$200 members  |  $300 non-members


Susan Baker, Trillium Asset Management

Ms. Baker is a Vice President and member of Trillium Asset Management’s Shareholder Advocacy team where she leads and participates in numerous advocacy initiatives on a wide range of issues including sustainable sourcing, environmental health, labor & human rights, and board diversity. She began her investment career at Harvard Management Company where she supervised the portfolio control team. She joined Trillium in 1986 as a portfolio associate and was later promoted to portfolio manager and research analyst. In 2000, Ms. Baker left Trillium to become the religious education director of a faith-based organization, and rejoined the firm and its advocacy department in 2006. She currently serves on the Boards of the Interfaith Center on Corporate Responsibility, The Thirty Percent Coalition, and is Treasurer for Pesticide Action Network, North America. Susan earned a B.A. from Middlebury College, and Ed.M. from Harvard University.

Stephan Bonte, CFA, Standish Mellon

Mr. Bonte is a Senior Vice President and Senior Portfolio Specialist. He interfaces with the Investment, Client Service, Marketing and Sales teams to ensure clients and prospects are presented with, and take full advantage of, the depth and breadth of expertise available at Standish. He is the Product Specialist for ESG at Standish and helped to integrate ESG factors into the Investment Process. Previously, he served as a Portfolio Manager and Quantitative Analyst in Short Duration Strategies, at both BNY Mellon Cash Investment Strategies and at Standish. Mr. Bonte has an M.B.A. from Carnegie Mellon University and a B.S. in Physics and an M.S. in Optical Engineering from the French Institute of Optics. He holds the CFA® designation and has 10 years of investment experience.

Ed Canty, Keurig Green Mountain

Mr. Canty is the Lead Coffee Buyer at Keurig Green Mountain, where he has worked for the last 19 years. He is a Q certified coffee taster and a member of the Board of Directors for the Coffee Quality Institute (CQI). Over the last 14 years, Mr. Canty’s work has focused on cultivating long term relationships with coffee producer organizations, improving supply chain transparency, and negotiating contracts that bring benefit to both buyer and seller.

Tim Coffin, Breckinridge Capital Advisors

Mr. Coffin joined Breckinridge's Consultant Relations team in May 2012 and is currently Senior Vice President, Consultant Relations. With over 20 years of experience in the fixed income markets, Mr. Coffin was most recently a Vice President at Fidelity Investments where he launched and managed the firm's Municipal Finance Group within Fidelity Capital Markets. In that capacity, his group was responsible for average annual underwriting engagements in excess of $30 billion. Prior to Fidelity, he spent over 10 years with Corby Capital Markets where he managed sales and marketing and served his last three years as the firm's president. Additionally, Mr. Coffin was an institutional salesman with both Donaldson, Lufkin & Jenrette and RBC Dain Rauscher, has served as Governor of the Municipal Bond Club of Boston, and has held FINRA licenses; Series 7, 63, 24 & 53. He currently holds his Series 65 and received his B.A. from Hobart College.

James Gifford, PhD; Initiative for Responsible Investment, Harvard

Dr. Gifford was the founder and first Executive Director of the UN-supported Principles for Responsible Investment, leading the initiative from its inception in 2003 until November 2013. As Senior Research Fellow at the Initiative for Responsible Investment at the Harvard Kennedy School, he is researching and writing on sustainable private equity in developing countries and delivering positive impact within mainstream pension and foundation investment strategies. He is a Senior Strategic Advisor to Tau Investment Management. He is also a guest lecturer at Imperial College London, a visiting fellow at the University of St Andrews and has published numerous articles and book chapters on responsible investment. Dr. Gifford has a PhD from the University of Sydney on the effectiveness of shareholder engagement in improving corporate environmental, social and governance performance, degrees in Commerce and Law, and a Masters in Environment Management. He was named by the World Economic Forum in 2010 as one of 200 Young Global Leaders.

Mark T. Kim,  District of Columbia Water and Sewer Authority

Mr. Kim serves Chief Financial Officer for DC Water.  He joined the Authority in March 2013 from the Office of the New York City Comptroller, where he served as NYC’s Deputy Comptroller for Economic Development and Assistant Comptroller for Public Finance, and previously as an investment banker at several global financial institutions. Over his career, Mr. Kim has raised in excess of $50 billion in the capital markets. Currently, he sits on the Environmental Financial Advisory Board of the U.S. Environmental Protection Agency (EPA) and the Committee on Governmental Debt Management of the Government Finance Officers Association (GFOA), and he is a member of the Bars of the State of New York and the District of Columbia. Mr. Kim holds a B.A. from Northwestern University; J.D. from Cornell Law School; and Ph.D. in public policy from Harvard University.

Sonia Kowal, Zevin Asset Management, LLC

Ms. Kowal is Zevin Asset Management's President. She is a member of the firm's investment committee where she incorporates sustainability issues into investment decision making. Previously, Ms. Kowal headed Ethical Investment Research Services' (EIRIS) US office and was a Portfolio Manager and Investment Research Analyst at Baillie Gifford in Scotland. Sonia holds a B.S. in Zoology from the University of Edinburgh and an M.S. in Investment Analysis from the University of Stirling, Scotland.

Noelle R. Laing, CFA, Cambridge Associates LLC

Ms. Laing is a Senior Investment Director in the Mission-Related Investing (“MRI”) Group in Cambridge Associates’ Arlington office. She identifies and researches MRI managers across asset classes and serves as a resource to generalist investment directors in the firm by monitoring managers in clients’ MRI programs. She also serves as a portfolio advisor to clients that have a particular focus on social or mission-related investments. She currently works with private clients and foundations. Prior to rejoining the firm in 2010, Ms. Laing was a senior investment advisor at the IAM National Pension Fund, where she focused on alternative assets, including portable alpha, hedge funds, natural resources, infrastructure, opportunistic debt, and private equity. She also worked as a public markets investment analyst for the American Red Cross, where she conducted asset allocation analysis and manager due diligence for the public market portfolios of the endowment, pension, corporate accounts, and 401K program. Ms. Laing began her career at Cambridge Associates as a consulting associate in 2003. During her time at the firm, she was promoted to senior consulting associate and team leader responsible for overseeing consulting associates and liaising with firm wide management. In addition, she was involved in the firm’s consulting associate recruiting initiatives. Ms. Laing is a CFA Charterholder and earned a BS in Mathematics at St. Lawrence University.

Heike Reichelt, World Bank

Ms. Reichelt is Head of Investor Relations and New Products at the World Bank. The World Bank borrows around USD 40 billion annually in the international capital markets. Her team’s responsibilities include managing relationships with bond investors and rating agencies, and developing new debt products for investors – such as for climate change mitigation and adaptation through products like World Bank Green Bonds. Her team performs similar functions for the International Finance Facility for Immunisation (IFFIm), for which the World Bank acts as treasury manager. Ms. Reichelt plays a key role in the World Bank’s outreach to the sustainable and impact investing community in Europe and the US. She has also been a part of the World Bank Treasury's Sovereign Investments Partnerships Program for central banks and has 20 years of experience in finance – including the areas of export finance and capital markets. Before joining the World Bank in 2000, she held various positions in the German development agency Kreditanstalt fuer Wiederaufbau (KfW), and worked at European commercial banks.

Verne O. Sedlacek, Commonfund

Mr. Sedlacek joined Commonfund in 2002 as Executive Vice President and Chief Operating Officer and was appointed President and CEO July 1, 2003. In addition, he serves as a member of the Commonfund Group Investment Policy Committee. Prior to Commonfund, Mr. Sedlacek was President and COO of John W. Henry & Company, Inc. Previously he served as Executive Vice President and Chief Financial Officer for the Harvard Management Company, where he was responsible for managing the areas of personnel, budgets, systems, performance, analysis, contract, credit, compliance, custody, operations, cash management, securities lending, and market risk evaluation for the then approximately $14 billion University Fund. He also has served on many not-for-profit and for-profit boards. Mr. Sedlacek currently serves on the boards of the Association of Governing Boards of Universities and Colleges, the NYSE Pension Managers Advisory Board and is a member of the Samsung Global Investment Advisory Council (SGIAC). In 2013, National Association of College and University Business Officers awarded Verne the Rodney H. Adams Endowment award for his outstanding individual contributions to professional development activities in the area of university endowment and investment management. He earned an A.B. in Economics from Princeton University and was certified as a CPA by the State of New York in 1978.

Katie Schindall, EMC Corporation

Katie Schindall leads EMC’s Supply Chain Social & Environmental Responsibility (SER) and eWaste programs, developing and implementing strategies for sustainable sourcing and recycling of EMC’s hardware products. Her past experience includes developing corporate engagement strategy at The Nature Conservancy; a Climate Corps Fellowship at Sodexo; research analysis and consulting with McKinsey’s Social Sector Practice; and on-the-ground work for TechnoServe Ghana and for a collaborative Australian land conservation project called Gondwana Link. She has an MBA and a Master of Environmental Management from Yale University.

Tim Smith, Walden Asset Management

Mr. Smith is the director of ESG shareowner engagement and leads Walden’s ongoing shareholder engagement program to promote greater corporate leadership on environmental, social and governance (ESG) issues. This includes company dialogues, shareholder proposals, proxy voting, and public policy advocacy. Mr. Smith has been named one of the “Top 100 Most Influential People in Business Ethics” by Ethisphere Institute and of one of the most influential people in corporate governance by the National Association of Corporate Directors.

Vitaly Veksler, CFA, Beyond Borders Investment Strategies

Mr. Veksler is the CEO and Portfolio Manager at Beyond Borders Investment Strategies. He manages portfolios built from single-country equity ETFs of emerging, frontier and developed countries. Prior to founding the firm, he analyzed macroeconomic and investment trends affecting equities at BNY Mellon, Fidelity Investments, and State Street Research. Mr. Veksler holds an M.B.A. from The MIT Sloan School of Management and an M.A. in international finance from The Fletcher School at Tufts University.

Robert von Rekowsky, Fidelity Investments

Mr. von Rekowsky is Fidelity’s Emerging Markets Strategist. A 25-year veteran of the firm, Mr. von Rekowsky was portfolio manager of the Emerging Markets Equity Funds from 2004 to 2012 and held positions in fixed income, high income and equities as an Analyst in previous roles. He was based in Fidelity’s London office from 1996 to 2003, focused on European and EMEA equities. Mr. von Rekowsky holds an M.S. in finance from Brandeis University and an M.A. in international relations from Northeastern University.

Robert M. Wilson, Jr., MFS Investment Management® (MFS®)

Mr. Wilson is an investment officer and institutional portfolio analyst at MFS Investment Management® (MFS®). His role involves working with the firm's analysts and portfolio managers to integrate environmental, social and governance (ESG) issues into the investment decision-making process. He is also responsible for developing thought leadership regarding the role that ESG integration should play in a long-term investment process. Mr. Wilson joined MFS in 2013 after six years with American Century, where he most recently served as a senior equity analyst. Previously, he spent five years at Bain & Company, working as a manager in the Financial Planning & Analysis group. Mr. Wilson earned a bachelor of science in business administration from Boston University and a Master of Business Administration from the University of Chicago. He is also a member of the leadership team of the Boston Area Sustainable Investment Consortium (BASIC).

Kathrin Winkler, EMC Corporation

Ms. Winkler is vice president, corporate sustainability and chief sustainability officer for EMC Corporation. She provides the vision, strategy and leadership for the company’s global sustainability initiatives. As CSO, her mission is to integrate sustainability principles into the corporate culture, the business strategy and day-to-day operations.

Bracebridge H. Young, Jr., Mariner Investment Group, LLC

Mr. Young is Mariner’s Chief Executive Officer, a Partner and is a member of Mariner’s Investment and Management Committees. He is also a General Securities Principal for Mariner Group Capital Markets, Inc. (Mariner’s limited-purpose affiliated broker-dealer “MGCM”). He joined Mariner directly from Goldman Sachs, where he retired as a Partner, head of European Debt Capital Markets. Mr. Young also headed fixed income and foreign exchange sales in London beginning in 1992. In 1989, Mr. Young moved to Tokyo to run all of the firm’s fixed income activity in Japan. Mr. Young first became a Partner at Goldman Sachs in New York City in 1988 where he was the Co-Head of the Money Market Sales and Trading Department in 1988. He was the Head Trader for institutional money market funds from 1983 to 1988 and started at Goldman Sachs on the Commercial Paper trading desk in 1980. Mr. Young received a Bachelor’s degree from Bowdoin College in 1977 and an M.B.A. from the Stern School of New York University in 1983. He is the Chairman of the Board of Trustees of Buckingham Browne & Nichols, a coeducational day school in Cambridge, Massachusetts. Mr. Young is the Chairman of the Board of Directors of Social Finance, Inc., a Boston-based nonprofit organization dedicated to mobilizing investment capital to drive social change and bringing Social Impact Bonds to the US Market.

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The overwhelming feedback item from last year’s Sustainable Investing seminar was a demand for a 2014 session to continue coverage of this evolving area.  Since the announcement of last year’s session, over 200 additional asset owners and managers signed the UN Principles for Responsible Investment. The 1,200 PRI Signatories are now responsible for $45 trillion of assets, a 32% increase in just one year.  

Sustainable Investing offers risk reduction, opportunities to outperform by addressing major societal and economic challenges, and the alignment of investments with investor values and goals.  

Sustainable investing is also responding to the growing concern among investors and corporate leaders that short-termism is damaging long-term wealth creation and the economy. A 2013 McKinsey survey of 1,000 global C-suite executives and board members revealed that 79% feel strong pressure to deliver financial results in less than two years but 86% of those same executives believed that a planning horizon of three years or greater is needed to generate better financial returns and increase innovation.  

Sustainable Investing directly addresses this challenge by incorporating environmental, social and governance considerations into investment decisions to achieve competitive long-term financial returns and positive societal impact. It is investing with purpose.  

Headlines may focus attention on environmental, social or governance issues at a few of the largest US corporations, but the impact of sustainable investing for long-term investors goes far deeper than that. Large investors are increasingly turning to active engagement to improve the performance of companies they are obligated to remain invested in, fixed income managers are incorporating ESG factors into their investment process and private equity firms are generating cost savings and increased revenue from companies they own.  

This growth in the size and scope of sustainable investing presents a challenge and an opportunity for the mainstream investment professional serving long-term investors. A sustainable investing lens can be applied within and across asset classes in a portfolio.  

Save November 20th on your calendar to join the Boston Security Analysts Society for our 2nd full-day Sustainable Investment seminar as we bring together expert practitioners to provide practical advice on navigating the evolving sustainable investing landscape.  


8:00 am

Welcome and Introductions

  • Michael Greis, CFA, Principal, Riverbend Advisors

8:15 am

Keynote Address

  • Verne O. Sedlacek, President and Chief Executive Officer, Commonfund

9:00 am

Portfolio Construction for Sustainable Investing 

  • Noelle Laing, Senior Investment Director, Mission-Related Investing, Cambridge Associates
Noelle Laing will discuss the various ways institutional and high net worth investors incorporate sustainable investment choices - such as mission-related or socially responsible investments - in their portfolios. She will provide background on how the decision to make these investments is made, the universe of potential investments, and overall portfolio implementation. Client case studies will be used to provide specific examples of this process. 

9:45 am

Creating Value Through Shareholder Engagement – Impact on Companies, Investors and Markets

  • Susan Baker, Vice President, Shareholder Advocacy, Trillium Asset Management
  • Tim Smith, Director of ESG Shareowner Engagement, Walden Asset Management
  • Kathrin Winkler, Chief Sustainability Officer, EMC
"Town Hall" responses opened by:
  • Susan Baker, Vice President Shareholder Advocacy, Trillium Asset Management

Shareholders have a variety of ways to express their views on a company’s policies and management, the most widely known being the right to vote their shares on certain matters by proxy or in person at annual meetings. But some investors go further, seeking to actively engage with company management on matters relating to corporate policy and business strategy.

Tim Smith, a veteran shareholder advocate, will lead a discussion on how investors can successfully engage with companies to promote more sustainable business practices.  The discussion will address how engagement affects both investors and companies, and why both may benefit.  Specific topics will include how investors choose the firms to approach and the topics for engagement, as well as how companies respond to investor requests, with specific examples from past engagement campaigns.

10:30 am


10:45 am

Governance and Geography: Impact of Governance on Global Equity Markets

  • Vitaly Veksler, CFA, CEO and Portfolio Manager, Beyond Borders Investment Strategies, LLC, Moderator
  • Robert von Rekowsky, Emerging Markets Strategist, Fidelity Investments
  • Sonia Kowal, President, Zevin Asset Management, LLC
While “Environmental” and “Social" factors (or “E” and “S” of the “ESG” framework) are relatively new additions to mainstream investors’ analytical toolkit, “Governance” (or “G”) factors have been widely used by investors for some time. Determining the quality of governance at both the company and country levels has been a key consideration in equity investing in developed and, especially, emerging markets. This panel will consider the impact of various sovereign and corporate governance standards on valuations of public equities in both developed and emerging markets. The panel will also discuss a question of whether improvements or deterioration in national governance standards affect equity valuations.

11:30 am

Information Providers Panel

  • Heidi Soumerai, CFA, Managing Director of ESG Research (Moderator), Walden Asset Management
  • Barbara Pomfret, ESG Project Manager, Bloomberg
  • Matt Moscardi, ESG Analyst, MSCI
  • Sarah Smith, Senior Responsible Investment Advisor, Sustainalytics
Sources of information on ESG factors available to investment professionals have exploded in recent years, and providers are continuously adding information and enhancing tools to make the information more useful. Sustainable investors typically use several such sources. Moderator Heidi Soumerai, an investment professional who has evaluated and uses multiple sources of ESG information for decision making, will lead an interactive conversation with three leading information providers.

The panel discussion will showcase the range of capabilities, variety of uses, and some challenges faced by information providers in delivering actionable information to investors. Our goal is to enable attendees to more effectively engage with these providers - and others - to select and make productive use of the information now available and still to come. We hope that attendees will take advantage of the (poster session/facility) during lunch and the breaks to have one-on-one conversations with the panelists and the other providers present while the session is still fresh in their minds.



1:00 pm

Fixed Income Opportunities

  • Tim Coffin, Senior Vice President, Breckinridge Capital Advisors, Moderator
  • Mark Kim, CFO, DC Water Authority
  • Heike Reichelt, Head of Investor Relations and New Products, The World Bank
  • Maulin Shah, Capital Markets, Bank of America Merrill Lynch
Sustainable investing is a growing practice in fixed income. Evaluating risk is central to all fixed income investing, so it is not surprising that an increasing number of investors are considering the impact of ESG factors on the value of the corporate debt and municipal bonds in their portfolio. But the rapid growth of the green bond market, impact investments and other vehicles are also providing investors with new fixed income investment choices targeting sustainability challenges and opportunities.

The panel will review the options available to investors seeking to incorporate sustainable investing into their fixed income portfolios. The discussion will feature perspectives from a municipality, a multi-development bank green bond pioneer, and an underwriter bringing green bonds to market. 

Topics will include integration of ESG factors into fixed income analysis, types of municipal bond issuers and the impact investing opportunities they offer, the evolution and current state of the green bond market, and what sustainable fixed income investing may look like in the future.


ESG Integration Across Asset Classes 

  • Noel Friedman, CFA, Executive Director, ESG Ratings, MSCI (Moderator)
  • Robert Wilson, Institutional Portfolio Analyst, MFS
  • Bracebridge Young, Partner and CEO, Mariner Investments
  • Stephen Bonte, CFA, Standish Mellon
Institutional investors are becoming increasingly aware of the potential risk and value impact of Environmental, Social, and Governance (ESG) factors, and their potential effect on the long-term risk and return profile of investment portfolios. Managing ESG risk has increasingly become part of an integrated portfolio construction and risk management process.

Integrating ESG into the investment process is also the first principle for PRI signatories, and is increasingly being mandated and scrutinized by asset owners who are becoming more focused on ESG.

A 2013 survey conducted by MSCI ESG Research on "ESG Integration across Asset Classes" showed that the majority of participants (35%) focused on public equities. However, at the same time, there was a growing interest in other asset classes such as fixed income (20%), real estate (13%), private equity (13%) and other alternatives (13%). As the momentum to integrate ESG factors into investment decisions across asset classes continues, the panel will explore how leading firms are responding? What are the remaining ESG integration challenges? Are firms seeing an uptick in interest from clients and how are internal teams responding? 

2:30 pm


2:45 pm

Supply Chain Risk Across Sectors

  • Jose Luis Rojas Vilarreal, CFA, Growth Capital (Moderator)
  • Katie Schindall, Consultant Program Manager, Sustainability, EMC
  • John Stokes, Supply Chain Sustainability Manager, New Balance
  • Ed Canty, Fair Trade Organic Coffee Buyer, Green Mountain Coffee Roasters
Deadly fires in overcrowded garment factories may be the image called to mind when investors think of Environmental, Social & Governance (ESG) risks in the supply chain. But the reality is that supply chain ESG risks affect virtually all industries.  The risks being addressed today are as broad as can be imagined, and the reasons for tackling them have as much to do with their impact on shareholders as on outside stakeholders.  

Our panelists will briefly describe the supply chains in each of their industries, how they manage the risks present in those supply chains as part of their business models, and how managing those risks adds value to their firms, their investors and their customers. We plan to discuss which ESG risks may rise to the top and receive executive & board level attention, and how those risks could affect their companies’ bottom lines if not managed effectively.

3:30 pm

Closing Address

  • James Gifford, PhD, Senior Fellow, Initiative for Responsible Investment, Harvard

4:30 – 6:00 pm



$200 members | $300 non-members