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Seattle Divestment Forum 2013

Climate change represents the single greatest long-term threat to our cities and citizens. And divestment, a strategy pioneered in this country during the antiapartheid movement, is a powerful tool that we can use in this fight. The Seattle Divestment Forum was the first of its kind, bringing together city staff and financial leaders all dedicated to implementing fossil fuel divestment. The goal of the meeting was to provide cities, many of which have already pledged to divest, with the concrete tools to implement it. For more materials and resources on fossil fuel divestment, visit the Divestment subtopic page here.

 

Implications of Business as Usual: Incorporating climate change into the assessment and management of systemic risk in capital markets

Divya Mankikar                                                Mark Campanale
TruCost                                                            Carbon Tracker Initiative

            

 

Unpacking Divestment Risk: An empirical look at the level of risk inherent in divestment

Ken Locklin
Impax Asset Management

 

Divestment in Practice: Real data on fossil fuel investment

Thomas Van Dyck                                   Will Lana                                                   Leslie Samuelrich
RBC Wealth Management                     Trillium Asset Management                 Green Century Capital Management

          

 

Fiduciary Considerations: Divesting & The Carbon Bubble

Craig Metrick                                            Eric Smith
Mercer                                                      Goodfunds Wealth Management 

        

Thursday, October 17

​5:00pm

Welcome Reception
Mayor’s Office, Norman B Rice Conference Room (7th Fl)

​6:00pm

Dinner
Bertha Knight Landes Room (1st Fl)

​6:15pm

Welcome: Mayor Mike McGinn

​6:30pm

Keynote Speaker: Bob Massie

President of the New Economics Institute, Massie received his doctorate from Harvard Business School in 1989, where his research focused on institutional investors engaging social questions. His definitive history on divestment, Loosing the Bonds: The United States and South Africa in the Apartheid Years (1998), won the Lionel Gelber prize for the best book in the world on international relations. From 1996-2003 Bob served as the executive director of Ceres, the nation’s largest coalition of institutional investors and environmental groups. Massie was also listed as “one of the 100 most important leaders in finance” by CFO magazine in 2002. He co-founded the Global Reporting Initiative, the leading international sustainability reporting standard, and initiated the Investor Network on ClimateRisk, which today has more than 100 members with $10 trillion in assets.


Friday, October 18

​8:00am

Breakfast and Registration
Bertha Knight Landes Room (1st Fl)

​8:30 - 9:15am

Framing the Issues: Divestment in Context


Geeta Aiyer
Founder, President, Portfolio Management
Boston Common Asset Management

​9:15 - 10:45am

Implications of Business as Usual: Incorporating climate change into the assessment and management of systemic risk in capital markets


Divya Mankikar, VP Business Development, North America, Trucost
Mark Campanale, Founder & Director, Carbon Tracker Initiative
Paul Herman, CEO, Founder, Chief Investment Officer, HIP Investor Inc.

​10:45 - 11:00am

​Break

​11:00 - 12:30pm

Unpacking Divestment Risk: An empirical look at the level of risk inherent in divestment
Daniel Kern, President & Chief Investment Officer, Advisor Partners
Thomas Kuh, Executive Director, MSCI
Ken Locklin, Managing Director, Impax Asset Management

12:30 – 1:30pm

Lunch

1:30 – 3:00pm

Divestment in Practice: Real data on fossil fuel investment


Thomas Van Dyck, Senior Vice President, RBC Wealth Management
Will Lana, Senior Vice President, Trillium Asset Management
Leslie Samuelrich, President, Green Century Capital Management

3:00 – 3:15pm

Break

3:15 – 4:45pm

Fiduciary Considerations: Divesting & The Carbon Bubble


Craig Metrick, Principal and US Head of Responsible Investment, Mercer
Tim O’Donnell, Senior Vice President, Fund Evaluation Group
Eric Smith, Founder & Director, Strategy & Advisory Services, Goodfunds Wealth Management, Branch of KMS Financial Svcs, Inc.

4:45 – 5:00pm

Closing




Resources

Pathway to a Fossil Free Portfolio, Thomas Van Dyck, October 18th, 2013. Read more. Seattle, WA.



Fiduciary Considerations: Practices & Resources, Eric Smith, October 18th, 2013. Read more. Seattle, WA.



Green Century, Leslie Samuelrich, October 18th, 2013. Read more. Seattle, WA.



Fiduciary Considerations: Seattle Divestment Forum, Craig Metrick, October 18th, 2013. Read more.



Linking Financial and Environmental Performance: What can Public Pensions Funds Do?, Divya Mankikar, October 18th, 2013. Read more. Seattle, WA.



Beyond Fossil Fuels: The Investment Case for Fossil Fuel Divestment, Ken Locklin, October 18th, 2013. Read more. Seattle, WA.



The Seattle Divestment Forum: Choices for a Responsible Investor, Will Lana. Read more. Seattle, WA.



Unpacking Divestment Risk: An empirical Look at the Level of Risk Inherent in Divestment, Thomas Kuh, October 18th, 2013. Read more. Seattle, WA.



Seattle Divestment Forum, Daniel Kern, October 18th, 2013. Read more. Seattle, WA.



Quantifying the Future Risk & Upside Potential of climate Change in Capital Markets, Paul Herman, October 18th, 2013. Read more. Seattle, WA.



Mark Campanale, Mark Campanale, October 19th, 2013. Read more.



Follow-up to the Board’s Annual Governance Policy Work Study Sessions, Santa Clara Valley Water District, August 27th, 2013. Read more.



Resolution urging the Retirement Board of the Employees’ Retirement, City of San Francisco, August 23rd, 2013. Read more.



Model Ordinance: Divestment from Fossil Fuel Companies, ALICE, January 1st, 2014. Read more.



Resolution Divesting the City of XXXX from publicly-traded fossil-fuel companies, ALICE, January 1st, 2014. Read more.



Resolution declaring the intention of the City of XXXX to refrain from investing in publicly-traded, Mayors Innovation Project, January 1st, 2014. Read more.



Resolution Divesting the City of XXXX from publicly-traded fossil-fuel companies, Mayors Innovation Project, January 1st, 2014. Read more.



Resolution of the Ann Arbor Energy Commission to City Council, City of Ann Arbor, January 1st, 2014. Read more.



Name, Title, Organization
Geeta Aiyer, President & Founder, Boston Common Asset Management
John Avalos, Supervisor, San Francisco Board of Supervisors
Mark Bagley, Director, Western Washington University
Meredith Benton, Vice President, Boston, MA
Mark Brovak, Director, Western Washington University
Mark Campanale, Founder, Carbon Tracker Initiative
Jay Carmona, Divestment Campaign Manager, 350.org
Jean Carter, Director, Wester Washington University
Jennifer cooperman, City Treasurer, city of Portland, OR
Brendan DeMelle, Executive Director, DeSmogBlog
Christine Denis, Credit Analyst, King County, WA
Larry Dohrs, Vice President, Newground Social Investment
Brett Fleishman, Senior Analyst, 350.org
Danielle Fugere, President, As You Sow
Vincent Galindo, Advisor, Arnerich Massena
Eric Gimon, Family Council Member, Flora Family Foundation
KC Golden, Senior Policy Advisor, Climate Solutions
Erin Gray, Marketing & Strategic Analysis, Green Century Funds
Greg Hanscom, Senior Editor, Grist
Brad Harrison, Mission Related Investment Analyst, Threshold Group
Samnuel Hekcer, VP, Municipal Credit Analyst, SNW Asset Management
Bob Helmuth, SVP Stakeholder Relations, PAX World Investments
Jamie Henn, Founder, 350.org
Bruce Herbert, Chief Executive, Newground Social Investment
R. Paul Herman, CEO, HIP Investor Inc.
John Huber, Portfolio Manager, Wall Street Associates
James Irwin, Senior Associate, Mayors Innovation Project
Daniel Kern, President and CIO, Advisor Partners
Rob Knowles, Director of Marketing, Wall Street Associates
Cynthia Kocher, Financial Advisor, LPL Financial
Jonas Kron, Director, shareholder, Advocacy, Trillium Asset Management
Thomas Kuh, Business Director, MSCI
Wil Lama, Senior Vice President, Trillium Asset Management
Michael Lazarus, Senior Scientist, Stockholm Environment Institute
Hung Le, Student Leader, Western Washington University
Alex Lenferna, Executive Committee/PhD Student, University of Washington Divest/Philosphy Department
Ken Locklin, Managing Director, Impax Asset Management
Kristi Lynett, Sustainability Manager, City of Tacoma, WA
Bruce MacDonald, Managing Partner, Crayna Capital
Carol Malnick, Managing Director, Boston Common Asset Management
Divya Mankikar, Vice President, North America, Trucost
Bob Massie, President, New Economics Institute
Kris McCabe, National Director - Sales and Marketing, Advisor Partners
Mike McGinn, Mayor, City of Seattle, WA
Amy McIlvaine, Board Member, Sustainable Connections
Craig Metrick, Principal & US Head of Responsible Investiment, Mercer
Richard Mott, Director of Environment, Wallace Global Fund
Jonathan Naimon, Managing Director, Light Green Advisors
Mike O'Brien, Councilmember, City of Seattle, WA
Tim O'Donnell, Senior vice President, Fund Evaluation Group
Michael Palmieri, Director of Marketing, Fossil Free Indexes LLC
Kitty Piercy, Mayor, City of Eugene, OR
Jeremy Pollock, Legislative Aide, San Francisco Board of Supervisors
Maura Rendes, board Chair, Responsible Endowments Coalition
Satya Rhodes-Conway, Managing Director, Mayors Innovation Project
Kyle Richmond, County Supervisor, Dane County Board, Madison, WI
Carolina Samudio-Ortega, Marketing Coordinator, Jamaica Plain, NorthStar Asset Management
Leslie Samuelrich, President, Green Century Capital Management
Brian Schmidt, Board Director, District 7, Santa Clara Valley Water District, San Jose, CA
Marina Scott, Treasurer, Salt Lake City Corp.
Andy Shrader, Deputy of Environmental Affairs and Sustainability, Los Angeles City Councilmember Paul Koretz
Eric Smith, Director of Strategy, Goodfunds Weatlh Management
Mike Smith, Chief Investment Officer, King County, WA
Rachael Stoeve, Editorial Intern, YES! Magazine
Eddy Ury, Student Leader, Western Washington University
Tom Van Dyck, Senior Vice President, RBC Wealth Management
Alison Van Gorp, Senior Advisor, City of Seattle, WA
Philip Varnum, Chief Financial and Administrative Officer, The Lemelson Foundation
Clara Vondrich, Account Director for Climate and Energy, Fenton Communications
Jon Warnow, Founder, 350.org
Marguerite Young, Capital Stewardship Policy Coordinator, SEIU
Seth Yurdin, Majority Leader, City Council, City of Providence, RI