ESG Series: A Practitioner Panel on Incorporating Credit Impact of ESG Issues Using Moody's ESG Cross Sector Methodology
To fully integrate ESG into decision making, investors, issuers, and markets need a more transparent, consistent, and quantified assessment of the credit impact of ESG issues. On April 26, 2021, Moody’s Investors Service published an updated ESG Cross Sector Methodology which included appendices for the assignment of ESG scores for non-financial corporates and local & regional governments.
During the course of 2021, Moody’s plans to publish scores for an increasing number of issuers and transactions across corporates, infrastructure, public finance and financial institutions.
How can investment professionals incorporate this new information into their analysis? Join CFA Society Boston for this complimentary webinar on June 22nd, 2021 from 12:00 - 1:30PM where a panel of CFA Society Boston practitioners will share their experiences with an initial set of reports incorporating this information.
After an overview by Swami Venkataraman, CFA, Senior Vice President, Moody’s Investors Service, our three practitioners will have an open conversation about their experience with the new reports, and the potential impact on integrating ESG considerations in their work. They will also have the opportunity to pose questions and share feedback with Moody’s. Our panel plans to:
1. Examine how the scores enhance integration of ESG considerations into credit ratings
2. Walk through case studies
3. Discuss varying approaches to ESG integration in investment management
4. Discuss data limitations and its implications for ESG analysis
Swami Venkataraman, Senior Vice President Manager – ESG Analytics and Integration Environmental, Social and Governance
He manages the development of ESG analytic tools, assessments and the integration of ESG considerations into Moody’s credit ratings and research. He is the primary spokesperson for Moody’s in Americas for ESG and sustainable finance and chairs the ESG Americas working group. Before moving to the ESG team, Swami was a lead analyst in the North American utilities and infrastructure team since 2014. Prior to Moody’s, he was a project and export finance banker with Standard Chartered bank in Asia. Swami has broad credit and banking expertise in the power, clean energy and infrastructure sectors over the past 20 years. He has worked in New York, San Francisco, London, Mumbai and Mexico City. Swami is a CFA charterholder, with a B.Tech in Electronics Engineering from the Indian Institute of Technology (IIT), Madras and an M.B.A. in finance from the Indian Institute of Management (IIM), Calcutta.
Mark Duffy, CFA, ESG Analyst at Invesco Ltd.
Mark Duffy is an ESG Analyst for the ESG Investment team at Invesco. In this role, he works with investment teams to support systematic ESG integration and engagement. He also provides specialist insights on thematic issues. Mr. Duffy joined Invesco in 2021. Prior to joining the firm, he was an ESG and credit analyst with Longfellow Investment Management, a shareholder advocacy intern with Green Century Capital Management, and a senior associate with State Street Corporation. Mr. Duffy has been in the industry since 2012. Mr. Duffy earned a BA degree in economics from the University of Connecticut and an MS in finance from Bentley University. He is a Chartered Financial Analyst® (CFA) charterholder
Andrew Teras, CFA, Breckinridge Capital Advisors
Andrew is director, municipal research at Breckinridge. He is also a member of the firm’s Sustainability Committee. In his role, Andrew performs municipal credit analysis. He has been with the firm since 2013 and has over 12 years of investment industry experience. Prior to Breckinridge, Andrew was an analyst at Standard & Poor’s Rating Services covering states and local governments for the firm’s U.S. public finance group. Andrew also served as an analyst at the NYC Comptroller’s Office in the Bureau of Public Finance, which is responsible for management of the City’s capital markets borrowing. Andrew is a member of the National Federation of Municipal Analysts and the Boston Municipal Analysts Forum. He received a B.A. from the University of Wisconsin-Madison. Andrew also holds an MBA from the University of North Carolina (UNC) at Chapel Hill Kenan-Flagler Business School, and a Master of City and Regional Planning (MCRP) also from UNC-Chapel Hill.
Kent Siefers, Impax Asset Management
Kent Siefers is Vice President at Impax Asset Management LLC, the North American division of Impax Asset Management Group and investment adviser to Pax World Funds. He is Co-manager of the High Yield Bond Strategy, which includes the Pax High Yield Bond Fund. Before joining Impax in 2009, Kent was an analyst at LKS Capital LLC, where he worked on an event-driven hedge fund. Prior to that he was Director of Research and Co-portfolio manager of a convertible arbitrage hedge fund at PRS Group International. He started his career as a research associate working for investment firms such as Thomas Weisel Partners, BankBoston Robertson Stephens and Federated Investors. Kent received a Bachelor of Science in business administration from the University of Vermont. He is a member of the Boston Security Analysts Society.
Members | Complimentary
Non Members | Complimentary
Professional Learning Credits
CFA Boston has determined that this event qualifies for 1 PL credit hour under the guidelines of CFA Institute's Professional Learning Program. If you are a CFA Institute member and a CFA Society Boston member, PL credit for your participation in this event will be automatically recorded in your PL tracking tool. Otherwise, you may upload 1 PL credit to your CFA Institute account in the PL tracking tool.
Members can register by logging into their Boston specific account. Non-members and CFA Society Global members must create an account, or log into their Boston specific account, to register for this program. Zoom details will be sent following registration. If you do not receive a confirmation email, please ensure you have completed the entire checkout process.