THURSDAY, MARCH 16TH
7:30 – 8:30 AM | Breakfast & Registration
8:45 – 9:00 AM | Morning Introduction
Jameela Pedicini, Director, Perella Weinberg Partners
9:00 – 9:50 AM | Advisor Keynote: Sister Patricia Daly, OP, Director Emeritus, Tri-State Coalition for Responsible Investment
Patricia Daly, OP is a Dominican Sister of Caldwell, NJ and has worked in Corporate Responsibility and Socially Responsible Investing for 40 years. She serves as the Director Emeritus of the Tri-State Coalition for Responsible Investment after 23 years as Executive Director. Pat is also the Corporate Responsibility Representative for the Sisters of St. Dominic of Caldwell, NJ. With members of the Interfaith Center on Corporate Responsibility, Pat has worked with companies on issues of human rights, labor, ecological concerns, militarism, equality, health and tobacco, and international debt and capital flows. Pat has played a role in forcing General Electric to pay for a clean-up of the Hudson River, and since the late 1980s has been instrumental in placing climate change on the agendas of companies, especially in the utility, auto, and oil and gas sectors. Sister Pat is the recipient of the 2014 Joan Bavaria Award, presented by Ceres and Trillium Asset Management. Pat serves on the Advisory Board of the Lamont Doherty Earth Observatory at Columbia University and the Earth Council of the Dominican Sisters.
9:50 – 11:05 AM | Plenary
Reimagining Capitalism: The Path Towards Sustainable Value Creation
What will capitalism look like in 2050? Shifting demographics, technological advances, natural resource availability, climate risk, and evolving social values are redrawing the investment landscape. The confluence of these trends will change the needs, requirements, and behaviors of investors and stakeholders alike. Against this backdrop, an increasing number of forward-looking organizations, individuals, and policymakers are questioning the long-term viability of today’s dominant form of capitalism and examining the purpose of capital in a healthy and sustainable economy. Broadly advocating for a paradigm shift by reforming capital markets to address real social, economic, and business needs, these visionaries are proposing values-based advancements to the current system. This panel will discuss how innovators are reimagining capitalism, the short-term implications of their actions, and how others can follow suit.
- Danielle Beavers, Diversity and Inclusion Director, The Greenlining Institute
- John Goldstein, Managing Director, Goldman Sachs Asset Management
- Steve Howard, Former Chief Sustainability Officer, IKEA Group
- Susan Mac Cormac, Partner, Morrison & Foerster
- Greg Nelson, Fellow, Aspen Institute Future of Work Initiative (Moderator)
- Aaron Walker, Founder & CEO, Camelback Ventures
11:05 - 11:15 | Special Announcements
Finance for Social Change: A Special Announcement
Ellen Dorsey, Executive Director, Wallace Global Fund
The Climate Solutions Challenge Announcement
Dana Lanza, CEO, Confluence Philanthropy and Jason Scott, Co-Managing Partner, Encourage Capital
11:15 - 11:30 | Break
11:30 AM – 12:45 PM | Concurrent Sessions (Choose one)
Impact Investing in Immediate Disaster Recovery Work
Organized by Community Capital Management
Katrina is unfortunately only one example of a natural disaster that prompted an all-hands-on-deck response from local and national foundations and investment managers. Impact investors with well developed policies and procedures for grant, PRI and investment decisions often have to throw out their playbook when disaster strikes. Panelists will share examples from response efforts from around the country and talk about what can be put in place to be prepared for the unexpected. Discussion will focus around the need and creation of new investment products to build preparedness for these events.
- Liza Cowan, Executive Director, JPMorgan Chase & Co.
- Robert Ottenhoff, CEO, Centre for Disaster Philanthropy
- David Sand, Chief Investment Strategist, Community Capital Management (Moderator)
- Michelle Whetten, Vice President, Enterprise Community Partners
LGBT Corporate Engagement by Mission-based Investors: A Case Study in Leveraging Assets
Organized by Cleanyield Asset Management
A small number of LGBT mission-based foundations, working both independently and in collaboration with impact investment management firms, have for a number of years pursued complementary advocacy and engagement strategies to positively impact corporate behavior on LGBT issues. Their efforts have been very successful, resulting in workplace policy improvements at an estimated 200 corporations. The panel will offer insights into the strategies, methods, and experiences of these grantors and asset managers, and how they see this issue developing as the LGBT movement struggles to secure its gains against new forms of backlash and address discrimination faced by LGBT people worldwide.
- Shelley Alpern, Director of Social Research & Advocacy, Clean Yield Asset Management (Moderator)
- Kris Hermanns, CEO, Pride Foundation
- Matt Patsky, CEO, Trillium Asset Management
- Tim Smith, Director of ESG Shareowner Engagement, Walden Asset Management
Building Resilience through Investment in Livelihoods
Organized by Ceniarth, LLC
For many impact investors, resilience is most closely linked to climate, environmental, or resource sustainability concerns. The reality however is that for billions of people around the world living at or near poverty levels, economic resilience is a far more pressing issue. With limited or no savings, getting injured or ill, can mean the difference in being able to make school payments for children or loan payments for small businesses. This panel will tackle how to invest in economic resilience. In this session, we’ll explore mechanisms such as micro-savings and micro-insurance, and will feature some of the most innovative organizations working to improve livelihoods in underserved regions.
- Brian Heese, Director, Investor Relations, One Acre Fund
- Janet McKinley, Founder, Advance Global Capital
- Greg Neichin, Director, Ceniarth LLC (Moderator)
- Andrea Phillips, Founder & Principal, Maycomb Capital
Truth, Marketing, and Gaming the System: The Ecosystem of ESG
Organized by Aperio Group
In this session, we will explore the ESG data that managers, advisors, consultants and asset owners are relying on to make appropriate investment decisions in alignment with their mission and values. While investment data has improved dramatically over the past decade, it is not perfect — and it is important to understand the ratings ecosystem in order to use the data wisely. In the session we will discuss challenges including the relationship between rating systems and investment decision making, the role that analytics play in improving sustainability, and whether companies independently improve their sustainability performance without ratings.
- Mark Bateman, Director of SRI/ESG Research, Aperio (Moderator)
- Julie Gorte, Senior Vice President for Sustainable Investing, Pax World Management
- Vanessa Tucker, Vice President for Analysis, Freedom House
Green Investments Matter
Organized by Tamalpias Trust
Utility-scale renewable energy generation in developing countries has the potential to foster social, environmental, and cultural development while lowering the cost of electricity. However, structural inequalities and powerful perverse incentives render rural and indigenous communities acutely vulnerable to abuse and violation of their rights. The resulting social risk often materializes in conflict, cost overruns, and project failures. Institutional Environmental, Social, and Governance (ESG) safeguards are failing to effectively mitigate these obstacles. Comprehensive risk mitigation is essential to attracting clean energy investment, particularly from institutional investors. In this session, we’ll analyze the challenges that conventional utility-scale green energy developments pose to both investors and local communities. Panelists will share creative alternative approaches mitgation that increase the social value and resilience of renewable energy projects, including enhanced due diligence; alternative project development models; and collective leadership and governance with effective participation of indigenous and other vulnerable communities.
- Jen Astone, Executive Director, Swift Foundation (Co-Moderator)
- Jaune Evans, Executive Director, Tamalpias Trust (Co-Moderator)
- Winona LaDuke, Executive Director, Honor the Earth
- Sergio Oceransky, Founder and Co-Director, Yansa CIC
- Nashieeli Valencia Núñez, Member, Articulation of Indigenous Peoples of the Isthmus of Tehuantepec in Defense of the Territory
Geoengineering: The Good, the Bad, and The Unknown
Organized by The V. Kann Rasmussen Foundation
Climate engineering (also often referred to as climate geoengineering or simply geoengineering) is defined as large-scale, deliberate intervention in Earth systems to counteract climate change. Whether involving the removal of carbon dioxide from the atmosphere, or cooling of the planet via schemes to reflect incoming solar radiation, a range of technological options are now receiving ever greater attention from funders, governments, and the scientific community. Climate engineering could become an important component of humanity's response to climate change. There are also, though, a range of potent risks and potential downsides. This session is a unique opportunity to hear from a leading expert in the field. Join Simon Nicholson, director of the Global Environmental Politics program in the School of International Service at American University and co-director of the Forum for Climate Engineering Assessment, for a clear-eyed look at a wild new frontier of climate action.
- Irene Krarup, Executive Director, The V. Kann Rasmussen Foundation (Moderator)
- Simon Nicholson, Assistant Professor and Director, Global Environmental Politics Program, School of International Service at American University
12:45 – 2:00 PM | Lunch
Special Luncheon: Protecting the Protectors - Impact Investing for Indigenous Communities
In this special luncheon session we will share facilitated discussion in the form of updates about the challenges and opportunities facing Indigenous communities in the United States and internationally. We will also make available member-supported Confluence publications providing tools and resources to help with pro-Indigenous community impact investment strategies. This is a great place to meet colleagues that may share your passions for supporting Native Peoples, conservation, divestment, and more!
- Martin von Hildebrand, Director and Founder, Gaia Amazonas
- Andrea Nemtin, President & CEO, InSpirit Foundation (Moderator)
- Lorenzo J. De Rosenzweig Pasquel, Executive Director, Fondo Mexicano para la Conservación de la Naturaleza, A. C. & Board Member, Confluence Philanthropy
2:00 – 3:00 PM | Confluence Membership Meeting & New Advisor Program Announcement (Members only)
Join Confluence Philanthropy’s Board and Staff to hear about the year ahead, to ask questions and to share your ideas. A special announcement about the expansion of the Advisor Membership Program will be shared.
3:00 – 5:00 PM | Post Conference Events (Working Groups & Meetings)
Climate Solutions Collaborative (C2C): Comparing Risk Assessments
Fund managers must evaluate a variety of risks to determine the strength and position of their impact investment decisions, and ultimately there is no greater or more multidimensional risk than climate change. Environmentally, economically, and socially, climate change poses a significant issue for investors. How can such risks be measured and accounted for in the portfolio, and at the same time, what upsides and opportunities exist alongside such risk? A number of recent reports have examined specific and projected impacts of climate change on investment strategies, and this work session for C2C, the Climate Solutions Collaborative, will compare their findings. Research from a variety of investment management firms will be considered, as we navigate how investors can take clear-eyed and opportunistic action against the realities of our changing climate.
- Alex Bernhardt, Principal, Head of Responsible Investment (US), Mercer Investments
- Rob Davenport, Managing Partner, Brightpath Capital Partners LP (Co-Moderator)
- Ilmi Granoff, Director, Sustainable Finance, ClimateWorks Foundation (Co-Moderator)
- Jessica Matthews, Head of Mission-Related Investing Practice, Cambridge Associates
Divest-Invest Philanthropy is a network of over 150 foundations that are leading members of the broader divest-invest change movement. Their collective efforts are driving powerful, system-wide changes in global financial markets and accelerating the transition away from fossil fuels and toward a sustainable clean energy economy. This session provides updates about developments in divest-invest, shares case studies of investing in the new energy economy, and offers a mapping activity to explore what role you can play in supporting this important work.
- Ellen Dorsey, Executive Director, Wallace Global Fund
- Nick Eisenberger, Steering Committee Member, The Climate Solutions Collaborative
- Jennifer Near, Consultant, Shake the Foundations
- Marnie Thompson, Co-Managing Director, Fund for Democratic Communities
- Clara Vondrich, Global Director, Divest-Invest Philanthropy
Transform Finance: Using Impact Investing for Transformative Change
As impact investing moves to the mainstream of finance, a new pressing question arises for foundations and other asset owners: besides specific interventions, are we pursuing an investment strategy that helps re-define who wins or loses in our economy? In light of the palpable economic discontent at the heart of political turmoil, this session will focus on how the Transform Finance community is analyzing the intersection of broader trends in social change and capital allocation decisions. We will review how the Transform Finance Investor Network – a $2 billion community of investors working for social justice – is finding new opportunities for 100% portfolio alignment for transformative change by looking at how Pi Investments is applying a social justice thesis to the entire portfolio. This session is especially geared toward foundation program officers and investment officers looking at strategies to deepen the impact of their assets.
- Andrea Armeni, Executive Director, Transform Finance
- Aner Ben Ami, Managing Director, Pi Investments, and Board Member, Transform Finance
- Morgan Simon, Managing Director, Pi Investments, and Co-Founder and Chair, Transform Finance
Open Networking Time Over Refreshments - until 5pm