Mr. Carlos Joly - Chair, UNEP FI Insurance Industry Initiative; Co Chair, UNEP FI Asset Management Working Group

Speaker Biographies

Mr. Dan Siddy - Head, Sustainable Financial Markets Facility, Environment & Social Development Department, International Finance Corporation (IFC)

Dan Siddy is head of the International Finance Corporation's Sustainable Financial Markets Facility (SFMF). IFC is the private sector arm of the World Bank Group. Its mission is to promote sustainable private sector investment that reduces poverty and improves people's lives. IFC has committed more than $31 billion and has arranged a further $20 billion in syndications for more than 2,600 companies in 140 developing countries (www.ifc.org).

IFC established SFMF in July 2002 with the support of the Swiss, Dutch and Norwegian governments as a grant-funded program to promote environmentally and socially sustainable lending and investment practices by the financial sector in emerging markets. The Facility undertakes a wide range of awareness raising, capacity building, market research, advisory and best practice development activities.

Prior to joining IFC's Environment & Social Development Department, Dan worked for the international environmental consulting group ERM and as a consultant to the European Bank for Reconstruction and Development. A British national, he has specialized in sustainable finance in the emerging markets since 1995.

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Lawrence Pratt - Associate Director, Latin American Center for Competitiveness and Sustainable Development, INCAE

Since 1996, Lawrence Pratt has been Associate Director of the Latin American Center for Competitiveness and Sustainable Development (CLACDS) at the Central American Institute of Business Administation (INCAE), in Alajuela, Costa Rica. He directs the sustainable development programs of the Center and teaches Environmental Strategy and Environmental Policy in INCAE's Masters and Executive Masters programs.

Mr. Pratt serves as a consultant and advisor to various multilateral organizations, manufacturing, natural resources and financial services companies in the United States, Latin America and Europe. Previously he was Senior Policy Analyst at the Environmental Law Institute in Washington, DC, and was part of the team that developed the ground-breaking Toxic Release Inventory Program at the U.S. Environmental Protection Agency.

He is a graduate of the College of William and Mary in Williamsburg, Virginia, and holds as Masters of Public and Private Management degree from Yale University in New Haven, Connecticut.

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Mr. Pedro Angeli Villani - SRI Portfolio Manager, ABN AMRO Ethical FIA - AAAM Brazil

Pedro Villani has been working since 2001 in the SRI equity market in
Brazil. He is the Portfolio Manager of Fundo Ethical, the first SRI fund in
Latin America. The Fund was launched in Nov, 2001 and it is managed by ABN AMRO Asset Management.

He graduated in Accounting in 1981 and received an MSc degree in Business Administration at University Mackenzie in Sao Paulo Brazil. Most of his professional carreer has been dedicated to mainstream company research and equity portfolio management in Latin American markets.

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Mr. Akihiro Tokuno - Executive Director / Senior Equity Strategist, Financial Research Centre, Nomura Securities, Co., Ltd.; Visiting Professor, Chuo Graduate School of Accounting, Chuo University

Education:
1986-88 University of Tokyo, Faculty of Liberal Arts
1988-90 University of Tokyo, Faculty of Law
1990 Bachelor of Art (Public Law), University of Tokyo
1998-99 University of Cambridge (Trinity Hall), Faculty of Economics and Politics
1999 Diploma in Economics, University of Cambridge
1999-00 University of Cambridge (Queens' College), Faculty of Social and Political Science
2000 M.Phil in Sociology and Politics of Modern Society, University of Cambridge
2001 Registered as a candidate for PhD Degree, University of Cambridge

Teaching Experience:
2002- Visiting Professor, MBA programme (Financial market theory),
Chuo Graduate School of Accounting, Chuo University

Employment History:
1990-94 Economist, Centre for Policy Research, Nomura Research Institute, Ltd.
1992 Senior Economist, Nomura Research Institute, Europe Ltd. (Budapest Office)
1994-96 Strategist, Investment Research, Nomura Research Institute, Ltd.
1997- Senior Strategist, Financial Research Centre, Nomura Securities Co. Ltd.

Publications:
1992/4 Reclamation of the Former USSR towards 21st Century, NRI (In Japanese, collaboration)
1994/10 Asian Economies make progress through FDI,
NRI & Tokyo Club Foundation for Global Studies (In Japanese, collaboration)

Major Theses:
1994/2 The Recent Changes in FDI Strategies of Japanese Firms in Electronics/Electrical Machinery Industries in Asia, Tokyo Club Foundation for Global Studies
1995 Evolving Foreign Investment Strategies of Japanese Firms in Asia in Nomura Research Institute and Institute of Southeast Asian Studies, in "The New Wave of Foreign Direct Investment in Asia" 1995
1995/11 A Quantitative Analysis of the Emerging Markets, Zaikai-Kansoku (in Japanese, with Satake)
1997/1 A Study of the Determinants of Exchange Rates in Asia, Zaikai-Kansoku (in Japanese, with Ikeda)
2000/6 Sequencing and Privatisation: A Study of the Russian Transition, M.Phil Dissertation (mimeo), University of Cambridge
2003/4 Socially Responsible Investing of Japanese Pension Funds, Zaikai-Kansoku (in Japanese)

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Carlos Joly, Chair, UNEP FI Insurance Industry Initiative

Carlos lectures, writes, and provides advice in the fields of socially responsible investing, business ethics and corporate social responsibility. Until 31 May, 2003 he was Senior Vice President of Storebrand Investments ($20 billion in funds under management) and headed its branches in London, Paris and Stockholm.

He is the founder of Storebrand Principle Funds, which champion environmental and social criteria in portfolio management for competitive returns. Prior to Storebrand, he was founder and Managing Director of Vesta Funds/ Skandia Funds (Norway). In the eighties, Carlos worked at Citibank, as a Vice President in New York, London, and Buenos Aires. He is Chair of the UNEP Insurance Industry Initiative and Co-Chair of the UNEP FI Asset Management Working Group.

Carlos has lectured at Oxford, Cambridge, Yale, Kellogg Business School, Haute Ecole de Commerce, and Universite de Paris-Dauphine. He has Co-Chaired the World Business Council for Sustainable Development's working group on Shareholder Value and the Environment. In 1996 he received the Environmental Leadership Award, awarded by Tomorrow Magazine. He is on the board of several cultural institutions.

Carlos has an A.M. in Philosophy from Harvard University.

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