FT/IFC Sustainable Finance Conference & Awards 2013

Farid Baddache is Director, Europe for BSR, based in Paris. With more than 12 years’ CSR strategy and management experience in Europe, North America, Asia-Pacific, Sub-Saharan Africa and Latin America, Mr Baddache brings his global expertise to BSR's Paris office as a leading authority in sustainability. He draws on his wealth of experience in CSR strategy, programme design and implementation to serve BSR's members and clients in Europe, the Middle East and Africa. As part of the Advisory Services team, he leads engagements with companies from the energy, ICT, and food, agriculture and beverage sectors. He also serves on BSR’s global Advisory Services Management team, which oversees consulting and membership strategy and operations.

Prior to joining BSR, Mr Baddache was a CSR strategy/management consultant and project manager. He has worked closely with various industry leaders, international organisations, NGOs, unions and public authorities to build a shared vision, where environmental and social issues are key market forces and new opportunities for value creation. Mr Baddache is a visiting professor at the French University of Versailles, working with its Centre of Economy and Ethics for the Environment and Development (C3ED). Widely published, he is the author of Le Développement Durable tout Simplement, Prévenir les Risques, Agir en Organisation Responsable, and Entreprises et ONG Face au Développement Durable, L'Innovation par la Coopération. Mr Baddache holds an MBA from the ESSEC Business School in Paris and has completed studies at the National University of Singapore's Business School.

He has a post-graduate diploma in Organisational Sociology from EHESS, the School for Advanced Studies in the Social Sciences in France, where he focused on sustainability implementation.

Lionel Barber is the Editor of the Financial Times. Since his appointment in November 2005, the FT has been pioneering the concept of the integrated newsroom, where reporters and editors work seamlessly across print and digital formats. During Mr Barber's tenure, the FT has won numerous global awards for its quality journalism, including three newspaper of the year awards (2008), which recognised the FT's role as a 21st century news organisation. As Editor, Mr Barber has interviewed many of the world's leaders in business and politics including President Barack Obama, Premier Wen Jiabao of China, former President elect and current prime minister Dmitry Medvedev of Russia, Chancellor Angela Merkel of Germany, and former South Africa President Thabo Mbeki. Mr Barber began his career in journalism in 1978 as a reporter for The Scotsman. He moved to The Sunday Times as a business correspondent in 1981.


He joined the FT in 1985 as a business reporter. In 1986, he became Washington correspondent before being appointed Brussels bureau chief in 1992. He served as the News Editor from 1998 to 2000 before taking charge of the continental European edition between 2000 and 2002, when he became US Managing Editor in charge of the FT's American editorial operations. In 2001, Mr Barber was invited to brief George W Bush on European affairs ahead of the President's inaugural mission to Europe. In the same year, European Voice named him one of the 50 most influential personalities in Europe. Mr Barber has co-written several books and has lectured widely on US foreign policy, transatlantic relations, European security and monetary union in the US and Europe. He appears regularly on international TV and radio.


During his career, Mr Barber has received several distinguished awards. In 1981, he was named Young Journalist of the Year in the British press awards. In 1985, he was the Laurence Stern fellow at the Washington Post. In 1992, he was a visiting scholar at the Institute of Governmental Studies at the University of California at Berkeley. In 1996, he was a visiting fellow at the European University Institute in Florence. In 1998, he was named one of the 101 most influential Europeans by Le Nouvel Observateur. In 2009, he was awarded the St George Society medal of honour for his contribution to journalism in the transatlantic community. Mr Barber graduated from St Edmund Hall, Oxford University with a joint honours degree in German and Modern History.   


Jin-Yong Cai is Executive Vice President and CEO of IFC, a member of the World Bank Group and the largest global development institution focused on private sector development and the fight against poverty.


Prior to joining IFC, Mr Cai worked in the financial services industry for 20 years. That included 12 years with Goldman Sachs Group, where he was part of Goldman Sachs’ global leadership team and its top executive in China. Before that, he held senior positions in Morgan Stanley’s investment banking division. During his time at Morgan Stanley, he was seconded to China International Capital Corporation at the inception of what has since become one of the country’s largest investment banks. Mr Cai has extensive experience in private sector development in global emerging markets and deep expertise in a variety of financial products and industries with a record of success managing highly complex business transactions.


Throughout his career, he has been recognised for his role in major transactions in financing, restructuring, and mergers and acquisitions. He began his professional career in the World Bank Group in 1990. Mr Cai has a PhD in Economics from Boston University and a Bachelor of Science degree from Peking University.


James Cameron is non-executive Chairman of Climate Change Capital. In addition to his role at CCC, Mr Cameron is the Chairman of the Overseas Development Institute, serves as a member of GE's ecomagination board, is a member of Pepsico UK's advisory board, and is a Vice-Chair of the World Economic Forum's Global Agenda Council on Measuring Sustainability and Advisory Board of the Global Competitiveness Index. He served as a member of the UK Prime Minister's Business Advisory Group from 2010 to 2012. Mr Cameron is also an advisor to the Climate Bonds Initiative, a trustee member of the UK Green Building Council, and was a member of the Green Investment Bank Commission.


Prior to CCC, Mr Cameron was Counsel to Baker & McKenzie and was the founder and the head of the firm's Climate Change and Clean Energy Practice. He has spent much of his legal career working on climate change matters, including negotiating the UNFCCC and Kyoto Protocol as an adviser to the Alliance of Small Island States. As a barrister, he appeared in several of the leading cases in international and environmental law.


Mr Cameron is also a senior advisor to the Climate Group, Chairman of China Dialogue, a member of the development board at the University of Oxford's Smith School of Enterprise and the Environment, and a member of the advisory board at the University of Oxford's Environmental Change Institute. Mr Cameron has held academic positions at Cambridge, London, Bruges and Sydney, and is currently affiliated with the Yale Centre for Environmental Law and 


Nicko Debenham serves as UK-based Director – Head of Cocoa at Armajaro Trading Ltd. He brings more than 25 years of experience working on cocoa value chains with an emphasis on West African cocoa. He has significant experience in developing and introducing pioneering traceable cocoa systems in coordination with producer country governments, initially in Ghana and now expanding to other producer countries. 


Mr Debenham previously served as Head of Africa for the cocoa division at Armajaro Trading, from 2002 to 2009, before assuming his current responsibilities at the company. He is also the Director and Chairman of Source Trust, and designed the Source Trust model approach to address the needs of smallholder farmers and their families with an emphasis on the farmer as the focal point of all training and services. Mr Debenham oversees and directs all development and sustainability programmes for Armajaro and Source Trust globally, including the regions of Asia, Africa, the Americas and the Caribbean. 

Philippe Desfossés was appointed Chief Executive Officer of ERAFP, the French Public Service Additional Pension Scheme, in June 2012. He started his career at the French Treasury (Ministry of Economy and Finance) in 1985, successively as Deputy Head of the Enterprise Financing Desk, Deputy Head of the Sub-saharan Africa Desk, Financial Attaché in
New York (1989-1992) and Head of the Insurance Desk (1992-1995). From 1995 to 1997, he was Special Advisor to Jacques Barrot, the French Minister of Labour and Social Affairs, in charge of the Employment, Family, Retirement and Old Age portfolios.

In 1998, he joined AXA Group as Senior Manager and became CEO of two subsidiaries: International Finance Futures and Compagnie Financière de Paris. From 2006, Mr Desfossés was Director of Corporate Affairs & Business Development and member of the Executive Committee of Lilly France. Mr Desfossés is a graduate of Sciences Po in Paris and the French National School of Administration.

Michael Eckhart is a Managing Director and Global Head of Environmental Finance and Sustainability at Citigroup in New York. He supports Citi’s goal to be the leading financial services firm in renewable energy, energy efficiency, clean water and related areas, serving clients with corporate banking, investment banking, equity and debt capital market origination, global transaction services, trade finance and private banking.


From 2001 to 2011, Mr Eckhart was President of the American Council On Renewable Energy (ACORE), a Washington DC-based non-profit organisation with members in wind, solar, hydro, ocean, geothermal, biomass, biofuels and waste sources of electricity and fuels. Previously, he developed financing for solar energy under the SolarBank Initiative in South Africa and India, and was CEO of the power development firm United Power Systems Inc, Vice President of the venture capital firm Areté Ventures Inc, a strategic planner of General Electric Company’s power systems sector, and a Principal with the energy practice of Booz, Allen & Hamilton where he conducted many of the original national studies on new energy technologies.


He served in the US Navy Submarine Service. Mr Eckhart received a degree in Electrical Engineering from Purdue University and an MBA from Harvard Business School. 

Jack Ehnes is Chief Executive Officer of the California State Teachers’ Retirement System (CalSTRS), the largest teacher pension fund in the US, serving more than 862,000 members and benefit recipients. The asset value of its investment portfolio was $161.5 billion as of February 28, 2013. Mr Ehnes came to CalSTRS in 2002 from Great-West Life & Annuity Insurance Company based in Denver, Colorado, where he was Vice President for Corporate Affairs and served as the trustee/plan administrator for Great-West’s employees’ defined benefit and defined contribution plans.


Prior to Great-West, Mr Ehnes served as Colorado’s Insurance Commissioner and Deputy Insurance Commissioner, and Board Trustee for the Colorado Public Employees Retirement Association. Mr Ehnes is currently Chairman of the FTSE Environmental Markets Committee and serves on the boards of the National Council on Teacher Retirement, Ceres (a national US network of investors and environmental organisations working to address sustainability challenges), and the Public Employees Board of the International Foundation of Employee Benefit Plans. He is also a member of the World Economic Forum’s Global Council on Long-Term Investing. As a recognised leader and public servant, Mr Ehnes has served on high profile national task forces throughout his career, including the National Association of Insurance Commissioners, and on various healthcare and insurance commissions and advisory boards. He also was a board member of the National Institute on Retirement Security and chair of the Council of Institutional Investors.


Mr Ehnes received the 2011 Employee Benefit Research Institute (EBRI) Lillywhite Award, recognising outstanding lifetime service and contributions to Americans’ economic security. He was also included in the National Association of Corporate Directors’ list of the 100 most influential corporate governance professionals for 2011. Mr Ehnes holds a Bachelor’s degree from Cornell University and a Master’s from Vanderbilt University.

Catherine Gill is Vice President of Investor Relations at Root Capital, where she manages debt and philanthropy fundraising efforts. Previously, she served as director for the Capital Partners division of the Nonprofit Finance Fund (NFF) and as site director for the agency’s New England region. She has also served as an adjunct professor at Boston University’s School of Management.

Ms Gill holds an MBA from the Instituto de Estudios Superiores de la Empresa (IESE) in Barcelona and a BA in Ancient Greek from Wellesley College in the US.

Justine Greening was appointed Secretary of State for International Development in September 2012. She is the Conservative MP for Putney, Roehampton and Southfields. Ms Greening was a finance manager at Centrica plc before being elected as a Member of Parliament in May 2005. Following her election she was appointed as a Vice Chairman of the Conservative Party, with responsibility for youth.


As well as being a member of the Work and Pensions Select Committee, in 2007 she became a Shadow Treasury Minister and in 2009 the Shadow Minister for London. Ms Greening was Economic Secretary to the Treasury from May 2010 to October 2011 and Secretary of State for Transport from October 2011 to September 2012. She studied Economics at Southampton University and has an MBA from the London Business School.

David E. Harris is Director of FTSE’s Environment Social Governance (ESG) service unit and is responsible for FTSE’s ESG products, including FTSE4Good, ESG Ratings, and FTSE Environmental Markets. Mr Harris has worked in responsible investment and sustainability for over a decade. 

He started his career with Arthur D. Little's Environment & Risk Practice, and has also worked for PwC's climate change team. Mr Harris is Vice-Chair of the board at the UK Sustainable Investment and Finance Association (UKSIF).  He also serves as an advisory committee member for EUROSIF, LuxFlag and the United Nations-backed Principles for Responsible Investment (PRI). He is a graduate of Imperial College London and Oxford University.

Alan Kyerematen has an extensive and distinguished record in international trade, private sector development, international public service, politics and diplomacy, spanning a period of over 35 years. In his current position as the Coordinator of the African Trade Policy Centre of the United Nations Economic Commission for Africa, Mr Kyerematen is leading efforts in Africa to provide a comprehensive range of trade support services to member States, Regional Economic Communities and other trade constituencies including the private sector and civil society.

He is also one of the leading members of the team providing strategic guidance and technical support to the African Union in implementing the Action Plan for Boosting intra-African Trade, and establishing the Continental Free Trade Area. He was the nominee of the African Union for the post of Director-General of the World Trade Organisation. Mr Kyerematen was Ghana’s Minister of Trade, Industry and Presidential Special Initiatives from 2003 to 2007 and Ambassador to the US from 2001 to 2003. Before that, he was the first Regional Director of Enterprise Africa, UNDP’s flagship programme for enterprise development in Africa; and the founding Chief Executive of the Empretec Ghana Foundation, an internationally acknowledged entrepreneurship and business development organisation.

Prior to that, he managed and participated in a number of major public and private sector consulting assignments as Principal Consultant with MDPI, one of the leading Management Development Institutes in Ghana. In addition, he worked in various managerial capacities with a subsidiary company of Unilever International in Ghana. Mr Kyerematen is a graduate in Economics from the University of Ghana and also a qualified Barrister-at-Law from the Ghana Law School. He was a Hubert Humphrey Fellow of the University of Minnesota under the US Fulbright Fellowship Program.

Chris Locke is Managing Director of the GSMA Development Fund. The Development Fund works with the mobile industry globally to build services that have a development impact for the poorest people in the world. It helps take critical mobile services such as health, farmer, money and learning tools to scale to help countries develop at a nationwide level. Mr Locke has spent the past 15 years working in the mobile and internet industries, for companies such as the Virgin Group, Three, AOL and T-Mobile.


Previous to his industry career, he was the Xerox Lecturer in Electronic Communication and Publishing at University College London and has maintained strong links to the research community, including being the Editor of Thumbculture: The Meaning of Mobile Phones in Society, an anthology of research considering the global social effect of mobile technology.



Joost Oorthuizen is CEO of IDH - The Sustainable Trade Initiative. IDH aims to deliver mainstream sustainable impact in commodity supply chains by co-investing with front-runners from industry and civil society, and has programmes in cocoa, timber, soy, natural stone, tea, coffee, cotton and more.


From 2007 to 2009, Mr Oorthuizen worked as a senior consultant with Twynstra Gudde, guiding multinational companies, government and civil society on establishing innovative partnerships. One of his assignments was fostering an alliance between the Dutch Ministry of Infrastructure and Environment, environmental organisations and the private sector on a road and integrated area development. He was also involved in stakeholder management and sustainable chain development in the energy sector.


Before Twynstra Gudde, Mr Oorthuizen worked for Agri-Profocus, where he set up alliances for agricultural value chains in developing countries. He has a PhD from Wageningen University, in which he focused on large-scale water management in the Philippines


Usha Rao-Monari is the Director of the Sustainable Business Advisory Department of IFC, a member of the World Bank Group. Her department is responsible for working with companies and investors on issues of environmental and social sustainability, resource efficiency, clean energy, and agribusiness/food security. The global team she leads is also focusing on strengthening SMEs, supply chains, and communities.


Ms Rao-Monari joined IFC in 1990 and has specialised on a broad range of industries including Infrastructure, Manufacturing, and Petrochemicals in several countries and regions across the world. In 1998, she assumed the position of Regional Manager for Manufacturing and Services for South Asia and Country Head for India, based in IFC’s New Delhi regional office. She subsequently became the Global Head of IFC’s investment operations in Utilities, with a particular focus on urban infrastructure and natural gas. In that role, she was instrumental in the formation of the Water Resources Group, a public-private platform housed in IFC that works with governments to transform the water sectors in their countries. Prior to joining IFC, Ms Rao-Monari was Vice President at Prudential-Bache Capital Funding, working both in New York and London.


She holds an MBA from the Bajaj School of Management in Bombay and a Master’s in International Economics and Finance from the School of International and Public Affairs at Columbia University, New York.   


Nick Rouse became Managing Director of Frontier Markets Fund Managers, the Fund Manager of the Emerging Africa Infrastructure Fund (EAIF) and GuarantCo, in 2005, having worked for Barclays Bank for 33 years. Both funds are owned by four European governments: The Netherlands, Switzerland, Sweden and the UK. His involvement with EAIF dates from the Fund's inception and he was a member of its Credit Committee and a Non-Executive Director between 2002 and 2005. He was also a Non-Executive Director of GuarantCo in 2004-2005.


Mr Rouse had worked in Africa with Barclays for the seven years preceding his appointment, initially running Barclays Corporate Business in East Africa and more recently as Head of Credit Risk for Africa and the Middle East. EAIF undertakes senior and subordinated debt investments in US dollars or Euros of up to 15 years tenor in Sub-Saharan Africa. It is a Public Private Partnership with US$150m of equity being used to leverage US$550m of debt to create a total fund size of US$700m. GuarantCo is a credit enhancer providing guarantees of up to 15 years for local currency lending for infrastructure projects in poor countries worldwide. GuarantCo is raising new capacity from commercial banks that will give it a Fund size of US$400m.

Danny Truell is Chief Investment Officer and a member of the Board of the Wellcome Trust, a leading medical research charitable foundation. He and his team are responsible for assets exceeding $25 billion, which are invested both directly and indirectly in a broad range of investments including public equities, private equities, property, venture capital and hedge funds.


Mr Truell is also a Co-Founder and Advisory Partner of Pension Insurance Corporation, an insurer with assets exceeding $9 billion, where he chairs the Asset/Liability Committee and is a member of the Investment Committee, and a partner of Disruptive Capital Finance. He is the Chair of the World Economic Forum’s Long-Term Investment Council, and Co-Chair of the B20 Group on Investment & Infrastructure. He is a Trustee of the Truell Charitable Foundation, Chair of the charity Debate Mate, and a member of the Investment Committees of the British Library and of the Wellington College Endowment. Until 2005, Mr Truell was a Managing Director of Goldman Sachs & Co in its investment management division. Between 1986 and 1996, his career was focused on investment in Asia. He is a graduate of Balliol College, Oxford University

Alex van der Velden is a Co-Founder and Chief Investment Officer of Ownership Capital, an independent, long-horizon investment management firm based in Amsterdam. He has over 15 years of experience combining traditional investment management and responsible investing in the Americas and Europe.


Prior to joining Ownership Capital, Mr van der Velden worked at Dutch investment manager PGGM, where he founded and headed its €3 billion Responsible Equity Portfolio, a concentrated long-term portfolio of public equities integrating ESG and active ownership. Prior to PGGM, Mr van der Velden was the founding Executive Director of FairPensions in the UK, which promotes responsible investment by institutional investors. Mr van der Velden also worked in private equity and corporate finance at Coller Capital, JP Morgan and Brown Brothers.

John Willman is an Editorial Consultant based in London and a former Associate Editor of the Financial Times. In an 18-year career with the FT, Mr Willman held a series of senior roles, including Chief Leader-Writer, Banking Editor, Consumer Industries Editor and latterly UK Business Editor. He has also won several journalism awards, including Financial Journalist of the Year at the 2001 British Press Awards and the banking award in the Business Journalist of the Year 2002 awards. Since stepping down from the FT, he has been working on a variety of editorial projects for government departments, international organisations and large companies.

After leaving Cambridge University in 1971 with a first-class degree in Social and Political Sciences, Mr Willman qualified as a teacher and taught economics. In 1976, he entered journalism as a financial writer for the consumer magazine Which?, later becoming publications manager for the London office of Peat Marwick, the accountancy firm (now KPMG). Between 1985-90, he was General Secretary of the Fabian Society, the left-of-centre think-tank associated with the Labour Party. Mr Willman has written or contributed to several books, including A Better State of Health (Profile Books, 1998), and the annual Lloyds TSB Tax Guide (with Sara Williams, 1985-2000).

Martin Wolf is Associate Editor and Chief Economics Commentator at the Financial Times in London. He was awarded the CBE (Commander of the British Empire) in 2000 "for services to financial journalism". Mr Wolf is an associate member of the governing body of Nuffield College, Oxford; honorary fellow of Corpus Christi College, Oxford University; an honorary fellow of the Oxford Institute for Economic Policy (Oxonia); and a special professor at the University of Nottingham.


He has been a forum fellow at the annual meeting of the World Economic Forum, in Davos, since 1999 and a member of its International Media Council since 2006. He was made a Doctor of Letters, honoris causa, by Nottingham University in July 2006. He was made a Doctor of Science (Economics) of London University, honoris causa, by the London School of Economics in December 2006. He was made a Doctor of Science, honoris causa, by Warwick University, in July 2009.