Alliance Notes: Sovereign Risk and Climate Shocks, TMT in Africa, Bridgewater on ESG

Monday, April 12, 2021

Alliance Events, 04/12/21

 
 
Contents
 
Upcoming Events
1. Debt & Fiscal Governance Program: IMF on the Link between Climate Shocks and Sovereign Risk (April 29, 10am EDT)
2. TMT Program: Environmental Focus on Africa ( May 6, 9am EDT)  
3. ESG Initiative: Bridgewater’s approach to ESG Investing (May 11, 9am EDT)
 
Recap of Recent Events
4. Carbon Transition Initiative: Financials
 
Volunteer Opportunities
5. Relationship Manager
6. Program Director for Infrastructure

 

Upcoming Events

 

1. Debt & Fiscal Governance Program: IMF on the Link between Climate Shocks and Sovereign Risk

On April 29 at 10am EDT, the Alliance will host Serhan Cevik & João Tovar Jalles from the International Monetary Fund to discuss their work on the Link Between Climate Shocks and Sovereign Risk.

Moderated by Fergus McCormick, Director of Sovereign Research, Emerging Markets Investors Alliance

The Debt & Fiscal Governance (DFG) Program engages sovereign issuers, investors and policy experts to discuss public finance topics in emerging markets.

Please note that you must register for this program: https://us02web.zoom.us/j/87185653200?pwd=MVhXdlhSMkllRUUvbWMwNkEyNW1wUT09

This call is exclusive to emerging markets investment professionals.

 

2. TMT Program: Environmental Focus on Africa, May 6

On May 6 at 9:00am EDT, the Alliance will host Garam Bel of the International Telecommunications Union (ITU) who will present on a tool kit from the ITU and World Economic Forum (WEF) that will provide African national and local governments with a guide that underpins the system requirements for the management of e-waste.

The management of e-waste is of increasing policy concern due to the growing digitalization of African societies, higher rates of urbanization and an upsurge in mobile broadband Internet and devices. The toolkit considers the need for an all-actors approach and for the fair, inclusive and timely application of the extended producer responsibility principle. The toolkit can be referred to for the entire system or for the individual pillars of business and finance, policy and regulation, technology and skills, monitoring and control, and marketing and awareness.

Garam Bel is the E-waste Officer for the Telecommunication Development Bureau (BDT) at the ITU where he oversees the e-waste activities, covering policy development and awareness-raising.

Please note that you must register for this program: https://us02web.zoom.us/webinar/register/WN_8265sMbqQni0dcvz1WA5mQ

This call is exclusive to emerging markets investment professionals.

Any questions, please email William Woo: wwoo@eminvestorsalliance.org

 

3. ESG Initiative: Bridgewater’s approach to ESG Investing

On May 11 at 9am EDT, the Alliance will host Daniel Hochman, Head of Sustainability Research at Bridgewater Associates, to discuss Bridgewater’s approach to ESG Investing.

Moderated by Fergus McCormick, Director of Sovereign Research, Emerging Markets Investors Alliance.

The Environmental, Social and Governance (ESG) Initiative engages asset managers to discuss their approaches to integrating ESG factors into their investment frameworks, and to advocating for best ESG practices in sovereigns or corporates in emerging markets.

Please note that you must register for this program: https://us02web.zoom.us/j/85032181178?pwd=M09scHhoVktDUFNQdDZMM25pSjJ2UT09

This call is exclusive to emerging markets investment professionals.

 

Recaps of Recent Events

 

4. Carbon Transition Initiative: Financials

Last week, the Alliance held the second webinar in our 12-part series on how the carbon transition affects emerging markets. This webinar focused on financials, for whom climate issues are both critically important and often difficult to get a handle on, due to the complexities of measuring financed emissions. Ted Kin Chen of WWF Singapore and Angelica Afanador of PCAF were joined by Ana Maria Zapata Valez of Bancolombia, who has been an early leader of carbon disclosure among the Latin American banks. The session was moderated by Lauren Compere of Boston Common Asset Management.

In the discussion, Kin explained WWF's view on the importance of climate and related issues in Asia, as well as the central role that the financial sector can play in addressing climate risk. He noted the key findings from the WWF Sustainable Banking Report such as diverse performances among regional banks in climate-related disclosure and performance, with Singapore banks in the lead and Thailand/Vietnam banks trailing. Afanador then introduced PCAF's Global GHG Accounting and Reporting Standard, released last year, which has become an important framework for over 100 financial institutions in 37 countries. This standard can be used in conjunction with other key climate frameworks (TCFD, SBTi, CDP and CA100+) to help banks analyze scenarios, set targets, inform actions and disclose progress. Finally, Zapata Valez described Bancolombia's own journey towards measuring and disclosing financed emissions, with the help of PCAF, leading to the company's announced net zero strategy.

 

Volunteer Opportunities

 

5. 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.

 

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