AfricaSIF.org ESG Masterclass 2012




AfricaSIF.org
ESG Masterclass 2012
Cape Town
Wednesday, 5 September 2012 
7.30AM for 8AM - 5pm
UCT Graduate School of Business
Cape Town, South Africa
LT1
#ESGmasterclass



INVITATION

Africa Sustainable Investment Forum (AfricaSIF.org) is pleased to extend this invitation to you and your organization as stewards of investment in Africa today. We invite you to actively participate in the AfricaSIF.org ESG Masterclass 2012. Nearly four years after the global financial crisis, the region’s fortunes continue to thrive, forcing even the convinced Africa sckeptics among investors to re-consider their positions. This educational workshop for investors in Africa in 2012 will build on 2011’s success – see videoclip

This is an unparalleled opportunity for leaders in ESG-integrated asset management in Africa to share their experiences through case studies with asset owners, trustees, multi-managers and advisors, and to obtain feedback on their approaches. The syllabus is designed by SinCo for AfricaSIF.org in collaboration with our faculty of lecturers.



WHO IS THE AUDIENCE?

The AfricaSIF.org ESG Masterclass 2012 is a one-day educational workshop for a limited 40 person audience. This invitation-only audience will consist of investors making investment decisions in Africa, including Pension Fund trustees, Private Equity Limited Partners, multi-managers, asset consultants, legislators, regulators, legal advisors and stakeholders. The audience is expected to actively participate in the seminars. Paying participants will cover costs by paying a nominal cost, although bursaries for deserving participants may be offered on request. We invite each sponsor/partner firm to invite maximum 5 trustees, and to provide bursaries for deserving fund trustees and asset owners.



WHO IS LECTURING?

We have invited lecturers to co-lecture one of six seminars for a maximum of 60 minutes. Where important, we will ask lecturers to co-lecture to increase the interaction and/or quality of the outputs. The lecturers will be a mix of global, African and South African experts – we will update the website as they are confirmed. We seek to offer participants learnings on what is/is not being done in Africa, and the ongoing risks and opportunities in the context of economic development in Africa. We have invited a diversity of African and international lecturers.

See biographies (below) of Invited lecturer faculty: Samantha Lacey (CDC), Jon Duncan (OMIGSA), Adrian Bertrand (GEPF), Mark van Wyk (Mergence Investment Managers), Barbara Evans (Bloomberg ESG), Gareth Allison (MSCi), Deon Botha (PIC), Malcolm Gray (Investec), Sunette Mulder (ASISA), Suzette Viviers (U.Stellenbosch), Justin Smith (Woolworths), Jonathan Mort (MortLaw), Jimmy Winfield (UCT), Claire Rentzke (RisCura), Narina Mnatsakanian (MN), Camila Yamahaki (PhD Candidate Middlesex University), Prof  Walter Baets (UCT GSB), and Graham Sinclair (SinCo & University of Exeter Business School / HEC Paris MBA).



WHERE and WHEN?

CAPE TOWN 7:30 for 8AM – 5pm on Wednesday 5 September 2012 at the UCT Graduate School of Business in Cape Town Lecture Theatre 1 - LT1, ending with a networking session 6 – 8pm hosted by AfricaSIF.org.

We are hosting the AfricaSIF.org ESG Masterclass the day before the 3rd Annual Africa Cup of Investment Management, Cape Town International Convention Centre, South Africa, 6 -7 Sep 2012  http://www.imn.org/Conference/African-Cup-of-Investment-Management/Home.html, and the day after the Institute of Retirement Funds (IRF) annual conference www.irf-conference.co.za
at CTICC 2 - 4 Sep 2012. IMN’s investment management conference and IRF's annual conference will bring together the leading players in the African institutional and retail investment communities and focus on arming investors with this education and knowledge to survive and thrive in tomorrow’s world of investment management. All bona-fide trustees are eligible for the lucky draw for free entry to the conference at the discretion of AfricaSIF.org and IMN, a value of up to ZAR18,885.

 

WHAT IS A MASTERCLASS?

This is not a conference, and not a lecture. The AfricaSIF.org ESG Masterclass is a graduate education-style workshop with six separate but connected seminars by investment managers, academics, lawyers and/or experts to describe the current thinking on ESG in investment decisions in Africa. International investors are increasingly seeking investments in Africa that include ESG factors.

For SA Pension Fund investors, Regulation 28 describes “Prudent investing should give appropriate consideration to any factor which may materially affect the sustainable long-term performance of a fund’s assets, including factors of an environmental, social and governance character.” We hope to demonstrate why and how they make sustainable investment happen in Africa.

We are preparing a day covering six seminars of 60min (including Q&A) to be delivered in English, with a syllabus covering legal, technical, policy and valuation aspects (we welcome your input on the final syllabus posted below)
 
Participants are invited to contribute to developing the agenda and content of the seminar. As a not-for-profit, mission-driven organization, we will encourage reasonable extracts of the educational material presented at the AfricaSIF.org ESG Masterclass to be shared through africasif.org.

See syllabus (below).



CERTIFICATE of ATTENDANCE

Participants will receive an Masterclass Workbook on arrival with materials collated from publicly-available materials and content made available by lecturers. We are collating a Masterclass Workbook of PPT, case studies etc into combined folder to be exclusive to participants, therefore hardcopy only. All participants will be offered a Certificate of Attendance to the Masterclass. This will require a multiple choice exam to be completed to a satisfactory level.



REGISTRATION & PAYMENT

FEES

[before 23 August 2012]
ZAR 1,000 per person
ZAR 500 per person - fund trustees, academics/registered students or NGOs

[from 23 August 2012]
ZAR 2,000 per person
ZAR 1,000 per person - fund trustees,  academics/registered students or NGOs


* additional ZAR 250 registration administration fee at the event
** 33% discount for fund trustees from the same fund.

*** scholarships available for qualifying trustees at discretion of organizers.



Please complete the online registration to reserve your place:

1. Complete registration at https://www.surveymonkey.com/s/esgmasterclass

 
2. Please submit your electronic payment
First National Bank
Branch : Vineyard, Claremont
Branch code : 204209
Account no: 62279852985
Account name : AfricaSIF.org
Note : Kindly reference the EFT payment with "AfricaSIF.org ESG Masterclass + NAME LASTNAME"


3. Then email confirmation to africasif@gmail.com with subject "AfricaSIF.org ESG Masterclass" + FIRSTNAME LASTNAME" in the subject header to confirm your payment.

 

Net Impact South Africa at UCT GSB - equipping Africa's leaders for a socially, environmentally and economically sustainable world. Net Impact is an international nonprofit organization with a mission to inspire, educate, and equip individuals to use the power of business to create a more socially and environmentally sustainable world. Spanning six continents, our membership makes up one of the most influential networks of professionals and students in existence today. Net Impact members are current and emerging leaders in CSR, social entrepreneurship, nonprofit management, international development, and environmental sustainability who are actively improving the world. http://netimpact.org

STUDENT SCHOLARSHIPS AS RAPPORTEURS

In keeping with our inclusive approach to building knowledge, AfricaSIF.org is offering a few scholarships to registered students to attend the AfricaSIF.org ESG Masterclass at a 75% discount where they fulfill the role of rapporteur for the day, noting highlights from the 6 seminars and presenting rapporteur notes within 72 hours of the event as follows
  1. max. 300 words recap of the day
  2. max. 300 words per seminar = 6 x max. 300 words = 1,800 total
  3. record of all questions asked of lecturers

Registered students are invited to email africasif@gmail.com requesting selection as a rapporteur, with "Rapporteur + Firstname + Lastname" in the subject title. Rapporteurs will be selected at discretion of AfricaSIF.org on a first-come, first-pay, first confirmed basis.

LUCKY DRAW PRIZE

AfricaSIF.org ESG Masterclass participants stand to win the lucky draw prize of Evolutions in Sustainable Investing: Strategies, Funds and Thought Leadership (Wiley Finance, 2011)

Evolutions in Sustainable Investing: Strategies, Funds and Thought Leadership (Wiley Finance, 2011) [Kindle Edition October 14, 2011; Hardcopy edition 27 December 2011] is edited by Cary Krosinsky, Nick Robins, and Stephen Viederman and includes three chapters by Graham Sinclair on Sustainability Indexes, Private Equity and Frontiers in Africa (with SinCo alumnus, Roselyne Yao). Other authors include Paul Hawken, Dan Esty, Roger Urwin, David Lubin, Rory Sullivan, James Salo, Simon Powell, Curtis Ravenel, J. Jason Mitchell, Mark Trevitt, Lucy Carmody, Matthew Kiernan, Lloyd Kurtz, and more.

The book gives real-world guidance for investment professionals on delivering attractive risk-adjusted and opportunity-directed returns across asset classes and regions. Filled with interviews with leading practitioners, this book weaves a narrated web around best sustainable investment practices, guiding readers specifically on investing their assets and with specific sustainability trends in mind, such as increasing constraints on global resources. The substantial 512 pages and footnotes gives the to the reader a clear road map to success by some of the most respected names in the field; includes interviews with leading practitioners, and clearly explains how to get sustainable investing done.

Evolutions of Sustainable Investing is a practitioner's book specifically laying out how this positive investment philosophy is being practiced, leaving the more negative approaches of socially responsible investing behind.  This book is essential for any investor limited by old strategies that disregard a changing world of diminishing resources, an increasing global population as well as the market advantage now being experienced by the most efficient, innovative global companies. It builds on the success of Sustainable Investing: The Art of Long Term Performance (Environmental Markets Insights Series) [Hardcover, Routledge; First Edition edition (November 29, 2008)] by Cary Krosinsky and Nick Robins.

WILEY  http://eu.wiley.com/WileyCDA/WileyTitle/productCd-0470888490.html
AMAZON.COM  http://www.amazon.com/Evolutions-Sustainable-Investing-Strategies-Leadership/dp/0470888490


SYLLABUS


The workflow is built around 6 seminars.
NOTE: final syllabus subject to change.


7:00 - 7.59
Registration and payment

8.00 - 8.29
Welcome
  • Welcome
    • Prof Francois Bonnici, Bertha Centre at UCT GSB
    • Mandisa Zungu, AfricaSIF.org
  • Review of syllabus
  • Preparation for outcomes for AfricaSIF.org ESG Masterclass 2012
    • Graham Sinclair, AfricaSIF.org
  • Introduction of participants + lecturers
    • All

8.30 - 9.30 
Seminar 1 - Global ESG Update

  • Updating the sustainable investment case
  • Academic review
    • Suzette Viviers, University of Stellenbosch Department of Business Management
      • selection of important academic and research work on responsible investment
      • current research and preliminary findings
      • implications for sustainable investment case in Africa
    • Martina Macpherson, Ph.D candidate University of St Andrews  *Skype
      • impact of ESG factors on portfolio performance
      • new research topics in ESG
    • Graham Sinclair, SinCo & University of Exeter Business School & HEC Paris
      • state of ESG knowledge in 2012
      • research gaps and sustainable investment case

9.40 - 10.40 
Seminar 2 - Investing in Africa
  • Lessons from Africa funds
  • What are the pros and cons of sustainable investment in agriculture in Africa?*
  • Are there case studies on ESG in investment in Africa in alternative investments (Private Equity?)
  • How best can international investors access sustainable development growth in Africa’s markets?
    • Samantha Lacey, CDC  *videoclip + Skype
      • development of ESG approaches and frameworks for investment in Africa
      • opportunities for institutional investors in Africa
      • asset classes for investment in Africa
    • Graham Sinclair, SinCo
      • state of sustainable investment in Africa
      • investor attitudes to Africa
    • Malcolm Gray, Investec Asset Management
      • making investments in Africa
    • Gareth Allison, MSCI ESG
      • increase in ESG ratings coverage in Africa

*** 10.41 - 10.59  Tea break ***


11.00 - 12.00 
Seminar 3 - Integrating ESG Factors
  • How to access ESG data for investment decisions in Africa
  • Why will integrating ESG factors in Private Equity in Africa reduces risks and increases opportunities?
  • How does the Global Impact Investing Rating System GIIRS work?
    • Barbara Evans, Bloomberg  *videocon/telcon
      • ESG data availability, gaps and realities in Africa
    • Jon Duncan, OMIGSA
      • assessing ESG offerings and applying ESG across asset classes & investment styles
    • Malcolm Gray, Investec
      • integrating ESG in listed investments in Africa
    • Mark van Wyk, Mergence Investment Managers
      • explaining impact investing and GIIRS
      • integrating ESG factors in unlisted investments


*** 12.01 - 12.59  Lunch ***
  • Message from UCT GSB Director Prof Walter Baets


13.00 - 14.00 
Seminar 4 - Legal & Governance Context

  • What are the legal aspects of ESG in investment?
  • What do funds need to know about Regulation 28, CRISA & UK Stewardship Code?
    • Sunette Mulder, ASISA
      • basics of CRISA and its impact on investment industry
      • ASISA's work on role of investment industry in Africa
    • Jimmy Winfield, Senior Lecturer UCT  Faculty of Commerce
      • how proxy voting is being used by asset managers in South Africa
    • Jonathan Mort, MortLaw
      • how legal perspective on ESG in investment is evolving
      • responses to ESG theme from African retirement funds
      • legal aspects of ESG, CRISA and reg.28


14.10 - 15.10 
Seminar 5 - Performance
  • Approaches to measuring ESG performance
  • ESG performance metrics
    • Claire Rentzke, RisCura
      • measuring performance for ESG integrated and/or ESG-branded portfolios
      • changes in asset managers, trustees and/or mandates since reg28 
      • investing in Africa and use of ESG factors
    • Gareth Allison, MSCI ESG
      • approaches to ESG metrics & measurement in Africa
      • growth of ESG indexes
    • Justin Smith, Woolworths
      • making sustainability case to investors + shareholders in Africa
      • influence of ESG ratings & indexes

*** 15.11 - 15.29  Tea break ***


15.30 - 16.30 
Seminar 6 - Shareholder Engagement & Initiatives
  • Investor - Company engagements on ESG issues
  • Role of JSE SRI Index
  • Voluntary initiatives eg. PRI, CRISA, CDP 2012, EMDP, Integrated Reporting Initiative
    • Adrian Bertrand, ESG Manager, GEPF + Deon Botha, PIC
      • lessons from Emerging Markets Disclosure Project
      • learnings from engaging companies in Africa
    • Narina Mnatsakanian, MN
      • shareholder engagement with investors and companies doing business in South Africa, China, UK, Russia, Switzerland, Brazil and also mining and metals sector, and role of initiatives like EMDP
    • Camila Yamahaki, PhD Candidate Middlesex University
      • learnings from shareholder engagement in South Africa and Brazil
      • lessons from Emerging Markets Disclosure Project

16.31 - 16.59 
Quiz
and Shared Learnings
  • Multiple choice quiz
  • Shared learnings
  • Class photograph
    • AfricaSIF.org + UCT GSB Net Impact


17.00
Close

  • Acknowledgements
  • Certificate ceremony to follow during NETWORKING event 6PM - 8PM


17.30
Registration for AfricaSIF.org Networking


18.00
AfricaSIF.org Networking Begins

  • AfricaSIF.org ESG Masterclass Certificate ceremony



LECTURER BIOGRAPHIES


Professor Suzette Viviers , University of Stellenbosch
Professor Suzette Viviers Ph.D is a Professor in the Department of Business Management at Stellenbosch University. Suzette mainly teaches financial and investment management, including ethics for CFA students. Her research interests centre on responsible investing and various topics in the field of business ethics. Suzette Secretary General of the Business Ethics Network of Africa and serve on the Research Ethics Committee of the University. I’m a passionate academic who strongly supports the admonition of Hebrew Philosopher Maimonides (AD 1135 -1204): “He who has studied insufficiently, and teaches and acts according to his defective knowledge, is to be considered as if he sinned knowingly”. Suzette earned her MBA at Vlerick-Leuven-Ghent-Management-School, Belgium (cum laude) and DCom at Nelson Mandela Metropolitan University.



Mark Van Wyk, Mergence Investment Managers
Mark Van Wyk’s 11 year career includes development finance, structured finance, external auditing and property management has included financial administration; management accounting; work experience at Pricewaterhouse Coopers - international accounting firm, a large commercial property portfolio manager, a large JSE listed empowerment organization and as part of large non-bank financial intermediary. A Chartered Accountant (SA) by profession, Mark started his career as an assistant systems accountant at Gensec Property Services in Johannesburg following three years of tertiary education at the University of Cape Town. Mark passed all his CA (SA) qualifying exams upon first attempt. Mark is currently registered for CFA 3, which he expects to complete in 2013. In 2002 Mark elected to move back to Cape Town from Johannesburg to pursue his ambition of qualifying as a CA(SA) and completed his articles at PWC where he specialised in Financial Services. In 2004 Mark was seconded to PWC-New York. Prior to joining Mergence Investment Manager in 2011, Mark was a Manager at Mettle responsible for  sourcing, arranging and the implementation of Debt and Equity transactions with a main focus on securitizations, preference share placements and corporate debt structuring. At Mettle, Mark was also responsible for establishing new wholesale debt funding relationships, performing due diligences, drafting business plans, financial modelling, liaison with funding partners and oversight of proprietary private equity investments by Mettle within the financial services sector. Other areas of specialisation where Mark has been involved in are beneficial business model design and evaluation and impact assessments.
http://www.linkedin.com/profile/view?id=3669167&locale=en_US&trk=tyah



Camila Yamahaki, Ph.D candidate, University of Middlesex
Camila Yamahaki is a PhD candidate and part-time lecturer at Middlesex University (UK). Her previous work experience were at PRI, UKSIF, AccountAbility (UK), SESI, Baker&McKenzie (Brazil). She worked as a CSR consultant in Brazil and as a CSR/Responsible Investment researcher at AccountAbility and UKSIF in the UK. At the PRI, she coordinated the engagement activities of the Emerging Markets Disclosure Project (EMDP) in Brazil (2011-2012). Since 2010, she has been teaching Business & Society at Middlesex University. She has a BA in Public Administration from Fundação Getúlio Vargas (2001), an MA in Corporate Social Responsibility from the University of Nottingham (2006) and an MSc in Research Methods from Middlesex University (2009).
http://www.linkedin.com/profile/view?id=625715&trk=tab_pro



Jon Duncan, OMIGSA
Jon Duncan joined OMIGSA in February 2011 as
Old Mutual Investment Group  -  Head of RI and ESG Analysis and is responsible for supporting the incorporation of environment, social and governance  (ESG) factors across OMIGSA’s investment capabilities and asset classes. Jon leads the development and implementation of the Old Mutual Group Responsible Investment program. Jon comes from a sustainability consulting background with 16 years of professional work experience. He has worked across various industrial sectors and countries in  Africa. He brings a practical insight into the way in which ESG factors materially impact on investment performance. Prior to working at Old  Mutual Jon was a partner at www.erm.com where he lead the Climate Change and Sustainability practise for the Southern African operations. He holds a MSc: Environmental Science and BSc: Civil Engineering.



Barbara Evans, Bloomberg ESG
Barbara Evans is a senior analyst on the Bloomberg ESG team in London where she is responsible for the development of the Bloomberg ESG data product and all related functionality. Barbara has over 5 and a half years of investment and research experience, 4 years of which were spent as an analyst on the Sustainability Research team at RCM, the global equity arm of Allianz Global Investors. Barbara has an MSc in Environmental Science from Imperial College London and a BA in Geography from St. Hilda’s College, Oxford University.




Narina Mnatsakanian, MN
MN is a Dutch fiducary manager where Narina is Senior Advisor Responsible Investment and Governance, covering South Africa, China, UK, Russia, Switzerland, Brazil and also mining and metals sector. When Narina joined the PRI initiative she was responsible for PRI in Emerging Markets and Developing Countries Project at UNEP Finance Initiative. As part of this project, Narina was raising awareness about responsible investment and consideration of ESG issues by local investors in over thirty major emerging markets. Narina's current role includes facilitating local PRI investor implementation networks around the world and overseeing global recruitment of new signatories. To date she helped to set up signatory investor networks in Brazil, Korea, South Africa and Japan. Narina is also working on projects related to environmental issues and on facilitating collaborative engagements with companies operating in emerging markets. Previously Narina worked in strategy consulting at KPMG where she focused on M&A transactions. Prior to KPMG she was a consultant at Ernst & Young Advisory. Narina has an MA (Cantab) and BA (Hons) from Cambridge University in Land Economy (Economics, Law, Resource Management) and an MSc degree in Financial Economics and Business from Erasmus University Rotterdam.



Samantha Lacey, CDC
Samantha Lacey is ESG Executive at CDC Group plc. Her previous role was researcher at Co-operative College; Responsible Shareholding Analyst and Head of Engagement at Co-operative Asset Management. Samantha joined the Environmental, Social and Governance (ESG) team at CDC Group in February 2011. Her role brings together her experience of socially responsible investment from working at Co-operative Asset Management and experience of working with companies in developing countries gained during her time at The Co-operative College. At The Co-operative College she was responsible for researching challenges and opportunities faced by co-operative businesses in developing countries, particularly in East and Southern Africa. At the Co-operative Asset Management she managed engagement projects and analysed the ESG performance of FTSE 100 companies. Samantha holds a PhD in bacterial evolution and genetics from Imperial College London and a BA in Natural Sciences from Cambridge University, UK.



Mandisa Zungu, AfricaSIF.org & OMIGSA
Mandisa Zungu joined the AfricaSIF.org team in 2010 and her role on this project is to promote the AfricaSIF.org mission through networking events and with Africa investment professionals. Mandisa is a Business Development Executive at Old Mutual Investment Group of South Africa (OMIGSA) specializing in promoting investments in Africa through Africa portfolios. Previosuly Mandisa led OMIGSA’s promotion of Socially Responsible Investments covering investment products such as the Community Growth Funds focusing on ESG principles and IDEAS Infrastructure fund. Previously she built client relationships at Coronation Fund Managers and Key Accounts at Old Mutual Properties through networks with the big pension funds in South Africa in 2004 through to 2006.  While busy with the actuarial techniques diploma she joined the investment industry in 2001 at Old Mutual Employee Benefits Investment Services where she led client relationship management for institutional funds with Assets Under Management ranging from R100ml to R5bn. Mandisa performed pension fund valuations for retirement funds at consulting actuaries Ginsburg Malan & Carsons  (later merged with Alexander Forbes) through 1995.  Mandisa has also served as a non-executive Director of Khula Enterprise Finance Limited. She is a keen student of mathematics and enjoys sport and music, and has mentored young students in mathematics at Intlanganiso Secondary in Khayelitsha Cape Town, Inyibiba High School in Fort Beaufort and students in business from TSiBA Education in Cape Town. Mandisa earned a BSc in mathematics at Fort Hare University in the Eastern Cape and in 2003 completed her MBA at Bond University (Australia). She holds an Intermediate Certificate in Business Studies from the Insurance Institute of South Africa. Mandisa lives in Cape Town, South Africa and is married to Sipho Zungu and proud parent of two boys, Siphiwo and Nkululeko.



Jonathan Mort, Mort Law
Jonathan Mort is a director of Jonathan Mort Inc, a law firm in Cape Town specializing in pension fund law, which he established on 2 March 2009 after leaving Edward Nathan Sonnenbergs Inc where he was a director.  Jonathan’s practice covers all aspects of the law relating to retirement funds and he has also provided advice on pension fund issues in Botswana, Namibia, Swaziland and Zambia. He also has extensive experience in acting as an independent trustee of pension funds. 



Claire Rentzke, RisCura Consulting
Claire Rentzke is a Consultant at RisCura Consulting.  She consults to some of the largest retirement funds in South Africa on their choice of asset managers to implement their investment strategies. Claire joined RisCura in March 2004. Prior to this, she worked for Citigate Financial Intelligence and was responsible for researching international financial institutions. Claire is a CFA chartered holder.  RisCura Consulting provides services to over 35 retirement funds, including some of Africa and South Africa’s largest and complex fund structures. Strong manager selection skills and an in-depth understanding of the market support RisCura’s excellent record of adding value to clients’ portfolios. Claire is particularly passionate about responsible investing and seeing that the principals of ESG are implemented in the investment strategies to which she consults.  She has presented on a variety of topics, including:
•    Manager selection, locally and abroad
•    Asset allocation strategy and implementation by Funds
•    ALM and LDI strategies
•    Responsible investing and ESG policies
•    Regulation 28 and its impact on trustees, investment strategy and manager selection
•    Implementing LDI strategies, more broadly both low and high risk liability cognisant strategies
•    Expansion of investment opportunities in Africa



Jimmy Winfield, UCT
Jimmy Winfield is a senior lecturer at the University of Cape Town, where he teaches Business Ethics for the Department of Philosophy, and Accounting for the College of Accounting and the Graduate School of Business. He has published widely, and presented at conferences, on topics such as business ethics, accounting ethics, responsible investing, and education. He is an acclaimed speaker and educator, having won several awards for outstanding teaching, and is passionately committed to finding creative and effective ways to ensure that business is, and is seen to be, socially valuable.



Justin Smith, Woolworths
Justin is Head of the Woolworths Good Business Journey (Sustainability Programme) and is responsible for the strategy, structure and integration across the business to deliver its over 200 targets across transformation, social development, environmental issues and climate change. Woolworths was named International Responsible Retailer of the year in 2008 and 2010. Previously he was employed at the Nedbank Group, as head of Governance and Sustainability as well as Operational head of Enterprise Governance and Compliance within Nedbank’s Enterprise Governance and Compliance cluster; as an associate in Edward Nathan and Friedland (Pty) Ltd Environmental Law and Sustainability Services department; and as a risk manager at Standard Bank Group Risk Management. Previously a Co-chair of United Nations Environment Programme Finance Initiatives Africa, a member of the National Business Initiative Western Cape Board and a trustee on the Table Mountain Fund. His education covers B Comm Law (cum Laude) ; LLB degree (cum Laude);  B Comm Honours in Financial Management (cum Laude) (All University of Pretoria) and LLM (University of South Africa (UNISA) – Environmental law, International Economic Law, and International law.



Malcolm Gray, Investec Asset Management
Malcolm is a portfolio manager at Investec Asset Management where he currently manages a number of equity and multi-asset portfolios with a South African and Pan-African bias for a range of institutional and sovereign wealth clients. He also oversees a number of Responsible Investment (RI) portfolios.  Malcolm joined Investec in 2000. Since 2007 he has focused full-time on portfolio management.  Malcolm is an admitted attorney, having specialised in commercial and environmental law at Shepstone & Wylie in Durban, South Africa. Malcolm holds a Bachelor of Science degree in Geology and Hydrology (1991), as well as a Bachelor of Laws degree (1995) and a Master of Laws degree (Environmental Law/1996) obtained at the University of Natal (Pietermaritzburg).



Gareth Allison, MSCI
Gareth Allison is a Vice President at MSCI responsible for managing the company’s business and client relationships in Africa and India. He is Head of MSCI Cape Town office and manages a team based in Cape Town and Mumbai. Mr Allison joined MSCI from Wilshire, where he was Managing Director, responsible for sales in EMEA. Prior to Wilshire, Gareth worked in sales roles for Inlumen PLC, Bloomberg LP and Tullett & Tokyo as an Italian Government Bond Broker. Prior to that Gareth was a professional Rugby Union player for NEC Harlequins in London and Clermont Auvergne in France. During this time Gareth also represented England 'A'. Mr Allison has a BA from Reading University and an MPhil in Management Studies from Oxford University. Gareth is fluent in Italian, French, and English.



Martina Macpherson, University of St Andrews & MSCI
Martina Macpherson is Vice President at MSCI ESG Research, where she leads MSCI’s strategic ESG Research & Indices Marketing, Business Development and Partner Relationship Management worldwide. For her PhD, she is researching the impact of ESG controversies on corporate culture and portfolio performance. Martina is a multi-lingual, senior financial services professional, researcher and writer.  She joined MSCI from Lloyds Banking Group (LBG) in 2011, where she was Head of UK Commercial Marketing for Lloyds TSB Int. Private Banking, based in London and Geneva. Prior to that, Martina worked as Head of Institutional Marketing at LBG, Insight Investment, Managing strategic asset management marketing and lead generation activities. Over the last decade, Martina has worked at RBS AM as Head of Strategic Marketing, Investor Relations and Communications, where she directed and managed the firm’s marketing and distribution strategies, and as Senior Marketing and Sales Support Manager at F&C Investments in London. Before this, she was a Strategic Business Development Consultant for EMEA at Chameleon in London and worked for Deutsche Bank In Frankfurt. Martina holds a M.A. (Hons) in Law, Philosophy and History of Art from Frankfurt & Cambridge University as well as PRCA and CIM Certificates in Strategic Marketing. She is  undertaking a PhD in Sustainable Finance and Finance at University of St. Andrews. Martina has written a broad range of books on Philosophy, History of Art and Law – focusing on legal controversies, e.g. between natural law and legal positivism and/or human rights implications. She is a CIM member, an alumni fellow of the German National  Academic Foundation and www.e-fellows.net.



Adrian Bertrand, GEPF
Adrian Bertrand was appointed Environmental, Social and Governance (ESG) Manager of the Government Employees Pension Fund in February 2011 where he is responsible for managing and implementing the Fund's Responsible Investment Policy. Previously, Adrian was employed by the UN Principles for Responsible Investment (PRI) to manage and coordinate the work of the PRI South Africa Network comprising asset owner, asset manager and asset consultant signatories. Adrian serves on the Responsible Investment Standing Committee of the Association for Savings and Investment SA (ASISA), the CRISA Committee responsible for the drafting of the Code for Responsible Investing by Institutional Investors in South Africa, and the Emerging Markets Disclosure Project South Africa team. Adrian also represents GEPF on the Investment Committee of the Pan African Infrastructure Development Fund (PAIDF). Adrian's professional experience includes working as a research analyst for the Johannesburg Stock Exchange Socially Responsible Investment (SRI) Index (2010) and the Corporate Governance Rating Matrix of the Public Investment Corporation (PIC) in 2009, both in association with the Unit for Corporate Governance in Africa, a unit within the University of Stellenbosch Business School. Adrian taught high school and university courses before moving to the investment industry. Adrian holds a BA (Humanities), Post Graduate Certificate in Education and an MBA, all from the University of Stellenbosch.



Sunette Mulder, ASISA
Sunette Mulder is senior policy advisor at the Association for Savings and Investment, South Africa (ASISA).  She is responsible for the Investments Board Committee and the various standing committees and working groups that resort under the Investments Board Committee. Sunette started her career at Old Mutual South Africa in 1997 within Actuarial Finance, before joining Galaxy Portfolio Services (previously Old Mutual Investment Services) to work within product development.  In 2000 she joined Old Mutual Asset Managers as performance analyst. She was manager of performance department at Old Mutual Asset Managers and senior performance analyst at Coronation Fund Managers & Cadiz Asset Managers where she was responsible for performance measurement, attribution & reporting as well as running the GIPS ® project. Sunette is the chairperson of the GIPS Standing Committee of the South African country sponsor, ASISA.  In this capacity she is the South African country sponsor representative on the EMEA RIPS (formerly EIPC) and the GIPS Council.  Sunette served on the GIPS Executive Committee (EC) as chair of the Investment Manager subcommittee and was the chair of the EC between 2008/2009 and the chair of the GIPS Promotion and Awareness subcommittee 2010/2011 and the current co-chair of the GIPS Risk Working Group.  The GIPS EC is a standing committee of the CFA Institute. Sunette is deputy chairperson of the CRISA committee that has launched a Code for Responsible Investing by Institutional Investors in South Africa. She holds degrees of
B.Comm(Maths), Hons B B&A (cum laude), MBA (cum laude)



Graham Sinclair, SinCo & AfricaSIF.org
Graham Sinclair
is Principal at SinCo in his role as a sustainable investment strategist, ESG investment architect and global project leader. He volunteers as
President and co-founder of the Africa Sustainable Investment Forum project [AfricaSIF.org]. His SinCo engagements model investment architecture integrating environmental, social and governance factors into investment strategy, processes and indexes. Before joining KLD in Boston, he worked in pensions consulting and investment banking through 2002, culminating at SEI Investments. Graham chairs the Prudential Assets Working Group of the investment industry group ASISA and lifetime member of Net Impact. Graham has graduate degrees in business and law. He lectures on sustainable investment at leading business schools in North America, Europe and Africa. He has contributed three chapters [Private Equity, Frontiers in Africa, Sustainability Indexes] to "Evolutions in Sustainable Investing" [Wiley Finance, 2011]. He resides in Vermont, USA and Cape, South Africa.



Dr François Bonnici UCT GSB Bertha Centre for Social Innovation & Entrepreneurship 
Dr François Bonnici originally trained as a doctor in South Africa, graduating top of his class at the University of Cape Town’s medical school. He subsequently read for a Masters degree in Public Health (London) and a MBA on a Rhodes Scholarship at the University of Oxford’s Said Business School, where he was awarded the prize for the best overall MBA student. He was then recognised as a Global Leadership Fellow of the World Economic Forum based in Geneva, where he undertook a three-year mid-career academic and personal development programme, culminating in a Masters in Global Leadership conferred by the World Economic Forum. He later became the Head of Africa for the Forum’s own foundation, the Schwab Foundation for Social Entrepreneurship, where he still acts as Senior Advisor.  He assisted the University of Cape Town’s Graduate School of Business to envision and establish a new centre for social innovation, where he has started as the Director of the Bertha Centre for Social Innovation and Entrepreneurship from the end of 2011. He has worked in paediatric clinical medicine; led humanitarian and development programmes; built and worked on public-private partnerships on a global and national level; managed development funding; and consulted to UN institutions, country governments, for-profit social businesses, and non-profit social ventures. He has published in health and development and was the Contributing Editor to the MIT journal’s special edition on "Social Innovation in a Post Crisis World", launched at the Annual Meeting in Davos, Switzerland in 2010. He consults and provides strategic advice to corporate and family foundations, to social venture funds and to high net worth individuals on venture philanthropy and impact investing on the African continent. He has previously worked with such clients as the Gates Foundation, Virgin Unite (the Virgin Group’s foundation), Save the Children, UNICEF, Bamboo Finance, LGT Venture Philanthropy, the Bertha Foundation and several families and individuals. He also has chaired the jury for Ernst & Young’s Social Entrepreneur of the Year Award for four years and sits as a committee member on the SEED Award’s International Jury. Bringing together his passion for health, social innovation and entrepreneurship, he established a hybrid social venture with leading child health experts to develop medical devices appropriate for low resource settings. Powerfree Education and Technology is a South African non-profit that recently won the international INDEX Design for Life Award for its first product, and was awarded one of the prestigious Gates Grand Challenge grants. He has been dedicated to stimulating social innovation in Africa and South Africa, helping to establish an environment in which social enterprises can thrive. To achieve this he organized and hosted the first meeting on Social Entrepreneurship in Africa in 2008, co-founded the African Social Entrepreneurs Network in 2009 and is a Trustee of Unltd South Africa that supports early stage social ventures. He is a regular speaker at both local and international conferences, business and foundation events, and universities.




Professor Walter Baets, prior to being appointed as the Director of the UCT Graduate School of Business, was Professor of Complexity, Knowledge and Innovation, Associate Dean for Research and MBA Director at Euromed Marseille Ecole de Management. Previously at Euromed Marseille he was Director of Graduate Programmes. Before joining Euromed Marseille, he held the Philips Chair in Information and Communication Technology and he was director of NOTION (the Nyenrode Institute for Knowledge Management and Virtual Education) at Nyenrode Business University in the Netherlands. He has held academic positions in Belgium, France, the Netherlands and Spain. He graduated in Econometrics and Operations Research at the University of Antwerp (Belgium) and did postgraduate studies in Business Administration at Warwick Business School (UK). He was awarded a PhD from the University of Warwick in Industrial and Business Studies and a Habilitation of Paul Cezanne University, Aix-Marseille III, France. He pursued a career in strategic planning, decision support and IS consultancy for more than ten years, before joining the academic world, first as managing director of the management development centre of the Louvain Universities (Belgium) and later as Associate Professor at Nyenrode University, The Netherlands Business School.  He has been a Visiting Professor at the University of Aix-Marseille (IAE) and GRASCE (Complexity Research Centre) Aix-en-Provence. He held visiting teaching positions at ESC Rouen, KU Leuven, RU Gent, Moscow, St Petersburg, Tyumen University, Purdue University and Narsee Monjee (Mumbai, India). Most of his professional experience was acquired in the telecommunications and banking sector.  He has substantial experience in management development activities in Russia and the Arab world. His research interests include: Innovation and knowledge; Complexity, chaos and change; The impact of (new information) technologies on organisations; Knowledge, learning and artificial intelligence; On-line learning, work-place learning and pedagogical innovation; A quantum interpretation of management. He is a member of the International Editorial Board of the Journal of Strategic Information Systems, Information & Management, and Systèmes d’Information et Management. He has acted as a reviewer/evaluator and chair for a number of International Conferences (e.g. ECIS an ICIS) and for the EU RACE programme.  He has published in several journals including the Journal of Strategic Information Systems, The European Journal of Operations Research, Knowledge and Process Management, Marketing Intelligence and Planning, The Journal of Systems Management, Information & Management, The Learning Organisation and Accounting, Management and Information Technologies.  He has organised international conferences in the area of IT and organisational change. Walter Baets is the author of Organisational Learning and Knowledge Technologies in a Dynamic Environment published in 1998 by Kluwer Academic, and of Complexity, Organisations and Learning: the quantum interpretation of business, published in 2006 with Routledge. He co-authored with Gert Van der Linden The Hybrid Business School: Developing knowledge management through management learning, published by Prentice-Hall in 2000 and Virtual Corporate Universities, published 2003 by Kluwer Academic. Along with Bob Galliers he co-edited Information Technology and Organisational Transformation: Innovation for the 21st Century Organisation also published in 1998 by Wiley. In 1999, he edited Complexity and Management: A collection of essay, published by World Scientific Publishing. His most recent books are Knowledge Management and Management Learning: Extending the Horizons of Knowledge-Based Management, published with Springer (2005); and Rethinking growth: social intrapreneurship for sustainable performance (Palgrave MacMillan, 2009) co-authored with Erna Oldenboom. http://www.gsb.uct.ac.za/s.asp?p=292

PARTICIPANTS

Adam Reeves        Malaczynski Burn
Brian Keeling        Sustainability 4 Good
Gloudi VD Ahee        University of Stellenbosch
Herman Brandt        TriAlpha Investment Management (Pty) Ltd
Juanique Pretorius        GCX
Nadia Mans-Kemp  Stellenbosch University
Ohad Shachar  Global Carbon Exchange
Russell Shanglee  TriAlpha Investment Management (Pty) Ltd
Yashil Desai        Old Mutual
Adrian Bertrand    GEPF
Fatima Rustin    AfricaSif.org   
Kerry Sinclair    AfricaSif.org
Malcolm Gray    Investec Asset Management
Samantha Lacey    CDC Group plc
Suzette Viviers    Stellenbosch University   
Wybrand van Wyk  Pathcare Retirement Fund
Sunette Mulder        ASISA
Camila Yamahaki        PhD Candidate Middlesex University
Claire Rentzke        RisCura
Donovan O'Riley        Pathcare Retirement Fund
Eric Spencer        Pathcare Retirement Fund
Graham Sinclair        SinCo / University of Exeter Business School & AfricaSIF.org
Jimmy Winfield        UCT  Faculty of Commerce
Jon Duncan        OMIGSA
Jonathan Mort        MortLaw
Justin Smith        Woolworths
Mark van Wyk        Mergence Investment Managers
Narina Mnatsakanian        MN
Belaina Negash        GEPF
Daniel Sullivan    MBA Student    UCT GSB
Diaan Janse van Rensburg        Verso
Juanique Pretorius        Global Carbon Exchange
Nishen Brijaj        UCT GSB
Roanna Verrinder        TriAlpha Invesment Management
Samantha Jagdessi        Sustainable Returns
Sylvester Sebico        GEPF
Therese Niklasson        Investec Asset Management
Adrian Bertrand        GEPF
Jannete Wassung    Pathcare Retirement Fund   
Gareth Allison        MSCI
*Ike Ndlovu        Sanlam
*Isgaak Ebrahim Jarodien        Illovo Sugar Ltd

AfricaSIF.org has invited NETwork to partner in presenting our events as a pathway to upskilling, mentoring and including Africans on a path to generating careers for themselves.

Common Good is an NGO that facilitates connections which enable the sharing of resources, skills and knowledge in the pursuit of social and economic upliftment across Cape Town. Our vision is of a city where vulnerable people have been positively impacted socially, economically and spiritually. Three years ago, Common Good launched NETwork, a programme which seeks to address the needs of people in overcoming the obstacles faced when unemployed in Cape Town and empowering them to become economically active.

 

Believing that meaningful work gives people dignity and hope, we recognise that most people are not seeking a hand-out, but rather the opportunity to forge their own future. NETwork’s vision is to see unemployed people established and included in the formal economy. We build bridges between both the unemployed and employers, empowering the unemployed and connecting them to networks of employment opportunities.

 

To achieve this NETwork: facilitates a 45-hour transformational job readiness training programme; provides access to information through a resource hub; mentors participants; offers computer, English, business communication and hospitality training; forges partnerships that enable access to a range of employment opportunities; and provides placement services for graduates, which serves both employers and potential employees.


www.network.org.za

Media Release

AfricaSIF.org ESG Masterclass 2012 Cape Town Grows Capacity for Institutional Investment in Sustainability

IMMEDIATE RELEASE - UPDATE 1: 6 September 2012

5 September 2012
CAPE TOWN, South Africa

Africa’s institutional investors and sustainable investment experts emphasized the opportunities – and the needs – for sustainable investment in Africa, and the huge role retirement funds can play. Lecturers included the largest pension fund in Africa, the most significant investor in private equity in sub-Saharan Africa and leading providers of ESG research and indexes.

"GEPF was again delighted to have participated in the second AfricaSIF.org ESG Masterclass for 2012. The Masterclass brings together local and international thought leaders in asset management and their approaches to ESG integration across asset classes and markets. GEPF was pleased to share best practice and learn best practice from fellow Masterclass participants, including asset owners, such as pension funds and life companies, trustees, multi-managers, investment managers, advisors and members of academia using facilitated real life case studies as the basis for discussion," said Adrian Bertrand, ESG Manager, GEPF

The AfricaSIF.org ESG Masterclass was introduced in 2011 because of a perceived lack of training in this critical area of investment and finance in Africa. The uptake on the inaugural programme proved that the need is indeed out there. 2012 is the second year that AfricaSIF.org has presented an ESG education programme demonstrating the best in local and global investment trends.

“Moving beyond aspiration to action requires building a more advanced knowledge of ESG factors”,said Graham Sinclair, President of AfricaSIF.org. “AfricaSIF.org is pleased to work with partners to scale awareness, increasing technical skills, into action – investing in Africa’s sustainable investment.”

Invited lecturer faculty included leading thinkers, academics, and representatives of institutional investors representing more than US$ 200 billion, including Samantha Lacey (CDC), Jon Duncan (OMIGSA), Adrian Bertrand (GEPF), Mark van Wyk (Mergence Investment Managers), Barbara Evans (Bloomberg ESG), Gareth Allison (MSCi), Deon Botha (PIC), Malcolm Gray (Investec), Sunette Mulder (ASISA), Suzette Viviers (U.Stellenbosch), Justin Smith (Woolworths), Jonathan Mort (MortLaw), Jimmy Winfield (UCT), Claire Rentzke (RisCura), Narina Mnatsakanian (MN), Camila Yamahaki (PhD Candidate Middlesex University), Prof  Walter Baets (UCT GSB), and Graham Sinclair (SinCo & University of Exeter Business School / HEC Paris).

The ESG Masterclass was designed for AfricaSIF.org by SinCo, the sustainable investment company, using an open source model to deliver a public good: a bigger and better ESG knowledgebase in Africa for more informed investment decisions.

Six seminars covered global ESG updates, investing in Africa, integrating ESG factors, legal & governance context, performance and shareholder engagement & initiatives. The 2012 AfricaSIF.org ESG Masterclass mixed a selection of important academic and research work on responsible investment with experiential learnings from applied theory and case studies.



UCT GSB Director Professor Walter Baets expanded on the unique African context, and a society that is crying out for innovation and creative business solutions to entrenched social and environmental problems.

The lectures ended with a certificate ceremony during the AfricaSIF.org ESG Networking event that evening.

AfricaSIF.org is an independent, pan-African, not-for-profit network, knowledgebase and advocate promoting investment in sustainable development across the continent launched in June 2010.  The AfricaSIF.org Project is run by volunteers building a network of institutions and individuals promoting sustainable investment in Africa by investors in public, private and philanthropy sectors across asset classes, countries and stakeholders from our platform @ africasif.org.

For more information, contact:

Graham Sinclair
President
AfricaSIF.org Project
+27.82.712.1925
gs.africasif@gmail.com


Additional quotes from sponsors:
"As the profile of Africa as an investment destination has grown in recent years, so has interest in how to positively manage the associated environmental, social and governance (ESG) factors that contribute to building sustainable businesses. CDC has been investing in Africa for over 60 years and provides regular training to our investment partners around ESG best practice.  We are delighted to participate in the AfricaSIF.org Masterclass programme and welcome the opportunity to discuss and share experience of leading ESG systems and processes among investors."

“This annual masterclass presents a valuable platform for trustees and their advisers to interact with ESG industry leaders,” said Claire Rentzke, consultant at RisCura Consulting. “It provides an excellent place for institutional investors to engage with the investment case for sustainable investment.”

“We were pleased to be a part of the AfricaSIF.org ESG Masterclass and believe it is an interesting and useful exercise in terms of expanding the African ESG investment landscape”, said Malcolm Gray of Investec Asset Management.

“The growing interest in ESG issues by the investment community has created new opportunities for companies and their investors to engage around some of the most challenging issues of our time,” said Justin Smith, Head of Sustainability, Woolworths. “Continued awareness and education of the investment community is vital in keeping these dialogues going, and AfricaSIF.org is playing a vital role in this.”

“Sustainable business is built on the back of good governance and sounds environmental and social practices,” added one first-time participant.

“We hope the AfricaSIF.org ESG Masterclass helped asset owners and managers to better meet their mandates and understand ESG-driven investment risks and opportunities,” said Gareth Allison of MSCI, the global indices and ESG analysis firm.


The following people are representatives of partner organizations of the report and are also available for comment:

1.    Bloomberg – Jane Armstrong, jarmstrong42@bloomberg.net, +44.203.525.8111
2.    Investec Asset Management- Malcolm Gray, Malcolm.gray@investecmail.com, +27.82.902.1841
3.    OMIGSA – Suzanne van Schoor, +27.21.504.4390
4.    GEPF - Mr Khaya Buthelezi, GEPF Communications Manager khaya.buthelezi@gepf.co.za +27.12.424.7329
5.    MSCI - Martina Macpherson, Vice President, Marketing & Commercial Relationships MSCI, Ninth Floor, Ten Bishops Square, London E1 6EG, United Kingdom T: +44.20.7618.2231; E: martina.macpherson@msci.comMergence – Farzaanah Richards, Office Manager +27.21.433.2960
6.    RisCura – Kerry Sinclair, Head of Marketing, RisCura ksinclair@riscura.com +27.21.673.6999