Annual Event 2017


The day after the One Planet Summit, Novethic’s annual ESG Strategies for Responsible Investors Conference took place to gather major asset owners from across Europe.

This 10th edition was marked by the strengthened commitment of 300 investors, reuniting on this occasion in order to anchor climate and environmental, social and governance (ESG) issues into the core of their investment and management strategies.



Novethic Annual Event 2017

  • Virginie Chapron du Jeu, Chief Financial Officer of the Caisse des Dépôts Group and Chairman of Novethic looks back over 10 years of responsible investment.
  • ©Isabelle Morison
  • ©Isabelle Morison
  • Wake-Up Call! Four asset managers present their arguments, from an investor’s perspective.
  • ©Isabelle Morison
  • Hilde Jervan (Norwegian Government Pension Fund)
  • Sophie Elkrief (MAIF) and Dominique Blanc (Novethic)
  • Olivier Guersent (European Commission), Christian Thimann (HLEG), Virginie Chapron du Jeu (Caisse des Dépôts Group) and Anne-Catherine Husson-Traore (Novethic)
  • Andreas Hallermeier (Bayerische Versorgungskammer), Robert Hassler (oekom research)
  • Hugh Wheelan (Responsible Investors)
  • Hilde Jervan (Norwegian Government Pension Fund) and Ulrika Hasselgren (ISS)
  • Anne-Catherine Husson-Traore (Novethic) and Olivier Guersent (European Commission)
Virginie Chapron du Jeu, Chief Financial Officer of the Caisse des Dépôts Group and Chairman of Novethic looks back over 10 years of responsible investment. Virginie Chapron du Jeu, Chief Financial Officer of the Caisse des Dépôts Group and Chairman of Novethic looks back over 10 years of responsible investment.
©Isabelle Morison
©Isabelle Morison ©Isabelle Morison
©Isabelle Morison ©Isabelle Morison
Wake-Up Call! Four asset managers present their arguments, from an investor’s perspective. Wake-Up Call! Four asset managers present their arguments, from an investor’s perspective.
©Isabelle Morison
©Isabelle Morison ©Isabelle Morison
Hilde Jervan (Norwegian Government Pension Fund) Hilde Jervan (Norwegian Government Pension Fund)
Sophie Elkrief (MAIF) and Dominique Blanc (Novethic) Sophie Elkrief (MAIF) and Dominique Blanc (Novethic)
Olivier Guersent (European Commission), Christian Thimann (HLEG), Virginie Chapron du Jeu (Caisse des Dépôts Group) and Anne-Catherine Husson-Traore (Novethic) Olivier Guersent (European Commission), Christian Thimann (HLEG), Virginie Chapron du Jeu (Caisse des Dépôts Group) and Anne-Catherine Husson-Traore (Novethic)
Andreas Hallermeier (Bayerische Versorgungskammer), Robert Hassler (oekom research) Andreas Hallermeier (Bayerische Versorgungskammer), Robert Hassler (oekom research)
©Isabelle Morison
Hugh Wheelan (Responsible Investors) Hugh Wheelan (Responsible Investors)
Hilde Jervan (Norwegian Government Pension Fund) and Ulrika Hasselgren (ISS) Hilde Jervan (Norwegian Government Pension Fund) and Ulrika Hasselgren (ISS)
©Isabelle Morison
Anne-Catherine Husson-Traore (Novethic) and Olivier Guersent (European Commission) Anne-Catherine Husson-Traore (Novethic) and Olivier Guersent (European Commission)
©Isabelle Morison

Edition 2017

HIGHLIGHTS

EUROPE LEADS THE WAY IN SUSTAINABLE FINANCE

During the opening session, Olivier Guersent, Director-General for Financial Stability, Financial Services and Capital Markets (DG FISMA) for the European Commission, recalled that while the European Union can boast on having implemented the most advanced ESG standards to date, there is still work to be done. The origin of the European High-Level Expert Group (HLEG) on sustainable finance is meant to be moving in this direction. “A unique working group for its kind”, was pleased to say its chairman, Christian Thimann, as it is rare to be able to work with a legislator and nurture dialogue with institutional investors.
L’EUROPE MET LE CAP SUR LA FINANCE DURABLE


AN IMPACTFUL INVESTORS LUNCHEON

During the investors’ luncheon, Virginie Chapron du Jeu, Chief Financial Officer of the Caisse des Dépôts Group, noted that the deployment of climate policies, the diffusion of ESG culture and the reinforcement of sustainability standards remain decisive factors for the future of corporations and financial institutions.
DÉJEUNER INVESTISSEURS


CLIMACTS! MAJOR EUROPEAN INVESTORS SPRING INTO ACTION

In the Netherlands, the United Nations Sustainable Development Goals (SDGs) will be the reference framework for the €58 billion Dutch civil service pension fund, ABP. In France, the SDGs are not widely engaged, but the reporting requirements of article 173 have initiated a movement that will benefit the entire chain of actors engaged in ESG. Further north, the Norwegian Oil Fund's Ethics Board continues to define its exclusion rules while expanding its effort in shareholder dialogue, particularly through field surveys. As its engagement policy becomes more widespread, the fund has found that some companies, with whom a dialogue has already been established, are ready for real change. In the United Kingdom, various legislative advances have succeeded in pushing asset owners towards responsible long-term management. 15% of the UK Environment Agency's pension fund portfolio is already invested in climate solutions, and their separate “Targeted Opportunities Portfolio” (TOP) must comprise 5% of the total. In Germany, the responsible investment market finally seems established, according to Robert Hassler, CEO at oekom research AG, although some market players still tend to question the process rather than take action. In the end, it may be the scandals, and the fines that go with it, that will make ESG criteria fully accepted.
ClimActs


WAKE-UP CALL!

The day continued with a “wake-up call” exercise. Four asset managers presented their arguments, from an investor’s perspective, surrounding the digitization of the building sector, renewable energy storage, environmental externalities and ecosystem services, as well as ESG materiality analysis. Enthusiasts will surely note that, according to Hamish Chamberlayne, Head of SRI at Janus Henderson Investors, some investment opportunities in energy transition could be considered the heist of the century!
WAKE-UP CALL


INSURING THE FUTURE

At the end of the conference, Nick Robins, Co-Director of the platform UNEP Inquiry, and François Garreau, Chairman of the Sustainable Development Commission of the French Insurance Federation (FFA ), evoked that in the face of climate change, insurers are mobilizing on a large scale. This mobilization is seen through the Sustainable Insurance Forum initiative at the regulator level, or with the new “Appeal on Climate Change” signed by 35 European and international insurer federations during the One Planet Summit.
ASSURER L'AVENIR