Alliance Notes: G20 Dialogue, Investor Guide to Climate Institutions, Volunteer Opportunities

Monday, February 22, 2021

Alliance Events, 02/22/21

 
 
Contents:

 

Upcoming Events
1. Dialogue to Support G20 Quality Infrastructure Agenda (Friday, Feb 26)
 

New Research

2. Alliance Investor Guide to Climate Institutions
 
Recaps of Recent Events
3. Enviornmental Policy Shifts In Brazil
 
Volunteer Opportunities
4. Relationship Manager
5. Administrative/Executive Assistant
6. Program Director for Infrastructure

 

Upcoming Events

 

1. Dialogue to Support G20 Quality Infrastructure Agenda (Friday, Feb 26)

The Alliance has 3 slots for infrastructure-focused financial professionals to participate in a discussion to help shape ESG considerations surrounding the G20’s Quality Infrastructure Agenda.

For more information or to participate, please email Ashok Parameswaranas soon as possible at ashok@eminvestorsalliance.org with “G20 Quality Infrastructure Agenda” in the subject line.

 

New Research

 

2. Alliance Investor Guide to Climate Institutions

Alliance Investor Guide to Climate Institutions

  • This guide highlights some of the relevant institutions, standards and frameworks for investors, but is not comprehensive, and is subject to change as the landscape evolves.
  • We summarize institutions established to help identify and assess risks associated with climate change and the transition to a low carbon economy.

Access the report here.

Climate change has emerged as one of the most critical risks facing investors. Although historically many investors in emerging markets (EM) have not focused on this issue, climate risk is arguably more important in EM, where the transition to a low carbon economy consistent with the goals of the Paris Agreement is likely to present major challenges. Likewise, as we discussed in a recent report, many EMs are both highly exposed to physical climate risks and, in many cases, less prepared for these effects.

Investors looking to assess climate risk have the benefit of a wide range of global institutions that have emerged in recent decades to assist governments, companies, investors and citizens in grappling with issues around climate change. We identify some of these in this overview

 

Recaps of Recent Events

 

3. Enviornmental Policy Shifts In Brazil

On February 11, the Alliance hosted a webinar on Environmental Policy Shifts in Brazil and their implications for investors, in partnership with Rainforest Foundation Norway. Guest Speaker Adriana Ramos, Law and Policy Coordinator at the Instituto Socioambiental, a Brazilian nonprofit organization, discussed the recent history of deforestation policy in Brazil and highlighted a bill that may come before the legislature as early as this week that would imperil indigenous communities and accelerate deforestation. (Note the engagement opportunity below.)

Ramos began by describing how public policies from the early 2000’s achieved a cut in deforestation rates by 75%, by 2012, and how current policies are reversing positive trends and causing a spike in deforestation and forest fires. Ramos highlighted the Bolsonaro Administration’s decision to cut the budget of national environment protection authorities, waive fines for environmental crimes and dismantle government regulatory agencies charged with investigating and charging offenders.

At the same time, since coming to power in 2019, the Administration has been encouraging commercial activities in the Amazon rainforest, including in national parks and protected areas and Indigenous People ’s ancestral lands, without due diligence and basic environmental and social safeguards.

Ramos drew attention to a specific development that may pose risks to investors in the mining sector. A bill previously proposed by Brazilian President Bolsonaro known locally as ‘PL 191’ (the “Bill”) may soon be put to a vote in Congress, legalizing mining, oil extraction, and the building of dams in Indigenous People’s lands without their formal consent. The Bill’s text is formulated in a manner that allows the bypassing of indigenous people’s rights that are guaranteed both in the Constitution of Brazil and in the international Indigenous and Tribal Peoples Convention (also known as ILO 169) ratified by Brazil in 2002. Ramos noted that Brazilian civil society and indigenous people’s organizations are not advocating against all commercial or development activities in indigenous territories, but that these activities must follow consultations with the indigenous people concerned through the internationally recognized principle of Free, Prior and Informed Consent (FPIC).

Investors interested in finding out more details about PL191 and any future engagement with the Government of Brazil should contact Fergus McCormick (fmccormick@eminvestorsalliance.org) or Nadine Cavusoglu (ncavusoglu@eminvestorsalliance.org)

 

Volunteer Opportunities

 

4. Relationship Manager

The Alliance seeks a volunteer Relationship Manager to engage asset managers in the Alliance’s programs to advance ESG outcomes in emerging markets. The ideal candidate will have a passion for ESG or international development, exceptional interpersonal skills, and a strong buy-side network. Those with experience in emerging market debt or equity sales will be viewed favorably. Candidates may be based anywhere and may work virtually.

Please send an email including your resume and/or Linkedin profile mentioning “Volunteer Relationship Manager” in the subject to applicants@eminvestorsalliance.org.

5. Administrative/Executive Assistant

The Alliance seeks a volunteer Administrative Assistant to assist with a range of administrative and executive tasks that are critical to advancing the Alliance’s programs to advance ESG outcomes in emerging markets. The ideal candidate will have a passion for ESG or international development and exceptional interpersonal skills. Candidates may be based anywhere and may work virtually.

Please send an email including your resume and/or Linkedin profile mentioning “Volunteer Administrative/Executive Assistant” in the subject to applicants@eminvestorsalliance.org.

6. Program Director for Infrastructure

The Emerging Markets Investors Alliance seeks a part-time volunteer to incubate a program focused on advancing ESG best practices among publicly-listed, emerging market infrastructure related companies and projects. The successful candidate will have at least 5 years' experience analyzing emerging market utilities, project finance, etc.

For more information, please send an email with “Program Director for Infrastructure” in the subject line to applicants@eminvestorsalliance.org. Please include your resume or LinkedIn profile.sed in a recent report, many EMs are both highly exposed to physical climate risks and, in many cases, less prepared for these effects.

 

The Emerging Markets Investors Alliance is a 501(c)(3) non-profit organization
that enables institutional emerging market investors to support good governance, promote sustainable development, and improve investment performance in the
governments and companies in which they invest.

www.eminvestorsalliance.org