An independent panel of judges will score the case studies entered for each award. The highest-scoring entry in each category will be selected as the winner.

Judging panel by award category

ESG Incorporation Initiative Award

Jean-François Boulier

Jean Francois Boulier

Jean-François is President of Af2i, the French institutional investors association. 

Before AF2i, he worked at the Aviva Group as the Managing Director of Aviva Investors Europe from 2010 to 2013 and as the CIO for Global Fixed Income in 2014. He was also the Chair of the Board of Aviva Investors France in 2009 and the Managing Director and Director of Investment in 2008.

He started his career in finance in 2007 with Credit Commercial de France where he headed the research and innovation department, then the market risk department before becoming CIO and deputy CEO of Sinopia Asset Management.

Patricia Crifo

Patricia Crifo

Patricia is a Professor of Economics at Ecole Polytechnique, a Researcher at CREST, a Research Fellow of the Institut des Politiques Publiques, and an external member of CIRANO (Montréal).

She is the Academic Director of the Master of Science and Technology ’Smart cities and urban policy’, Co-Director of the Centre for Sustainable Finance and Responsible Investment (FDIR) and Deputy Director of the interdisciplinary intitiative Energy4climate.

She started her career as a CNRS Researcher in 2005, and became a university professor in 2006 (through a French National Contest - ’Premier concours national d’agregation pour le recrutement des Professeurs d’Université en Sciences Economiques’). 

She graduated with a Masters in Economics from University Paris 1 Panthéon Sorbonne and Ecole Centrale Paris in 1997 and obtained a PhD in Economics in 2001 from the University of Lyon.

She was nominated for Best Young Economist by Le Monde/Cercle des économistes in 2010, and received the title of Chevalier de l’Ordre National du Mérite in 2014, and Best Young Researcher in 2002 (Lyon).

Ilmi Granoff

Ilmi Granoff

Ilmi is the Director of ClimateWorks Foundation’s Sustainable Finance Program.

He is an attorney and policy expert with nearly two decades of experience in environmental law and policy, sustainable development, energy and infrastructure finance, and public-private partnerships.

Previously, he headed the Green Growth Business Unit at the Overseas Development Institute, served as the Special Counsel for Climate and Environment at the African Development Bank, and practised law in the Global Energy and Infrastructure Group at Freshfields. He is also a Visiting Professor at the University College London’s Institute for Innovation and Public Purpose.

He holds graduate degrees in law, international relations, and environmental science from New York University and Yale University, and a BA from Swarthmore College.

Tetsuo Kitagawa

Tetsuo is a Professor of Finance and Corporate Governance at Aoyama Gakuin University’s Graduate School of International Management.

He previously worked as an analyst at JP Morgan Asset Management and Nomura Research Institute Ltd.

His main fields of expertise are behavioural analysis of securities analysts and corporate governance. Recently published works include Stewardship & Corporate Governance — the Transformation of Japan’s Companies, Economy and Society by the Two Codes (TOYO KEIZAI INC., 2015).

He was a chair of the working group on “Incorporating Issues Regarding Sustainability into Investment” (Ministry of Environment in Japan– January 2017).

He holds a PhD in Economics from Chuo University and MA in Commerce from Waseda University.

Paul Lee

Paul Lee

Paul is an independent adviser on ESG and stewardship to investment institutions, and helps corporates understand the thinking and needs of investors.

He is a Senior Adviser to the UK’s Investor Forum and to ESG data fintech Aktis, and is the main author of the training manual for the CFA UK’s Certificate in ESG Investing.

He was previously Head of Corporate Governance at Aberdeen Asset Management, and prior to that Head of Investment Affairs at the UK’s National Association of Pension Funds (NAPF).

He worked for more than a dozen years at Hermes Fund Managers, where he helped create and build its Equity Ownership Service unit. He sat for some years on the board of Australia’s Regnan and on the advisory board of South Africa’s Frater Asset Management, as well as being a member of the UK’s Auditing Practices Board.

Kyoko Narita

Kyoko Narita

Kyoko is a Senior Manager at CDP Worldwide-Japan, which promotes a low-carbon, climate-resilient economy to investors.

She has worked for more than three decades in investment management for the Japanese credit market. At T&D Asset Management Co Ltd, in addition to her role in fixed income portfolio management, she worked as a Senior ESG Analyst for the equity portfolio, where she formulated ESG analysis for Japanese listed companies. She was also part of PRI's sub-committee on ‘ESG in Credit Ratings’.

Prior to joining T&D Asset Management Co Ltd in 2010, she was Co-Head of Credit Research at BNP Paribas Securities (Japan) Ltd and held senior analyst positions at Deutsche Securities Ltd and Japan Credit Rating Agency Ltd.

She is a Chartered Financial Analyst (CFA) charterholder, a Certified Member Analyst of the Securities Analysts Association of Japan (CMA) and is a 1st grade Certified Skilled Professional of Financial Planning. She also holds a bachelor’s degree in Economics from Tohoku University.

Laura Starks

Laura Starks

Laura is a Finance Professor and the Associate Dean for Research at the McCombs School of Business.

Her expertise includes personal retirement investing, mutual fund management, and environmental and social investing.

Her latest research examines the role investors play in their own retirement account management and how their hands-off approach may improve longterm performance.

Rory Sullivan

Rory Sullivan

Rory is the CEO of Chronos Sustainability, a Visiting Professor in Practice at the London School of Economics' Grantham Research Institute, and the Chief Technical Advisor to the Transition Pathway Initiative.

He is an internationally recognised expert on climate finance and responsible investment and was previously Head of ESG Research and Standards for FTSE Russell, Head of Responsible Investment at Insight Investment, Chair of the Amnesty International (Australia) Business Group and Lead Technical Advisor on the Oxfam Better Returns in a Better World initiative.

He is the author/editor of eight books, including ’Valuing Corporate Responsibility: How Do Investors Really Use Corporate Responsibility Information’, and of many papers and reports on these and related issues.

David Wood

David is the Director of the Initiative for Responsible Investment’s research and field-building work on responsible investment across asset classes.

He currently manages projects on responsible investment strategy with pension fund trustees, mission investing by foundations, the changing landscape of community investing in the US, and impact investing and public policy.

He holds a PhD in History from Johns Hopkins University.

ESG Research Report Award

Takeshi Mizuguchi

Takeshi Mizuguchi

Takeshi became a lecturer at the Takasaki City University of Economics in 1997, then a professor in 2008 after working as a certified public accountant for a trade company and an audit firm.

His area of study is responsible investment and non-financial information disclosure.

He is the chair of a working group on green bonds/green loans and a member of the Ministry of Environment’s ESG finance committee.

He is the author of ‘Responsible Investment – changing future by financial flow’ and ‘ESG Investment – the new form of capitalism’ (both in Japanese).

Bouchra M’zali


Bouchra is a Senior Professor at ESG-Université du Québec à Montréal (Canada) and a Researcher at ESG-UQAM’s Chair of Social Responsibility and Sustainable Development and the Academy of the Interdisciplinary Research Centers (AICRI).

She is a CFA charterholder and has a PhD in Finance. She supervises PhD and Master students in Canada, Europe and North Africa and co-publishes academic papers, chapters in books and newspaper articles with previous students. 

She organises and participates in many international scientific conferences, where her work has received awards (Canadian Award: ASAC: in 2005, 2006 and 2011; the SAB Trophy for Sustainable Finance: in 2013). She has also been awarded for her contribution to education and research on corporate social responsibility by the Initiative for the Sustainable Finance (2012).

She sits on international committees, including the PRI Academic Network, advises the board of directors of financial institutions, and provides expert advice to university programmes and research agencies (France and Canada).

Matt Orsagh

Matt Orsagh

Matt has worked for more than a decade in the field of global corporate governance and ESG.

In 2008, he was named one of the ’Rising Stars of Corporate Governance’ by the Millstein Center for Corporate Governance and Performance at the Yale School of Management.

His expertise is in the area of corporate governance, disclosure best practices, ESG, share owner rights, short-termism, and financial regulation.

Henri Servaes

Henri Servaes

Henri is the Richard Brealey Professor of Corporate Governance and Professor of Finance at London Business School.

He is a Research Fellow of the Centre for Economic Policy Research and a Research Associate of the European Corporate Governance Institute.

Henri holds a BBA from European University and a MSIA and PhD in Finance from Purdue University.

Stewardship Project Award

Tracey Davies

Tracey Davies

Tracey is the Executive Director of Just Share, which works with local and international activists and responsible investors to advance sustainable finance and a just transition to a low carbon economy in South Africa.

She joined the South African non-profit Centre for Environmental Rights in 2013, where she ran the Centre’s Corporate Accountability and Transparency Programme. The programme pioneered new methods of analysing and verifying reporting by listed South African companies to expose breaches of environmental laws, and to raise investor awareness of environmental risks.

She is admitted as an attorney in South Africa and as a solicitor in England and Wales and practised criminal defence and commercial litigation in London prior to joining the Centre for Environmental Rights.

She is a member of the Global Reporting Initiative’s Human Rights Technical Committee and is recognised as an expert on responsible investment, shareholder activism and corporate governance and transparency in South Africa.

She holds a BA LLB from the University of Cape Town and an LLM from New York University.

Keith Lee

Keith Lee

Keith is co-head of the World Wide Fund for Nature (WWF) Asia Sustainable Finance team and leads the team’s workstream on accelerating the uptake of responsible investment best practice across Singapore, Malaysia, Japan and South Korea. 

He also leads engagement with commercial banks and banking regulators in South Korea.

He is co-author or contributor to four WWF sustainable finance reports on responsible investment, sustainable banking and palm oil sector sustainability. He has published in academic peer-reviewed journals on environment and sustainability-related topics and previously worked as a generalist in investment banking.

He completed his PhD in City and Regional Planning at the University of California, Berkeley, where he focused on urban sustainability and food waste. He also holds a master’s degree in Environmental Management from Yale University and a bachelor’s degree in Economics from the University of Chicago.

Jon Lukomnik

Jon Lukomnik

Jon is the Managing Partner of Sinclair Capital LLC, a strategic consultancy to institutional investors, and a Senior Fellow at the High Meadows Institute. 

He was the Pembroke Visiting Professor at the Judge Business School at Cambridge for the winter 2020 semester. 

He served for more than a decade as the Executive Director of the Investor Responsibility Research Center (IRRC) Institute and co-founded the International Corporate Governance Network (ICGN) and Governance Metrics International (now part of MSCI).

He has been the investment advisor or a trustee for more than $100 billion (including New York City’s pension funds) and has consulted to institutional investors with aggregate assets of nearly a trillion dollars. He is a member of the Deloitte Audit Quality Advisory Committee, the Standing Advisory Group of the Public Company Accounting Oversight Board, and a trustee on the Van Eck mutual funds, insurance trusts and European UCITs.

His most recent book is ’What They Do With Your Money’. His previous book, ’The New Capitalists’, was a Financial Times pick of the year. Both were co-written with Stephen Davis and David Pitt-Watson.

In total, he has written more than 200 academic and practitioner articles and has been honored by the ICGN, Council of Institutional Investors, Ethisphere, the National Association of Corporate Directors (US), Transparency Task Force, and Global Proxy Watch, among others.

Forbes calls Jon ’one of the pioneers of modern corporate governance’. 

Brynn O’Brien


Brynn is a lawyer and strategist, and the Executive Director of the Australasian Centre for Corporate Responsibility (ACCR).

ACCR promotes better performance of Australian companies on climate, environmental and governance issues. As an ‘activist shareholder’ organisation, ACCR engages with listed companies and their investors on these issues, including through filing shareholder resolutions.

In the last 12 months, ACCR has filed shareholder resolutions to mining, oil and gas, utilities, airline and retail giants on climate change, corporate governance and social issues.

Real-world Impact Initiative Award

Sean Gilbert


Sean is Director of Member Engagement of the Global Impacting Investing Network (GIIN), which has more than 280 member organisations in over 40 countries.

He has over twenty years’ experience in integrating sustainability into business and finance in the private and non-profit sectors.

As Head of Partnerships and Outreach at World Resources Institute’s (WRI) NDC Partnership, he led governance and outreach and launched a global initiative to help countries achieve ambitious climate and development commitments. 

Prior to his leadership at WRI, he led Sustainability Advisory Services for KPMG in China where he worked with Chinese and Hong Kong companies and banks. He also co-drafted the Task Force Report for the China Council for International Cooperation on Environment and Development (CCICED) on Green Finance Reform.

As a Director at the Global Reporting Initiative, he led the development of a set of disclosure standards, which have become the most widely used sustainability reporting framework in the world.

He started his career as a market research consultant for the chemical and environmental technology sectors based in Asia.

Hiroshi Nonomiya

Hiroshi Nonomiya

Hiroshi is an expert in mergers, acquisitions, restructuring, business development and turn arounds. His area of expertise is cross border and cross cultural business management.

He joined the Tokyo-based financial advisory boutique Crosspoint Advisors in 2011 as a partner after spending 16 years with private equity firms both in the US and Japan, and 20 years at the Mitsubishi Corporation. He also co-founded Social Investment Partners in 2012, which manage Japan Venture Philanthropy Fund – the first venture philanthropy fund in Japan.

He has also served as a board member of Asian Venture Philanthropy Network in Singapore from 2013 to 2019, which promotes impact investment and venture philanthropy activity across Asia.

Hiroshi has a BA in Liberal Arts Culture from Tokyo University and an MBA from INSEAD in France/Singapore.

Thierry Philipponnat

Thierry Philipponnat

Thierry is the Head of Research and Advocacy at Finance Watch where he oversees policy development and technical advocacy.

After graduating from the Institut d’Etudes Politiques de Paris and training as an economist (Master’s degree in economics), he started a career in finance in 1985, holding different positions in commercial and investment banking, working successively for BFCE, O’Connor & Associates, Exane, UBS Ltd and BNP Paribas. In 2004 he was appointed global head of equity derivatives of Euronext.LIFFE and a member of the executive committees of Euronext in Paris and LIFFE in London.

He then crossed into the NGO world, campaigning and lobbying on behalf of Amnesty International, with a particular emphasis on corporate social responsibility and on the impact of the financial sector on human rights. He was later elected as an executive board member of Amnesty International France.

In 2011, he founded the European NGO Finance Watch in Brussels, which he managed as its first Secretary General until 2014. Subsequently, he became chairman of the French Sustainable Investment Forum (FIR), a board member of the European Sustainable Investment Forum (EUROSIF) and director of the economic think tank Institut Friedland.

He is a member of the board of the French Financial Markets Authority (AMF) and a member of the Sanctions Committee of the French Banks and Insurance Companies Supervisor (ACPR). He chairs the AMF’s Climate and Sustainable Finance Commission and Market Consultative Commission. He is also a member of the European Commission’s Technical Expert Group on sustainable finance and of ACPR’s Climate and Sustainable Finance Commission and Scientific Committee.

He is the author of several books and numerous articles on finance, financial regulation, sustainable finance, socially responsible investment and corporate social responsibility.

Debra Tan

Debra Tan

Debra heads China Water Risk (CWR), a non-profit think tank that aims to create a world where water and climate risks are embedded in business and finance.

She built the CWR brand from an idea into the ‘go-to’ resource on water issues in Asia and a leader in the water risk conversation globally.

Since 2010, she has worked to ’mainstream’ water risk into financial decision-making and corporate strategies on both a macro-level through the concept of ’water-nomics’ and on a micro-level through the quantification of water risk in credit/equity valuations.Today, CWR works with government-related bodies, corporates and financial institutions on both these fronts.

She has curated and written reports that have been considered groundbreaking and instrumental in understanding not just China’s but future global water challenges and are cited by intergovernmental organisations (IGOs), financial research as well as the media. Previously, she spent over a decade in finance. She spends her spare time exploring Himalayan glaciers.


The highest-scoring qualifying entry across all four categories will also win the Emerging Market Initiative Award.