Workstreams

Accelerating Impact

In response to a growing demand for practical, actionable information, HWW has undertaken a dramatic expansion of our work. We have organized four workstreams anchored around four central themes:

Climate Change & Climate Justice Gender, Diversity & Inclusion
Place Based Investing Portfolio Construction

Each workstream will consist of four virtual events. Like our symposium, these smaller, more intimate, conversations will be highly curated to offer the highest value, synergy and networking among participants.

Climate Change and Climate Justice

Transitioning to a just, clean energy

In this workstream we will review the state of the current investment landscape, including stranded asset risk and fossil fuel infrastructure and consider the economic impact of energy markets on the clean energy transition. We will identify investment opportunities using the project drawdown framework and explore how to achieve a profitable and just transition to a green economy. We will explore the new models of capital and investment that are helping enrich and empower poor and disenfranchised communities.

Accelerating the renewable transition, investing in the future

TBA

What is the project drawdown framework and how can it add value to investors? How can investors put capital to work in the places that most need it?

Climate resilience

TBA

How can we build a resilient, regenerative, and more just economy? In the process, how can we defend communities against greenwashing? In the wake of COVID -19, how are communities and economies coming back on-line. What are the implications of climate change on the labor movement? Do climate-forward strategies inherently contribute to a just economy? How can investors dually integrate climate justice and resiliency into their allocations?


Gender, Diversity and Inclusion

Investing in the power of difference

Studies show that diverse teams and businesses outperform, yet investors and businesses still struggle to achieve diversity. We will feature case studies and discuss successful diversity solutions as well as investment strategies that see investment in women and underrepresented minorities as a source of alpha and differentiated returns and discuss the value of diversity in different businesses, and in technology and innovation. What steps can investors take to better address the pipeline problem? What effective strategies will help identify and promote diverse talent?

Diversity and innovation

November 5, 2020 from 12:30 - 2:00 pm EST

How does difference drive productivity and change? In this session we will explore investment solutions that have dedicated lenses, how funds and portfolios are moving the needle on gender and inclusivity, ways to integrate criteria into analysis/selection and engage in shareholder advocacy and policy work, opportunities for innovation, incentive structures to improve performance and more.


Featuring:
Lorine Pendleton, Portfolia
Nicole Douillet, Alti
Cat Berman, CNote
Kristin Hull, Nia Impact Capital

Emerging managers: delivering a diverse economy

TBA

Studies show that emerging managers often deliver superior, risk-adjusted returns but these investors have traditionally had limited access to capital. In this session we will discuss investments from the fiduciary perspective of the asset allocators who work to outperform the broader indices through truly unique investment opportunities with these emerging managers they fund. We will:

  • Explore why emerging managers may outperform the broader investment manager indices.
  • Identify ways to source, access and structure investments in emerging managers. Identify ways for institutional managers to build and operate successful emerging manager programs.

Featuring:
Nicole Douillet, Alti

Economic inclusion, work, health, and wellness

TBA

Women and minorities are disproportionately negatively affected by the crisis. How can impact investment help insure we build healthy economies for everyone?


Place Based Investing

These workstream sessions will highlight the innovative developments and leadership happening in place-based investing. Issues will include: smart cities, the urban grid, manufacturing and job creation, sustainable development, affordable housing, community engagement, public policy, indigenous communities, measurement, infrastructure, health, job creation, and regenerative agriculture.

Place based investing: an overview

TBA

This working session will map the place based investment landscape from public to private markets, in emerging and developing economies, high risk, high return assets to low-risk government and municipal issuances. How can investors best position their capital to achieve their investment objectives? From job creation to climate change mitigation, from real estate to venture capital, place based investments cover the gamut of investment strategies and asset classes. How are these opportunities being impacted by COVID-19? Will investing in place become more meaningful or will capital pull out of urban economies and/or illiquid opportunities? Is impact investment well positioned to step into the breach for communities that have lost lives, jobs, and investment dollars? Can we ask more of our local institutional investors?

Investing in place: a case study

TBA

Using the island of Maui and the state of Hawaii as a case study, this session will discuss the challenges and opportunities of investing in a certain community. We will highlight successful, and some unsuccessful, models of community investment. What are the rights and obligations of institutional investors to adhere to community values and needs? How can communities attract outside capital and ensure this capital respects their values while earning attractive returns? These urgent needs have become even more important in light of COVID-19 as the island state relies on tourism and desperately needs alternative revenue sources. In addition, how can Hawaii position itself as a leader on the just transition to a clean economy and address it’s food insecurity? The lessons learned in Maui have applications for communities all across the U.S. and world-wide.

From India to North Carolina: rural applications of place based investment

TBA

In recent decades rural communities have disproportionately suffered from poverty, under investment and urban migration. The digital infrastructure gap, high-energy costs, and food insecurity hit them harder. Yet they also offer great potential for scalable investment and innovation, from developing digital learning and communications to establishing new, regenerative food systems. This session will explore rural place based investment around the world, including lessons learned in developing markets that can be applied to rural communities in the developed world.

Building healthy communities and resilient economies, New York City and Chicago in focus

TBA

Learnings from COVID -19. This session will take a deep dive into the greater metropolitan areas of New York City and Chicago. We will explore how place based investment, including public-private partnerships, real estate, and lending, have worked in the community. How have those investments functioned in response to COVID-19? What does the city need going forward, and how impact capital can respond to those needs?


Impact Investment Portfolio Construction

Effective impact investment approaches across the entire portfolio. From program related investment to profit seeking public and private capital. Impact investment is investing, and the most successful approaches look not only at outcomes but the process and structure by which they are achieved. If impact investment is going to be successful in allocating capital to the areas of greatest need, it needs to insure that the entire investment portfolio is activated. All investments are impact investments.

The fixed income portfolio: integrating environmental, social and governance (ESG)

November 19, 2020 from 12:30 - 2:00 pm EST

Growing interest in ESG and sustainability factors is driving demand for a broad range of fixed income/credit investments, from the simplest long only strategies to structured credit portfolios. How are ESG factors /impact considerations being incorporated into mainstream fixed income/credit mandates? How big is the universe of relevant strategies and what are the sub-strategies for an asset allocator? How does one evaluate and assess the material impact on the portfolio and its performance? What are some of the challenges around scaling up the green and social bond, loan and securitization markets?


Featuring:
Tess Virmani, LSTA
Tamara Larsen, Agility
Barbara McKenna, Longfellow Investment Management

Impact measurement, the way forward

TBA

Despite the proliferation of data and services, impact measurement remains a challenge affecting adoption and growth. What are successful impact measurement solutions?

Equitable models for impact investment

TBA

Investment approaches that work to share the wealth and offer innovative solutions to social, environmental problems. From municipal debt to private equity. Can blended capital approaches offer a solution?


Climate Change and Climate Justice

Transitioning to a just, clean energy

  • July 8, 2020Stranded assets, carbon lock-in and the clean energy transition

    What is the current state of fossil fuel infrastructure and scope of ‘stranded asset’ risk? How are investors tackling stranded asset risk in their portfolios? We will explore how investors should interpret the vast market corrections caused by the climate crisis, and how they should face these impending liabilities in their portfolios.


    Featuring:
    Tracey Cameron, Ceres
    Maria Garrahan, MA Pension Reserve Investment Mgmt Board
    Bob Litterman, Kepos Capital
    David Wood, Harvard Kennedy School

  • Sept 22, 2020Energy markets and the renewable economy

    Structural shifts in the energy sector have drastic impacts on its current infrastructure, revenue models and consumer markets. How will this shake up in energy markets impact the renewable energy transition? We will examine these economic shifts and what it means for asset owners, managers and fiduciaries.


    Featuring:
    Rob Day, Spring Lane Capital
    Amy Jaffe, Council on Foreign Relations
    Kathleen Kelley, Queen Anne’s Gate Capital
    Albert Lee, University of California
    Michelle Levinson, The Cadmus Group

  • Oct 21, 2020Technology disruptions in sustainability: trillions at risk, trillions to be made

    Technology innovation is a major part of how countries around the world are going to be able to halt and reverse the impacts of climate change, and lower greenhouse gas emissions. The development and adoption of technologies is likely to accelerate the rate at which countries and industries lower their dependence on fossil fuels. Stranded asset risk associated with carbon could be greater than many models predict. Are capital markets underestimating the adoption and impact of disruptive technologies in areas such as renewables and transportation? How can investors best anticipate and prepare for, and profit from, innovative disruption?


    Featuring:
    Nick Gogerty, Carbon Finance Labs
    Liqian Ma, Cambridge Associates
    Christina Lampe-Onnerud, Cadenza Innovation
    Ally Yost, The Engine
    Moderated by: Caroline Abramo, Pana LCE/p>


Gender, Diversity and Inclusion

Investing in the power of difference

  • July 17, 2020Gender, diversity lens investing

    Gender lens investing has been gaining traction among institutional investors, with a growing number of pathways into public and private markets, such as gender bonds and funds. In this session, we will explore various ways to use a ‘gender lens’, from investing in diverse managers to solutions that bring capital to diverse and underserved populations. We will review the following:

    • Ways to leverage the existing stakeholder model to ensure meaningful focus on gender perspectives.
    • Explore the variety of tools accessible to investors in the wake of the pandemic and ways to measure the impact of these approaches.
    • Identify the different ways gender lens investing is democratizing.
    • Investigate ways decision makers can direct the investment or solution to ensure equal access to capital for women.

    Featuring:
    Catherine Banat, RBC Global Asset Management
    Suzanne Biegel, GenderSmart
    Jo Ann Corkran
    Heran Getachew, Illumen Capital
    Moderated by: Anna Snider, Bank of America


Place Based Investing


Impact Investment Portfolio Construction

  • August 5, 2020Aligning mission and returns

    In this session we will review methods of embedding impact across the entire portfolio. We will examine the impacts of COVID on alternative assets: How has asset allocation changed? What are the new challenges and solutions, across different investment and geographic markets? What are some of the headwinds if the crisis extends? We will also consider whether or not indexing is living up to the promise of being both a solution and a problem for impact investment? With the loosely defined criteria in many ESG indices, how can we resolve the widespread concern of greenwashing?

    Featuring:
    Robert Boogard, PCG Investments
    JoAnn Hanson, Church Investment Group
    Patience Marime-Ball, Women of the World Endowment
    Ruth Shaber, M.D., Tara Health Foundation
    Betty T. Yee, California State Controller


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