As pressure continues to grow for the integration of ESG factors into company valuation and sustainable investing, to attract more funds, the call to investors and corporates to address ESG data quality, consistency and accuracy becomes more and more outspoken.
In contrast to credit ratings in the bond market, this is far the case for ESG ratings. Sustainable investors are often left in jeopardy due to the inconsistency gap from corporate disclosures to index providers and this creates huge challenges in building investment decisions.
To shed light on these obstacles and issues, we have invited Hilde Jenssen, Head of Fundamental Equities at Nordea Asset Management, Andrew Howard, Head of Sustainable Research at Schroders, Vitali Kalesnik, Partner, Head of Research – Europe at Research Affiliates and an undisclosed listed company (TBA later) to present, discuss and reflect on these topics.
At the seminar, we want to address the different perspectives of corporates, investors and researchers in addressing the ESG data quality and consistency. We will explore their differing views and challenges and discuss possible solutions and offer best practice examples. Some of the questions we seek to explore, are: Why do we experience, and what are the consequences in differences between reported data and estimated data from index providers? What types of data do investors consider to be efficient ESG data? Where are the challenges for corporate to produce and disclose relevant ESG data? What will new taxonomy regimes do for ratings and for corporates – and investment decisions? How does the future in ESG data look like?
Welcome and introductionary remarks
Inger Huus-Pedersen, member of the ESG Integration Network Committee, The Danish Finance Society/CFA Society Denmark
The Challenges – A Portfolio Managers Perspective
Hilde Jenssen, Head of Fundamental Equities at Nordea Asset Management
Research Perspectives on ESG Data
Andrew Howard, Global Head of Sustainable Investments at Schroders
Green Data or Greenwashing?
Vitali Kalesnik, Partner, Head of Research – Europe at Research Affiliates
Ms. Hilde Jenssen, CFA, Head of Fundamental Equities
Nordea Asset Management
Hilde Jenssen is the Head of Fundamental Equities at Nordea Asset Management. In her role, Hilde leads the investment team, develops the boutique strategy, and manages key stakeholder relationships. She also meets with clients, prospects and consultants to communicate investment philosophy, strategy, positioning and performance. Previously, Hilde was the product manager for the Fundamental Equities team since she joined Nordea in June 2018. In this role, she led the communication and attribution analysis for a range of equity portfolios, including Nordea’s sustainable flagship Global Climate and STARS strategies.
Hilde has a strong vision for integrating ESG into the fundamental investment process and developing quantitative measures to capture the impact of ESG factors on equity valuations. She engages asset owners and institutional investors to invest in ways to align their fiduciary responsibility with sustainability practices.
Previously, Hilde was a portfolio specialist and a portfolio manager at Skagen Funds emerging markets equity fund. Hilde has spent most of her finance career in New York, where she started as an equity research analyst at Credit Suisse First Boston and later joined Goldman Sachs equity derivatives team. Hilde has taught courses at Columbia Business School in derivatives and capital markets. In 2008 she co-wrote a Columbia University published paper on ethical investment practices at Norway’s sovereign wealth fund. Hilde received her MBA in finance at Columbia Business School and is a CFA® Charterholder.
Andrew Howard, Global Head of Sustainable Investment
Andrew Howard is Global Head of Sustainable Investment at Schroders, which includes the firm’s sustainability thought leadership, ESG integration and stewardship. He joined Schroders in 2016 and is based in London. Andrew was an Equity Analyst at Didas Research from 2013 to 2016, an independent investment research firm he founded. He was an Equity Analyst at Goldman Sachs from 2007 to 2013, where he headed the GS SUSTAIN research team in London identifying long term investment opportunities across global industries. He also previously worked at McKinsey & Co as a consultant and Deutsche Bank as Head of European Mining Research. Andrew started his investment career in 1997 as an Analyst covering the Steel & Mining sectors at Dresdner Kleinwort Benson. Andrew is a Senior Advisor to Critical Resource and on the Advisory Panel of the Future-Fit Business initiative. Qualifications: MBA in Business Administration and Management from INSEAD; BSc in Economics from London School of Economics.
Vitali Kalesnik, Partner, Head of Research – Europe
Vitali Kalesnik is a partner and senior member of the investment team at Research Affiliates. He leads research and business strategy in the European region. Previously, Vitali led the Equity Research team and continues to perform general equity-related research.
Articles he has co-authored with others have been recognized with three Graham and Dodd Scroll Awards, a Financial Analysts Journal Readers’ Choice Award, a William F. Sharpe Indexing Achievement Award, a Bernstein Fabozzi/Jacobs Levy Award, and a Graham and Dodd Top Award for “What Is Quality?” His research strengthens and expands Research Affiliates’ products—in particular, RAFI™ Fundamental Index™ strategies—and supports our global tactical asset allocation products.
Vitali earned his PhD in economics from the University of California, Los Angeles, where he was a winner of the UCLA Graduate Division Fellowship for 2001–2005. He speaks fluent English, Russian, and French.
The seminar is inspired and created by the ESG Integration Network Committee under The Danish Finance Society/CFA Society Denmark.
Non-members DKK 1.250,00
CFA PL credits
If you are a CFA Institute member, you are eligible to record 2,00 PL credits hours for your participation in this meeting