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ESG and Sustainability: Looking Through the Geopolitical Lens

The critical risks and opportunities in a new era of intersecting crises

ESG and Sustainability: Looking Through the Geopolitical Lens

The critical risks and opportunities in a new era of intersecting crises

The path to Net Zero is challenging. Around the world countries and economies are moving at dramatically different speeds. Oil exporting countries have significantly greater hurdles to overcome than non-exporting countries – what happens when that income stream is turned off? Managing different social risks is of tremendous importance given the global nature of portfolios. Climate change is limiting resources and driving migration, bringing competition and challenge. Enormous shifts are underway in order to reduce carbon emissions and meet climate targets. Yet energy and supply chain security tensions pose a direct challenge to sustainability outcomes. We all know this; we understand the global picture and recognise the risks and the opportunities for asset managers.

There is an increasingly dominant front opening up in the battle to deliver Net Zero – geopolitical volatility. And it is clear that growing global uncertainty, economic headwinds and rising geopolitical tensions will have a direct impact on ESG and the future of sustainable finance. Why? Because despite a summer of extreme temperatures, widespread wildfires, drought and storms, climate scepticism remains real and ESG is increasingly politicised.  Soaring prices, inflation and potential energy shortages run the risk of downgrading human rights and are driving demands to ditch green taxes and levies; politicians talk of a limited return of coal and fossil fuels. The reality is that we are likely to have to make some difficult compromises. The global political environment is facing enormous challenges and competition and an increasingly fractious geopolitical landscape can lead to trade wars, tariffs, investment restrictions, protectionism and a global race to secure scarce resources.

Key sectors such as asset management, financial services, technology and strategic commodities are vulnerable to significant geopolitical shocks. Greater political instability may be driven by influential ESG sceptics or those who represent a political base that is itself open to influence. Creeping nationalism and illiberal, authoritarian regimes may give way to a more turbulent world.  In short, looking at risk through the lens of geopolitical volatility, we see a kaleidoscope of complex and shifting patterns.

With global business models facing these dynamics many asset owners and asset managers are wondering how to respond and which threats and opportunities will emerge. How can ESG be sustained as the likely contests between political orders, energy crises and economic destabilising factors intersect?

We invite leaders in their fields to help you prepare to adapt to the potentially destructive nature of the realities facing us; mitigation alone will not be enough. We will explore some of the opportunities that will likely arise and how to remain competitive as investor demands pursue changing ESG objectives. We will share the collective understanding of what it takes to remain consistent, yet agile in a world of changing ESG expectations. And we will explore the steps that must be taken to secure the effective skills and governance required to remain resilient; to futureproof your and your clients’ money against ESG risks; and to be ready to capture the potential that flows from this ever-developing landscape.

ESG and Sustainability: Looking Through the Geopolitical Lens

The critical risks and opportunities in a new era of intersecting crises

15 November 2022, 16:00-18:30 GMT, One Silk Street, London EC2Y 8HQ

The event will also be screened virtually

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The team of experts includes:

Lord William Hague

Lord Hague served in the House of Commons for 26 years until he stood down in 2015. During that time, he served in many senior roles, including Leader of the Conservative party for 4 years from 1997-2001, and First Secretary of State and Foreign Secretary, 2010-2014. He now pursues a wide range of business and charitable activities including Chair of the Royal Foundation of The Duke and Duchess of Cambridge. Lord Hague is also chair of Linklaters’ International Advisory Group.

Meghan O'Sullivan_oval

Meghan O’Sullivan is the Jeane Kirkpatrick Professor of the Practice of International Affairs and Director of the Geopolitics of Energy Project at Harvard Kennedy School. She is also the Chair of the North American Group of the Trilateral Commission. She has extensive experience in policy formulation and in negotiation. In her job at the National Security Council, Dr. O’Sullivan was responsible for building consensus around new policy directions in Iraq and Afghanistan, as well as overseeing their execution. 

Aedamar Comiskey

Aedamar was elected Linklaters’ Senior Partner and Chair in May 2021 and is the first female Senior Partner in the Firm’s 183-year history. Previously the Global Head of Corporate and recognised as a prominent public and private M&A lawyer, leading on the Firm’s relationships with many FTSE 100 and FTSE 250 clients for whom she is a trusted board adviser.

Paul is Linklaters’ Firmwide Managing Partner, having been in the role since July 2021. Prior to this, Paul was a capital markets partner with a particular specialism in derivatives and structured securities. He was also Global Co-head of Innovation for Linklaters and advised on a range of fintech matters.

Silke

Based in Luxembourg, Silke is the Global Head of Linklaters’ Investment Funds practice. Silke specialises in alternative investment funds and is the key contact for some of the largest global fund sponsors in private markets.

Vanessa is the leader of the firm’s global environmental and climate change practice and co-head of the Risk and Resilience and Crisis Management teams. Vanessa is also a member of Government’s Transition Plan Taskforce Delivery Group.

Brad’s practice extends across the spectrum of regulatory and compliance matters in the U.S. He has extensive experience advising global financial institutions, investment managers and private fund managers on issues related to the U.S. Investment Advisers Act, ESG, new marketing rules in the U.S., insider trading laws, conflicts of interest, business continuity, and anti-money laundering.

Susana is a partner in our Dispute Resolution practice. Her practice is focussed on litigation and contentious regulatory matters for clients in heavily regulated sectors. She has a broad array of experience in litigation and arbitration proceedings before courts and tribunals, including proceedings involving contested issues of jurisdiction and choice of law under Rome II, the Private International Law (Miscellaneous Provisions) Act 1995 and the English common law.

Alex is a partner in the investment funds practice with more than 25 years of experience, focused on alternative investments for institutional investors, particularly private credit, private equity, real estate and infrastructure funds.

Lead Portfolio Manager Impact Investments, Allianz Global Investors

Martin is a Managing Director in the London office of Allianz Global Investors and heads Private Equity Impact Investment. Martin has been driven by his mission to mobilize private capital for impact markets at scale. Accordingly, he has spent the last 15 years of his career shifting the boundaries of the investable universe for institutional capital, executing equity impact investments in nascent markets and structuring investment vehicles.

Martin serves on several boards and Advisory Committees of Private Equity and Venture Capital funds in the Impact sector and is active across several initiatives including inter alia the Net Zero Asset Owner Alliance but also the Global Innovation Lab for Climate Finance.

Andrew is a partner in the Energy & Infrastructure team and is also head of the firm’s Africa Group. He has a particularly strong practice in Emerging Markets, with over 25 years’ experience of working across Africa, Asia, Latin America and Central and Eastern Europe. Andrew advises on developments, acquisitions and financings of project assets in the infrastructure, energy and natural resources sectors. He has experience of acting on all aspects of projects transactions, and has advised sponsors/borrowers, banks and export credit agencies, as well as governments.

Agenda

Registration (16:00 GMT)

Opening word and welcome (16:30 GMT)
With Silke Bernard & Paul Lewis

Greenwashing: buzzword of the year or a real threat to businesses going forward? Helping you navigate the very real greenwashing risk
With Brad Caswell, Susana Cao Miranda, Silke Bernard

Blended Finance: mobilising private capital to close the transition funding gap – how scaleable is blended finance?
With Alex Vogt, Martin Ewald, Andrew Jones

Intersecting Crises; will COP 27 find solutions?
With Lord William Hague, Dr Meghan O’Sullivan & Aedamar Comiskey

Close and thank you
With Silke Bernard & Aedamar Comiskey

Evening Reception (18:30 GMT)

 

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