DIRECTORS ELECTED BY ASSET OWNERS
DIRECTORS ELECTED BY NON ASSET OWNERS
PERMANENT UN ADVISORS
|Martin Skancke, Chair
Martin was appointed PRI Association Board director Chair in April 2014. He developed and headed the Asset Management Department of the Norwegian Ministry of Finance. The department is responsible for the management of the Government Pension Fund, with assets of over US$ 800 billion. Martin served as Director General to the Norwegian Prime Minister and head of the Domestic Policy Department between 2002 and 2006. In this role, he was chief advisor to the Prime Minister of Norway on economic policy issues. Prior to this he worked for more than a decade on macroeconomic policy issues, including serving as Deputy Director General at the Ministry of Finance and head of the Section for Monetary Policy and Public Finances. Martin has also worked at the Oslo office of McKinsey&Co, advising Norwegian and international companies on business strategy issues. He served as Chairman of the World Economic Forum’s Public & Institutional Investors Industry Agenda Council throughout 2010 and 2011 and was the Norwegian representative in the drafting of the Santiago Principles for Sovereign Wealth Funds (SWFs) and in the International Forum of SWFs. In 2014 Martin chaired the Expert Group appointed by the Norwegian Ministry of Finance to assess the Government Pension Fund Global’s (GPFG) use of exclusion and ownership strategies in coal and petroleum companies. High Resolution pictures available here.
|Geeta Aiyer, CFA, President and Founder of Boston Common
Ms. Aiyer combines training and experience in finance with passion for the environment and social justice. Her career as an investor and entrepreneur has focused on sustainable and responsible investing, pioneering its expansion into the global space for U.S. investors. With over 25 years of investment experience, her unique leadership has been demonstrated in founding two successful investment firms: Walden Capital Management (1994) and Boston Common Asset Management (2003). Under Ms. Aiyer’s leadership, Boston Common, now over $2 billion in assets under management, has built a strong investment record and substantially improved the policies and practices of portfolio companies through shareowner engagement since the firm’s inception in 2003. She was honored with the SRI Service Award at the SRI (Sustainable, Responsible, Impact Investing) Conference (2013) and the Women’s Venture Fund’s Highest Leaf Award (2010). Boston Common received a Human Rights Award from Political Asylum Immigration Representation Project (2013), and the firm was named among the top 100 women-led firms in Massachusetts (2013, 2014). Ms. Aiyer serves on the Board of Directors of the Sierra Club Foundation, Earthworks, and Ubuntu at Work, a global non-profit for women. She holds the Chartered Financial Analyst designation from the CFA Institute and received her MBA from Harvard Business School.
|Masaru Arai, Chairman, Japan Sustainable Investment Forum (JSIF).
He is a former Chief Investment Officer at Daiwa Asset Management Co. Ltd. and played an important role in launching governance funds and green funds in early 2000s. In 2006, Daiwa became a founding signatory of the PRI. JSIF is a Network Supporter of the PRI and works closely with the PRI Japan Network to advocate ESG integration to mainstream investors. Since 2005, Masaru has played an important role in the Advisory Committee of the FTSE4Good and has contributed to developing criteria suitable for both West and East. He is also a member of the CDP Japan Advisory Group and has professional experience in Asia and the Middle East in addition to the experience of working together with leading financial institutions and fund management firms in China, Singapore, Malaysia, India, Brazil, UK, Spain, Italy, and Germany. His extensive track record makes him a regular member of committees established by the Ministry of the Environment and the Ministry of Economy, Trade and Industry in Japan. He lectures on responsible investment at several Japanese universities.
|David Atkin, CEO, CBUS
David is Chief Executive Officer of CBUS, the Australian superannuation scheme with in excess of 670,000 members. Prior to joining CBUS in January 2008, David was the CEO for Emergency Services and State Super (ESSSuper). David has also been the CEO for JUST Super as well as the National Marketing and Communications Manager for STA.Before moving into superannuation, David had an industrial relations background including positions at the FSU and CPSU. David joined the Board of Association of Superannuation funds of Australia (ASFA) in February 2010 and is also a member of the CEO panel for the Investor Group on Climate Change (IGCC). David is also a Board Director for Frontier Investment Consulting.David has a BA Hons University of Melbourne, Master of Arts Latrobe University and a Diploma of Financial Services and was recently recognised with distinguished alumina award from La Trobe University for his work in the sustainable finance field.
|Marcel Barros, Board member, PREVI
Marcel Barros is a member of the executive board of PREVI as the Executive Director of Benefits. He is also member of the Board of Vale. Prior to becoming PREVI Executive Director, Marcel was general secretary of Contraf-CUT, coordinator of Banco do Brasil international employees’ network – UNI- Global Union and member of the Board of CASSI. He holds a Bachelor’s degree in history from Fundação Municipal de Ensino Superior de Bragança Paulista – FESB.
|Mark Chaloner, Assistant Director (Investments) of the West Midlands Pension Fund
Mark is the Assistant Director (Investments) of the West Midlands Pension Fund. Mark joined in August 2013 following a twenty four year career at the Church Commissioners, twelve as Chief Investment Officer responsible for a highly diversified investment portfolio. Mark also has extensive experience of ethical and socially responsible investment, including membership of the Church Ethical Investment Advisory Group for over ten years and being Vice Chair of the Ecumenical Church Investors Group. Mark had an early career in banking prior to which I graduated from Cambridge University with a history degree.
|Priya Mathur, Board Member, CalPERS
Priya Mathur is serving her fourth term on the California Public Employees’ Retirement System (CalPERS) Board. As Chair of the Pension and Health Benefits Committee, she oversees CalPERS $8 billion per year Health Benefits Program. She also serves as Vice Chair of the Compensation & Talent Management Committee and sits on the Investment and Risk & Audit Committees. With more than $300 billion of assets, CalPERS manages pension and health benefits for more than 1.7 million California public employees, retirees, and their families. CalPERS is a founding signatory of the Principles for Responsible Investment and one of the first asset owners to sign on to the Montreal Pledge. Ms. Mathur is a proponent for long termism and sustainable investing at CalPERS and throughout the institutional investment ecosystem. Ms. Mathur championed the development of CalPERS’ Investment Beliefs, which incorporate these imperatives and provide the framework for CalPERS investment program. As a member of the PRI Board and Advisory Council over the past three years, Ms. Mathur chaired the Governance Committee during the organization’s comprehensive governance review and adoption of a new governance structure. Today, she serves on the newly reconstructed PRI Board. Ms. Mathur’s day job is with the San Francisco Bay Area Rapid Transit District, where she oversees the development of BART’s $9+ billion capital infrastructure investment program.
|Colin Melvin, CEO, Hermes Equity Ownership Services
Colin Melvin is a board director who has been at the forefront of developments in corporate governance, sustainability and responsible investment for over 20 years and is an expert in the good management and direction of businesses. He founded and leads Hermes EOS, an advisory and engagement service for investors. He is a qualified fund manager and member of the CFA Institute and was head of responsible investment at Baillie Gifford before joining Hermes in 2002. He holds an MA from Aberdeen University and an MPhil from Cambridge University, both in History, and a Diploma in Investment Analysis from Stirling University.
|Dr Renosi Mokate, Chairperson of the Board of Trustees of the Government Employees Pension Fund (GEPF)
Dr Renosi Mokate is the Chairperson of the Board of Trustees of the Government Employees Pension Fund (GEPF) and is Executive Director and CEO: Graduate School of Business Leadership, University of South Africa. She has held various positions in the public sector and academia and has extensive experience of development strategies within the global arena. She is a former Executive Director: World Bank Group and former Deputy Governor, South African Reserve Bank (SARB) where she also served on the Monetary Policy Committee and as the G20 Forum Central Bank Deputy for South Africa. She has held numerous board positions in the public and private sectors. She holds a PhD and MA from the University of Delaware. Her areas of specialisation are Development Economics, Urban Economics and Policy Analysis.
|Niels Erik Petersen, CIO, Unipension
Since 2008 Niels has been CIO at Unipension, which has EUR 16 billion under management. Prior to his current position he among others worked as Head of Equities at ATP for 5 years and as Head of Equity Research at Danske Bank for more than 10 years. He has also held senior positions in corporate finance at Danske Bank and Enskilda for a number of years. Niels has previously been board member and chairman of The Danish Society of Financial Analysts for 10 years.
|Daniel Simard, CEO, Bâtirent
Daniel Simard has been a Board member of Bâtirente since its launch in 1987, when he became its managing director in 2000. Bâtirente’s assets reach over US$ 750 million, serving 25,000 individual unionised workers.Daniel has twenty years’ experience in the areas of collective bargaining, pension benefits and labour court representation. A Université de Montréal graduate in Industrial Relations, he is a registered Representative with Québec’s Financial Market Authority. Daniel is involved in pension fund administration and chairs the audit committee of a large public corporation’s pension fund. He sits on the Board of the Mouvement pour l’éducation et la défense des actionnaires, a local association promoting minority shareholder interests in Canada.
|Peter Webster, CEO, EIRIS
Peter has led EIRIS since it was founded in 1983 focussing on the challenges of ESG research, helping investors make good use of it and advancing the concept of responsible investment.He has a Mathematics degree from Balliol College, Oxford, an Open University MBA and was Treasurer of UKSIF for 20 years.In the last year he has spoken in Korea on whether Responsible Investment is a Western imposition, in Australia on shareholder engagement with Vedanta, in South Africa at the latest JSE SRI Index review and in London about emphasising Sustainability to reduce the risks of future financial crises.
|Eric Wetlaufer, Senior Vice President – Public Market Investments, Canada Pension Plan Investment Board
Eric leads CPP Investment Board’s Public Market Investments department. Prior to joining CPP Investment Board in June 2011, Eric was the Group Chief Investment Officer, International at Fidelity Management & Research in Boston. Eric was also the co-founder and partner of Oxhead Capital Management and held the roles of Chief Investment Officer of U.S. Mid Cap and Specialty Growth at Putnam Investments and Managing Director at Cadence Capital Management. Eric is a past president and director of The Boston Security Analysts Society and is active on several nonprofit boards including Bay Cove Human Services and the Melanoma Foundation of New England. Eric earned a B.A. in Earth Science from Wesleyan University and is a Chartered Financial Analyst.
Permanent UN Advisors
|Gavin Power, Deputy Director UN Global Compact.
Since 2002, Mr. Power has played a key role in the evolution and growth of the UN Global Compact, which is today the word’s largest corporate sustainability initiative with over 10,000 business participants and stakeholders from more than 160 countries. Mr. Power has led the development of a range of strategic initiatives on behalf of the UN Secretary-General and the UN Global Compact – including the UN-backed Principles for Responsible Investment, the world’s largest responsible investment initiative; and the CEO Water Mandate, a global water sustainability initiative. Mr. Power also led the development of the UN Global Compact’s Who Cares Wins program, a global policy initiative focused on the integration of environmental, social and governance issues into investment analysis and asset management. Mr. Power led the UN’s first convening of stock exchanges in 2004, and has been actively involved in the Sustainable Stock Exchanges initiative. As well, Mr. Power led the development of the Global Compact 100 stock index. Mr. Power has served as a special business-economics advisor to the UN Secretary-General on numerous related missions. He is also co-Chair of the UN Global Compact’s Post-2015 and SDGs Steering Committee. A frequent speaker and contributor at international events, Mr. Power has extensive experience in the public and corporate sectors. Prior to joining the UN Global Compact, Mr. Power held senior management positions at Levi Strauss & Co., and Ketchum, where he specialized in corporate sustainability issues. Prior to his corporate experience, Mr. Power was a financial journalist, covering business and economic issues. Mr Power is stationed at UN Headquarters in New York City.
|Eric Usher, Head (acting), UNEP FI. Eric Usher brings over twenty years of experience in the low carbon sectors, spanning commercialisation of technology in Canada, an entrepreneurial venture in Morocco, and financial sector development across emerging markets. In his previous role as Head of UNEP’s Energy Branch Finance Unit his focus was on structuring public-private instruments for financing climate infrastructure. An example is the Seed Capital Assistance Facility, a joint venture with the Asian and African Development Banks that works via private equity funds to mobilize seed investment for early stage clean energy ventures. During 2011 Eric was seconded to the UN Framework Convention on Climate Change in Bonn to support development of the Green Climate Fund. Specifically this work had him leading a team of specialists advising on establishment of the fund’s Private Sector Facility. During 2014 Eric worked closely with UNEP FI in supporting the UN Secretary General’s Climate Summit in New York and specifically the launch of the Portfolio Decarbonization Coalition. Eric is co-editor of the Global Trends in Renewable Energy Investment report published annually by Frankfurt School UNEP Centre and Bloomberg New Energy Finance, is co-author of various studies examining the role of public and private finance in climate mitigation and was lead author for finance of the IPCC Special Report on Renewable Energy Sources.
Before joining UNEP, Eric was General Manager of a solar rural electrification company based in Morocco. He holds an MBA from INSEAD, France, and a BSc in Electrical Engineering from Queen’s University, Canada