Alliance Notes: Green Bonds, Modern Slavery, Climate Risk, Alternative Proteins

Monday, January 11, 2021

                           Alliance Events, 1/11/21

Upcoming Events:
1. Green Bonds with Michael Ridley of HSBC Asset Management Ltd (Jan 12, 9am EST)
2. Modern Slavery in Mining (Jan 14, 10am EST))
3. Carbon Transition Initiative: Physical Climate Risk in EM (Jan 21, 11am EST)
4. Alternative Proteins (Jan 29, 9am EST)
Recaps of Recent Events:
5. Property Rights, Land Governance and Deforestation in Brazil
Volunteer Opportunities:
6. Program Director for Financials, Emerging Markets Investors Alliance


Upcoming Events


1. Webinar: ESG Initiative featuring Michael Ridley of HSBC on Green Bonds (Jan 12, 9am EST)

This Tuesday, January 12 at 9am Eastern Time, the ESG Initiative will host Dr. Michael Ridley, Director, Senior Responsible Investment Specialist at HSBC Global Asset Management about the construction of HSBC’s EM corporate green bond fund. The fund allows investors to align their financial objectives with a real economic impact, delivering on the Paris agreement and UN SDGs.

The Environmental, Social and Governance (ESG) Initiative engage asset managers to discuss their approaches to integrating ESG factors into their investment frameworks, and to advocating for best ESG practices in sovereign or corporates in emerging markets. Please note that this call is exclusive to emerging markets investment professionals.

You can register for the webinar here.


2. Webinar: Modern Slavery in Mining (Jan 14, 10am EST)

The Extractive Industries Program kicks off its 2021 activities this week with a webinar on Modern Slavery in Mining on Thursday, 14 January, 10 am EST.   The mining & metals sector is under increased scrutiny to reduce abuses to workers and populations along its supply chain. Modern slavery -- exploitation that a person cannot refuse or leave because of violence, coercion and/or deception -- impacts several million people around the world (as many as 1m in DRC alone, including 40,000 children working in artisanal cobalt mines). Some participants in mining supply chains are taking steps to combat abuses, but more needs to be done.

We will be joined by Dan Jarman and Amayele Dia of Pact, the international NGO focused on alleviating poverty and marginalization, and by Wayne Jordash and Michele Law of Global RIghts Compliance, an international legal partnership committed to enhancing compliance with international humanitarian law. Professor Remi Piet, an advisor to the Alliance, will lead the discussion. We will touch on issues around modern slavery, legal frameworks and initiatives to address it as well as ways investors can engage with miners and raw materials buyers to address slavery risk. For more on this issue see this Pact Mines to Market fact sheet and this briefing note for investors

Register for the extractives webinar series here.


3. Webinar: Physical Climate Risk in Emerging Markets (January 21, 11am EST)

On Thursday, January 21 at 11am EST, we are holding the first webinar in our Carbon Transition Initiative, a series of webinars on how climate change and the carbon transition affect emerging markets sovereigns and corporates. The topic of this webinar will be Physical Climate Risk.  Our panelists include Marc Lehmann, Director, Climate Risk & Decarbonisation Strategy at KPMG UK; Felix Suntheim, Financial Sector Expert in the Global Financial Stability Analysis Division of the IMF’s Monetary and Capital Markets Department; and Stacy Swann, CEO and Founding Partner of Climate Finance Advisors. The panelists will discuss frameworks for understanding physical climate risks, the extent to which these are prices into asset prices, and recommendations for EM policymakers for enhancing climate preparedness. 

You can register for the webinar here.


4. Webinar: Protein Alternatives (January 29, 9am EST)

On January 29 at 9am EST, we will be hosting Caroline Bushnell, Felipe Krelling and Doris Lee of the Good Food Institute for our first webinar on protein alternatives. Our speakers will provide an overview of the alternative protein landscape (plant-based, cultivated, fermentation), how the market has developed in the US and how it is developing in Brazil and China.

You can register for the webinar here.


Recaps of recent events


5. Property Rights, Land Governance and Deforestation in Brazil

On January 8, the Agriculture Program in partnership with the Rainforest Foundation Norway, hosted a webinar on the significant role property rights and land governance play in driving deforestation and fires in Brazil.  Our speakers were Drs. Paulo Moutinho and Marcelo Stabile from the Amazon Environmental Research Institute (IPAM) who have been conducting studies on the relationship between undesignated public forests and deforestation.

 About half of the Legal Amazon which occupies 60% of Brazilian territory is publicly owned land, however, only 75% of this land is designated as protected and indigenous lands.  The remaining 25% - an area equal to the size of Spain - remains undesignated as protected or for sustainable use despite being required by Law. Deforestation in these areas has seen a 96% increase in the past two years reaching 30% of total Amazon deforestation.

Real estate speculation drives illegal occupation of these lands by land grabbers who sell the timber and use the land for agriculture or sell it to others for agricultural use.  These illegal landowners have used the Rural Environmental Registry (CAR), to “legitimize” their ownership.  Compliance with the Forest Code The CAR, which was created in 2012 with the New Forest Code,  is a mandatory and self-declaratory registry for rural properties. Even though States are required to validate the registrations, to date a very low percentage of properties have been validated.  IPAM’s research has found that 29% of undesignated public land is illegally registered in the CAR as “private property” .  Their research also demonstrates a clear link between these properties and deforestation with 66% of accumulated deforestation in undesignated lands occurring in areas with CAR registrations.


Volunteer Opportunities


6. Program Director for Financials, Emerging Markets Investors Alliance

 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 financial institutions. The successful candidate will have at least 5 years' experience analyzing emerging market financials. 

For more information, please send an email with “Program Director for Financials” in the subject line to Please include your resume or LinkedIn profile.


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.