People moves

Faber to serve second term as chair of ISSB

Term will run until 2027

Trustees at the IFRS Foundation have announced that Emmanuel Faber will serve a second three-year term as chair of the International Sustainability Standards Board (ISSB) when his current term ends in December 2024.

Faber’s second term will start on 1 January 2025 and end on 31 December 2027, and has received the full support of the IFRS Foundation Monitoring Board, comprising capital market authorities and providing a formal link between the IFRS Foundation and public authorities.

Erkki Liikanen, chair of the IFRS Foundation Trustees, said: “Faber and his strong leadership team have, in the two years since we announced the creation of the ISSB, delivered on all the commitments we set out at COP26 in Glasgow. The trustees are grateful for the significant progress and pleased to confirm there will be stability and continuity in the ISSB’s leadership to build on the ISSB’s success to date.”

According to the IFRS, the ISSB has become a globally recognised and respected standard-setter under Faber’s tenure, issuing the inaugural IFRS Sustainability Disclosure Standards IFRS S1 and IFRS S2 while securing endorsement for those standards from the International Organization of Securities Commissions (IOSCO).

IFRS also said that the ISSB has made welcome strides forward in reducing the ‘alphabet soup’ of sustainability disclosures by building on and incorporating standards and frameworks from the Value Reporting Foundation, the Climate Disclosure Standards Board and the Taskforce on Climate-related Financial Disclosures. Additionally, ISSB has engaged with other bodies and authorities in the sustainability standard-setting field to facilitate interoperability of the their Standards with other requirements and frameworks.

Faber added: “I am thrilled to continue leading the ISSB’s important work to meet investors’ demand for sustainability-related information. The ISSB’s achievements are the result of a strong, diverse and dedicated team of vice-chairs, board members and staff working effectively together with the support of our many partners and stakeholders.”

LGT WM promotes Archer to global stewardship role

Strategic input on the company’s net-zero, biodiversity and human rights work

Siobhan Archer has been promoted to global stewardship lead at LGT Wealth Management.

Archer will be responsible for spearheading the firm’s stewardship strategy including the implementation of voting, engagement activities and policy advocacy. Working with LGT teams across the world, she will also provide strategic input on the company’s net-zero, biodiversity and human rights work and act as the primary point of contact on collaborative engagements and external working groups.

See also: – A changing climate for ESG: ‘Why we have to deliver’

She has worked in LGT’s sustainable investing team since 2021 as sustainable investment specialist and previously worked at the Principles for Responsible Investment and at Arabesque Asset Management in ESG research and advisory.

This week she was also announced as winner of ESG Advocate of the Year (Wealth Management) at ESG Clarity’s sister title Portfolio Adviser Wealth Partnership Awards 2023.

Archer reports to Phoebe Stone, head of sustainable investing and intermediary investing services at LGT Wealth Management, who commented: “Having led the implementation of the stewardship strategy in the UK for the last two years, Siobhan brings a wealth of experience and will excel in this role. She has worked closely with our equity research teams to expand voting to all directly held equities, voting on over 3,000 proposals and engaging both individually and collaboratively through global initiatives.”

Nuveen appoints head of nature-based solutions

Supporting investments in farmland and forestry

Nuveen has appointed Nick Moss as head of nature-based solutions within its natural capital (NNC) arm.

Based in London, Moss will be responsible for driving NNC’s nature-based solutions investment strategy across farmland, forestry and ecological restoration, with a focus on reducing the environmental impact and carbon footprint of commercial production processes, as well as protecting and restoring natural habitats.

Moss brings more than 15 years’ experience in leading investment and technical advisory services across forestry, agriculture and climate finance. He will report into Skye Macpherson, global head of asset management.

“Nick has a wealth of experience within natural capital investments and strong relationships with business, financial institutions, donors, governments and development finance institutions,” said Macpherson.

“He will play a pivotal role in continuing to grow our natural capital and nature-based solutions offering, and providing the technical expertise to manage our holdings efficiently, sustainably and to the highest standards.”

Prior to joining Nuveen, Moss led the design and delivery of the AGRI3 strategy, an initiative of Rabobank and UNEP aiming to mobilise $1bn in public and private investment in forest conservation and sustainable agriculture. In his role, he led the team in the design, fundraising, origination and portfolio management of sustainable agriculture and natural based climate solutions across Latin America, Asia and Africa for the business. He has also held roles at Adam Smith International and PwC.

Speaking about his appointment, Moss said: “As interest in real assets continues to grow, Nuveen is well positioned to offer a broad range of specialised investments to investors grounded by a long term and sustainable investment philosophy that seeks to offer investors access to alpha driven strategies.”

Natixis IM appoints global head of client sustainable investing

Laura Kaliszewski was previously head of sustainable investment solutions

Natixis Investment Managers has appointed Laura Kaliszewski as global head of client sustainable investing, leading a team that supports clients in its sustainable investing goals.

Kaliszewski initially joined Natixis IM in 2020 and served as head of sustainable investment solutions, after gaining experience in sustainable and impact investing, portfolio management, credit and risk with firms including Moody’s, BlueOrchard, Deutsche Bank and JPMorgan, as well as within international development organisations such as the World Bank and the International Finance Corporation.

She will report to Fabrice Chemouny, head of international distribution, and David Giunta, CEO for the US.

“The global landscape for responsible, sustainable and impact investing is evolving rapidly, and Laura will be an excellent resource for our clients as they navigate this complex and ever-changing environment,” said Chemouny.

“Laura’s strong and diverse background spanning sustainability, credit and portfolio management enables her to understand our clients’ complex needs and identify solutions to meet their investment objectives.”

Cibus Capital hires head of natural capital

Kristen Weldon takes on newly created role

Sustainable food and agriculture investment firm Cibus Capital has hired Kristen Weldon as a partner and to take on the newly created role of head of natural capital.

In this new role, Weldon will focus on the integration of natural capital across Cibus’ existing strategies as well as the launch of future strategies dedicated to natural capital. She has also become a member of the firm’s investment advisory committee.

Prior to joining Cibus, Weldon was in the office of the chief investment officer and global head of sustainable investing for BlackRock Alternatives investment platform, where she was responsible for instilling a firmwide sustainable investing strategy across the private equity, infrastructure, real estate, hedge funds and credit businesses with a focus on energy transition, natural climate solutions and carbon markets. She has also worked at Louis Dreyfus Company, Hedge Fund Solutions and JP Morgan, bringing experience of multi-strategy investment to her new role.

Weldon said: “I am thrilled to be joining Cibus Capital to lead the firm’s efforts in natural capital. Nature and natural capital are a critical part of the transition to a low-carbon economy, and I look forward to applying my nearly 25 years of investment experience to this growing opportunity.”

Rob Appleby, founder and chief investment officer at Cibus, said: “We are delighted to have Kristen join the team. Her experience will elevate Cibus’ natural capital investment capabilities and support our current portfolio to integrate biodiversity and ecosystem services best practices. Kristen’s joining shows testament to Cibus’ growth as a firm over the past eight years and our serious commitment to natural capital as an asset class.”

Evelyn Partners appoints director of responsible investment

Katrina Brown has previously spent three years at Sustain Value

Evelyn Partners has appointed Katrina Brown as director of responsible investment, where she will aid in the company’s incorporation of ESG into its investing process.

Brown has focused her work in consulting, most recently spending three years with Sustain Value, a sustainable management consulting firm, since 2020. She has also spent time as an investment consultant with Independent Investment Reviews Limited, Dean Wetton Advisory and Jewson Associates. She began her career in 1994 as a fund manager for Morgan Grenfell Asset Management.

See also: – Evelyn Partners adds to global equity positions in sustainable MPS

Chris Kenny, head of investment management at Evelyn Partners, said: “I am delighted that Katrina has chosen to join Evelyn Partners at a time when we are bolstering our capabilities in responsible investment.

“She will assist with developing our commercial proposition as well as accelerating the integration of ESG investment risks and opportunities into the investment process.”

Evelyn Partners holds £54.9bn assets under management as of June 2023. It states that its approach to ESG and responsible investments includes monitoring climate-related risks for companies, the social policies companies hold in place, and a company’s internal structure and management behaviours. It is a member of the Climate Action 100+ and the Investor Forum. In its 2022 corporate sustainability report, Evelyn Partners claims they aim to reach net zero “as soon as possible” but does not provide a specific timeline in the report.

“It’s very exciting to be part of a prestigious and well-regarded organisation that already has a good foundation in responsible investment,” Brown said.

“The prospect for developing Evelyn Partners’ capabilities is compelling and I look forward to working with my new colleagues in this important and dynamic area.”

This article first appeared on ESG Clarity’s sister title Portfolio Adviser.

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